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 Mike Young, FHA 203k Consultant 707-812-7668
(203kOnLine.com, covering California & most other states)
Comments 3
How can I close my renovation loan faster? What is it that takes a 203k or renovation loan so long to close escrow? The short answer is that everyone in the transactions is looking at the consultant, emailing and calling, distracting the driver so to speak. It is like a magician, lets take your e...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 32
“Five Weeks for You to Get me a Mortgage”   A couple of months ago a Realtor referral partner referred a prospective buyer to me. We carried on a 5 minute conversation, got some basic information and I was asked how long before I could get a mortgage completed. I told him that based on the type o...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
“It is Never Fun Telling Someone that They Can’t Afford their Dream House”     I met with clients to get them pre-qualified for a mortgage, not just any mortgage, but one that would purchase their dream home. Being a numbers guy, I will review the numbers and often the numbers beyond the numbers...
By Bill Kamboukos
(Strategic Mortgage)
Comments 0
For the self-employed borrower that does not receive a regular pay check stub, in recent years the only way to qualify for a home loan, has been to use full tax returns. However, with this new program, for someone who does not want to go that route, a new option is available.   Program Basics – ...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 0
 What is the sign of true professional? Guide them through the process - and give them right advice. Even if it means, the truth is something different than what they want! Do you do that? How often? Here is a great post from my friend, Joe Petrowsky  who works by referral - 100%! “It is Never Fu...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 4% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.29% FHA 30 year:3.875% Credit Score:680 LTV:96.5% loan amount:$200k APR:5.07% Conventional 15 year:3.375% Credit score:740 LTV:80% Loan Amount:$200k APR:3.42%   Rates are Subject to Change Call me today if you are...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY March 4, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  FLOAT With Caution 7-15 Day Close: FLOAT With Caution 16-30 Day Close: FLOAT With Caution MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 2-26-15: 3.80% - ...
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. Real estate was the big newsmaker last week, with existing and new home sales showing middling performance. While real estate was mixed, initial jobless claims took an unexpected bounce upward.Existin...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 18
As I stated Monday in the first blog of this two blog series on Mortgage Assumption Options, with more and more predictions of the interest rates rising later this year, it is important Borrowers are aware of the different features associated with the mortgage program they are applying for.  One...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 22
With more and more predictions of the interest rates rising later this year, it is important Borrowers are aware of the different features associated with the mortgage program they are applying for.  One such feature Borrowers need to be aware of in a rising interest rate market is if the mortgag...
By Dennis Dahlberg
(Level 4 Funding )
Comments 0
If you are trying to get an Arizona mortgage with bad credit, it is important that you know all of your options. There are several programs available to help Arizona borrowers obtain a home mortgage, even if they have bad credit.     If you have a credit score of less than 640, you are considere...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 32
A Mortgage Pre-Approval Process is a process a Borrower goes through in order to determine the price home they will be able to qualify to purchase.  Once a Borrower has gone through this process with a qualified Mortgage Loan Originator, the Loan Originator will provide them with a letter which ...
By Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you
(Lyon Real Estate)
Comments 6
I don't get out very much to mingle with other people unless I'm with my husband or my team members, so it was doubly nice for me to attend a birthday party last night at the Riverside Clubhouse in Land Park for an agent in my office who turned 80. She is such an inspiration to me -- to everybody...
By Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent
(Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional, 931-920-6730)
Comments 11
There is a big difference between those three type of letters. The Pre-qualification letter is the easiest one to get because it has the least amount of research involved and usually is based on a quick credit check and information given by the borrower. The other two are verified and have much m...
By Mike Bjork
(American Pacific Mortgage)
Comments 1
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 Matt Brady, Lending With Competence And Character
(New American Funding)
Comments 1
We are always intstructing clients, especially first time buyers on the Do's and Dont's of purchasing. We have created this video to share to make it easier for our business partners. Check it Out!   https://www.youtube.com/watch?v=PFVC0zdiwM8&feature=youtu.be&noredirect=1   Matt Brady           ...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 1
Stocks took a hit once again today as the newly popular sport of profit taking continued through today's session.  This coming Friday's jobs report is shaping up to be a big event.  ADP, the sometimes suspect job tallier, said today that 212,000 private sector jobs had been created in February.  ...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed up 3 basis points today at 101.34 having remained above support offered by the 100 day moving average just 11 basis points below.  MBS bonds were virtually stagnant today as traders are cautiously awaiting Friday's jobs report.  With weekly initial jobless ...
By Nick and Cindy Davis, CRS,CIAS,ALHS,e-PRO,CDPE,SFR,Realtor(R)
(RE/MAX Premier Group)
Comments 0
Living from one paycheck to the next may be the norm for many people. But homebuyers need a better strategy. "If buying a home is your goal, then it needs to be your priority," says Tim Kirchner, formerly vice president of MetLife Bank in Irving, Texas. "Most people need to sacrifice a little and...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 3
Importance of 10% Reserve Contribution to Condo Unit Financing If you know anything about FHA condominium project approvals, you know that it requires that associations annually contribute 10% of its budget to a reserve fund.  This account must be held separately from the operating account.  But ...