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 Bill Ladewig, Experience Is Your Advantage
Comments 1
MORTGAGE INTEREST RATE LOCK ADVISORY May 22 2015, 7:30 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-7 Day Close: LOCK 8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 5-21-15: 3.84% - Down 0.01 Point Rate Price Based on 3% MBS - C...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 26
A recent study by ID Analytics titled "Millennials: High Risk or Untapped Opportunity?" gives a mixed review on How Credit Worthy Are Millennials.  This is important because the way millennials are perceived and their credit worthiness is very important to their ability to qualify for a mortgage ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 16
  “Getting Tired of the Classes, Why Would I Market to Only One Age Group?” So much I read these days talks about Marketing to seniors or millennials or whoever, I’m not going to do it. I am in the mortgage business no matter if a reverse mortgage or a mortgage for a first time home buyer. Can yo...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Open Mortgage, LLC)
Comments 4
This week I received a call from a very frustrated woman who was trying to help her elderly sister and brother-in-law understand the reverse mortgage that is currently on their home. Irene, the woman who called, was at her wits end. She has been working with her sister, the estate planning attorn...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 16
  “Client Wants a Divorce”  Divorce that is from the Realtor I referred to them a number of months ago. I know the Realtor has put in a bunch of work and now to be told they want to work with someone else. It just doesn’t seem fair. There is an agreement in place and the Realtor isn’t willing to ...
By John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 18
Can I Switch Mortgage Lenders if an Appraisal is already done?       In a word, YES.  You can.  In an explanation, like so many things in the mortgage world, it's a gray area.  Some lenders won't accept them at all.  Others will require a borrower use a certain loan product if they want to use an...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 9
The Lender Almost Killed the Sale. I don't pretend to know all about insurance premiums and neither should the lender. The Lender Almost Killed the Sale. What a wonderful situation it is to have a really qualified buyer that has been so conscientious that he has saved a hefty downpayment and paid...
By JoAnn Moore, Home Loans in Delaware
(The Mortgage Market of Delaware)
Comments 3
Home Loans 101 – Purchases -Home loans may seem intimidating but are actually quite simple. There are several types of loans. The type you choose would depend on a few things. You may even qualify for several but one may be better suited for your particular situation.If you are a Veteran or Activ...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 11
No Pooled Insurance Without a Master AssociationThis may be one of those cases where FHA makes internal changes to its guidelines for condominium project approval and doesn’t tell anyone, which sometimes happens.  We who submit condominiums for FHA project approval often don’t learn about such in...
By Bruce Reichstein, VA & FHA Home Loan Expert +26 yrs
(Founder of VALoans.com, FHALoan.com)
Comments 2
A reader asks, "I closed an FHA loan on 02/18/15 and was charged a rate of 1.689% for Mortgage Insurance Premium. The rates were reduced in January-15. Was I charged an incorrect rate?"This is a common question for some borrowers because their loans happened during a period of time where the chan...
By Jeff Jensen
Comments 1
Despite bond yields sliding somewhat downward both here and in Europe, MBS bonds struggle to remain above support.  The national average price of regular gasoline was $2.73 which is 91 cents cheaper than if was a year ago and 26 cents more than it was one month ago.  2015 looks to have about 9% m...
By Jeff Sipes, Blue Water Credit
(Blue Water Credit)
Comments 1
How the coming Fed rate hike will affect the average consumer - and how to best safeguard your finances. In June, some very important people will meet to make some decisions that will reroute the trajectory of the U.S. economy. The “Fed,” led by Federal Reserve Chair Janet Yellen, will have one d...
By Jeff Sipes, Blue Water Credit
(Blue Water Credit)
Comments 1
ents  When it comes to men and women, which sex can claim top honors for their credit scores? A recent study by the credit bureau Experian revealed some interesting differences about men and women when it comes to managing their credit and knowledge about how scores and reporting work, and it may...
By Jeff Jensen
Comments 0
Mortgage backed securities (MBS) closed down 22 basis points today at 104.00 having fallen back toward support offered at the 200 day moving average prior to remaining just 7 basis points above it.  The conforming 30 year fixed was at 3.875 today while the 30 year jumbo was at 3.625%.  Traders wi...
By Jeff Sipes, Blue Water Credit
(Blue Water Credit)
Comments 0
   Every adult in the United States has a credit score, right? Not so fast, as recent studies show that a large percentage of the population actually are without a score at all, or have credit histories that are so sparse that they’re unusable. Those are the findings of a study released last week...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 5
Buyers wasting our time! Does it happen often?I am just little concerned about this agent who is 'over-committed' to the buyers.As I re-blog one more post about time wasting buyers, here's the first one of the day from my dear friend Joe Petrowsky .     “Five Pre-Qualifications Last Year and Anot...
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 Jim Paulson, Owner,Broker
(Progressive Realty (Boise Idaho) www.Progressive-Realty.info)
Comments 4
I am seeing an uptick in the use of Adjustable Rate and Hybrid Mortages and for good reason. Too many people used Adjustable Rate Mortgages in the past to leverage their purchasing power to buy more home than they could afford hoping their financial and property values would improve faster than t...
By Bruce Reichstein, VA & FHA Home Loan Expert +26 yrs
(Founder of VALoans.com, FHALoan.com)
Comments 11
A reader asks, “I was told when I separated from the US Air Force that I was eligible for a VA funding fee refund because I am a 90% disabled vet. Is that true and if so where do I start to get the refund?” The answer to this particular question depends on where the veteran is with two processes–...
By Bruce Reichstein, VA & FHA Home Loan Expert +26 yrs
(Founder of VALoans.com, FHALoan.com)
Comments 1
A reader got in touch with us recently about an incident connected to her VA home loan. “I have received two letters regarding IRRRL refinance program, saying the inclusion of my loan into the program was part of the ‘economic stimulus program.’ I called and was told my new mortgage payment would...