Mortgage / Finance

Anybody that's hung around the ActiveRain “water cooler” for any length of time understands the value of the relationships built on the site. AR is so much more than a social networking site, however.


It's also the place to get up-to-the-minute information on topics that affect your clients. Ask yourself: what's the most confusing aspect of buying a home for the real estate consumer? The answer is most likely financing the purchase. Credit scores and how they affect the mortgage rate, types of loan products, points, fees – whew! -- there's a lot to know about mortgages.


To serve your clients effectively you need to know about this stuff and keep abreast of changes in the mortgage industry. Thankfully, ActiveRain is not only popular with real estate agents and brokers but with finance professionals as well.


Whether you're an agent trying to figure out what the Fed's latest move means to your clients or a mortgage pro who needs input on how to build relationships with real estate agents, ActiveRain is the place to tap into a wealth of knowledge.

Trending blogs on Mortgage / Finance

 
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 3.75% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.09% FHA 30 year:3.875% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.07% Conventional 15 year:3.125% Credit score:740 LTV:80% Loan Amount:$200k APR:3.32%   Rates are Subject to Change Call me today if you ...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY January 28, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  FLOAT - NEUTRAL 7-15 Day Close: NEUTRAL 16-30 Day Close: FLOAT MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on 01-22-15: 3.63% - Down 0.03% Rate Price Ba...
By Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
(Movement Mortgage)
Comments 0
Economic News in Review Greenville SC Here is last week’s Economic News in Review Greenville SC.   While 2014’s existing home sales were slightly down, sales in December picked up steam, as did new home construction. Meanwhile, initial jobless claims fell, but not as far as the market had hoped. ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 35
“Providing Hope to a Home Buyer”   At least a couple of times a week I get calls from folks that have been told by friends or co-workers to contact me. They often need help regarding their credit and many I can help and get them to a point that a mortgage is possible in a few months, others much ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 14
“Long Distance Mortgage Applications”     I am fortunate that I get clients from most states and even out of the country. Many ask how difficult it is to do mortgages without being face to face, the bottom line, there is almost no difference.   My preference is always to be face to face, but bet...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 37
“Who Else do You Know that Needs My Help”   No matter who I talk too, I ask this question. No matter it be someone that just got referred to me, someone I am doing a mortgage application for or someone who I set up an appointment with. You just never know the response you may get, you just might ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 40
“NO, I Can’t Pay You a Referral Fee”   You may or may not know that referral fees cannot be paid in the mortgage industry. Personally I don’t agree with the policy, but that’s the regulation.   I got a call from a former loan officer, asking if I would consider paying  him a referral fee for ever...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 5
You are no doubt aware that the reduction in the FHA premiums for mortgage insurance went into effect yesterday, 01.26.2015.  There are a number of people with FHA loans that might benefit from refinancing their existing FHA loan into another FHA loan with lower MIP.  As stated in an earlier post...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 5
FHA Announces Reduction in Monthly Mortgage Insurance On Friday, December 9, 2015, HUD released Mortgagee Letter 15-01 which announced a 0.50% (50 bps) reduction of the FHA monthly mortgage insurance on most forward mortgages with terms greater than 15 years.  This comes on the heels of months of...
By Mike Bjork
(American Pacific Mortgage)
Comments 0
http://MikesDailyMarketReport.com: Provides the mortgage interest rate trends and navigates through the current interest rates for home loans.  Mike Bjork provides this daily service by watching the interest rates in California by projecting his thoughts on the mortgage interest rates forecast.  ...
By Bob Crane, Forestland Experts! 715-204-9663
(Woodland Management Service)
Comments 5
Our professional association strictly prohibits the buying or selling of referrals, and after all the monkey business that I see in the real estate industry, I think that prohibiting this practice is a great idea. “NO, I Can’t Pay You a Referral Fee”   You may or may not know that referral fees c...
By Matt Brady, Lending With Competence And Character
(New American Funding)
Comments 0
First-Time Buyers Are Getting More Help Paying For Homes January 28, 2015 Prospective homebuyers having trouble securing mortgage credit through traditional channels might find it comforting to know they're not alone - and that they have other options. Government-program loans, such as those off...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 1
  According to Realtytrac, nearly 7.3 million people who have had their homes foreclosed on during the recession will once again be able to buy a home in the next 8 years. More than 500,000 foreclosed on homeowners will be eligible for a new home loan this year. In general, homeowners can recove...
By Jack Tenold, Reverse Mortgage Specialist Washington | Oregon | California - refinance & purchase, Reverse Mortgage Specialist
(First Priority Financial NMLS 3257 )
Comments 0
Reverse Mortgage Borrower Checklist Still Good for a short while   You won’t need to provide all of the items on the list below to support your reverse mortgage application but you must act fast.  Reverse Mortgage guidelines are changing March 2, 2015.  The changes may affect your ability to qual...
By Olan Carder
(Fairway Independent Mortgage)
Comments 11
I closed a refinance for one of my past clients on the 23rd and we had to subordinate a second lien they had with beloved Bank of America.  We called B of A and asked about the process which they said was normally 10 business days but also noted that we could pay an additional $75 fee to RUSH the...
By Robert Clapton
Comments 66
We have direct provider for BG/SBLC/LC from top AA rated banks in the world. HSBC London or HongKong ETC our leasing fee is 6+2 Genuine brokers and Borrower only. Please contact Mr Robert Clapton Contact: Email:  robert.clapton@rocketmail.com  Telephone: +44-777-650-6313 
By Edward Gomez, Credit Score Boost USA
( Credit Score Boost - USA Credit Solutions)
Comments 3
I thought about writing this at the first of the new year, but then I thought about how busy we are, sometimes we don't even take time to think about some new years resolutions.  So I figure why not start talking about this early.     I know the holidays are here and it is easy to spend extra usi...
By Edward Gomez, Credit Score Boost USA
( Credit Score Boost - USA Credit Solutions)
Comments 1
Im sure you’ve heard old cliché: if it sounds too good to be true, it usually is. This is no exception. Of course there is mis-information out there also, so let's get the facts straight.   First of all any advice from the credit bureaus is false, unless it is legal rights which are mandated by t...
By Justin Fitzhugh, Mortgage branch opportunities in 47 states
(Nations Lending Corporation)
Comments 0
Yes, there has been a lot of news about 97% conventional conforming loans, and about the FHA’s lower insurance premiums later this month. But regardless of the program, Nations Lending’s borrowers need know that one of the biggest hindrances in the home buying process for borrowers is the amount ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 79
“Blogging Your Story, So Others Get to Know You”     Referrals are the lifeblood of my mortgage practice. I never take them for granted. This week I have gotten two referrals from Realtors I have never met or heard of before.   In each case I got a call directly from the clients.  I always ask w...