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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 16
“Mortgage for a Second Home”   Over a year ago, I wrote a blog regarding mortgages on second homes and as a result got a call from someone in NH. He asked me what the process would be to get a mortgage on a home that was a second home, but not a year round home or what is commonly known as a thre...
By Sally K. & David L. Hanson, WI Realtors - Luxury - Short Sale - CDPE, REDS
(Keller Williams 414-525-0563)
Comments 3
  We have learned through our own experience and from others in our industry...that the choice of a lender...and going one step further...a loan officer within a lending institution is a HUGE part of the puzzle piece that puts a transaction together.    If both listing and selling agents are not ...
By Michael Dagner, Your Denver Homes Realty Expert
(Brokers Guild Classic)
Comments 1
This is great information for anyone having trouble with the credit bureaus in getting them to remove something that shouldn't be there.   I had a similar situation occur with my own credit report.  Couldn't get the credit bureau to cooperate and remove incorrect information on the report...
By Nevin Williams, Raleigh Mortgage Pro
(Sierra Pacific Mortgage Raleigh)
Comments 10
How we calculate mortgage insurance (MI) on FHA loans to figure out a monthly MI payment.      View "What exactly is PMI, MI or MIP? " for more info.   What you will need: A standard calculator A piece of paper/pen A little patience An understanding of MI factor  An understanding of UFM...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 44
“Why Should I Use a Realtor to Sell My Home?”   Unfortunately more home sellers are asking this question. They bring up Zillow and Trulia as ways to circumvent having to pay a Realtor, which is absolutely crazy. The truth is home sellers don't save anything, as a matter of fact they more ofte...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 20
   The Connecticut Housing Finance Authority (CHFA) has introduced their new Connecticut Housing Finance Authority (CHFA) HFA 3% Down Conventional Mortgage.  This is great news for Connecticut First Time Homebuyers, and for the housing market in Connecticut.  The Connecticut Housing Finance Auth...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 29
“What to do When You Can’t Get a Credit Report Corrected”   I tell my clients to go online to access the laws that deal with these issues:www.ftc.gov  then check out the Fair Debt Collect Practice Act (FDCPA).   Three months out diligent calling and email the creditor and credit bureaus these pro...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 1
Conventional 30 year Mortgage: 4.25% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.59% FHA 30 year:4.25% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.87% Conventional 15 year:3.5% Credit score:740 LTV:80% Loan Amount:$200k APR:3.62%   Rates are Subject to Change Call me today if you are...
By Thomas J. Nelson, Realtor, Connecting Good People with San Diego Lifestyle!
(Coldwell Banker Residential Brokerage)
Comments 8
  *42% of Americans surveyed, stated the #1 debt they want to pay off/ eliminate is their mortgage.     The largest single debt most Americans carry is their Deed of Trust (CA) or Mortgage for their home loan and 42% of those Americans want to pay them off first and faster than the scheduled ter...
By Anita Allen, Realtor - Homes for Sale in Pace and Milton, FL
(Coldwell Banker United, Realtors - 850-377-4410)
Comments 0
Have you wondered, "When can I buy a house again"?  This is a great post on the timeframes of buying a home after foreclosure, short sale and bankruptcy.  Are you in the process of looking at owning a home again.  You can search the Pensacola MLS for all of your real estate needs. Fanni...
By Patricia Kennedy, For Your Home in the Capital
(Evers & Company Real Estate, Inc.)
Comments 10
Whitney does a wonderful job of explaining the problems you can get into trying to defend your credit!  And I sure never understood how this whole thing works.   Why Do Credit Disputes Have to Be Removed Before My Mortgage Can Be Approve? This post has been a draft for almost a month, but I just ...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 4
FHA Condo Approvals – Ask Mr. Condo Bob Gourley is Mr. Condo.  He is the Chair of the Public Relations Board of the Connecticut Chapter of CAI.  His Ask Mr. Condo site is a place where folks can go and ask questions about anything condo.  It is a fantastic resource for condo and other community a...
By Bill Ladewig, Experience Is Your Advantage
Comments 1
MORTGAGE INTEREST RATE LOCK ADVISORY July 30, 2014, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 7 Day Close Mortgage Interest Rate lock or Float Advice: NUETRAL The price for 3.50% Mortgage Loans based on MBS is currently up 0.41 point. 30 Day Close Mortgage Interest Rate Lock or ...
By Michael Regan, Home Loan Extraordinaire
(The Regan Team Home Loan Group)
Comments 1
Fannie Mae regularly updates their guidelines and in the upcoming release there are changes to when a borrower can purchase a home after short selling or letting their home go into foreclosure.  Below are the changes: Deed-in-lieu of Foreclosure: 2yrs from completion date with max loan to value o...
By Thomas J. Nelson, Realtor, Connecting Good People with San Diego Lifestyle!
(Coldwell Banker Residential Brokerage)
Comments 2
Time to Reduce Your Mortgage Payment on your Home Loan?   If when you purchased your home, you put less than 20% cash down, your lender required (PMI) Private Mortgage Insurance, which is a % based-fee of your principle loan amount. You can reduce your mortgage payment because you can cancel you...
By Nevin Williams, Raleigh Mortgage Pro
(Sierra Pacific Mortgage Raleigh)
Comments 0
Mortgage rates were higher today mainly because of one sentence from the FOMC: “The likelihood of inflation running persistently below 2 percent has diminished somewhat”.  Looks like the American economy is showing signs of stability and inflation may become an issue in the near future which caus...
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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 2
   Connecticut Housing Finance Authority (CHFA) FHA vs FHA Mortgage Program.  The Connecticut Housing Finance Authority (CHFA) is the premier First Time Homebuyer mortgage program in Connecticut, and recently introduced their new Connecticut Housing Finance Authority (CHFA) HFA 3% Down Conventio...
By Whitney Watson
(First Home Mortgage)
Comments 6
Why Do Credit Disputes Have to Be Removed Before My Mortgage Can Be Approve? This post has been a draft for almost a month, but I just couldn’t figure out the best way to present the topic.  However, at lunch with a few realtors yesterday, I heard a story that really highlights the importance of ...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Retired Real Estate Broker, Maryland Blogger)
Comments 2
Recommendations Mortgage loan professional Joe Petrowsky has some good advice for those that wish to have many recommendations. Ask for them! Please go to the original blog if you wish to leave comments. “Recommendations”   I recently wrote a blog about how I use Linkedin and specifically about r...