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 John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 48
Here a Rush, There a Rush, Everywhere a Rush, Rush          Volume is up.  That means turntimes are up.  Along with stress levels.  Deadlines are approaching everywhere.  The only thing that typically doesn't go up when volume goes up is levels of customer service.  And I don't care if the BBB an...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
  If you are looking for a FHA 203k mortgage in Texas, you have come to the right place.  The FHA 203k is a mortgage aimed at financing in the improvements to the property into your loan.   This is perfect for homes that otherwise would not get financed due to work that needs to be done.  Or poss...
By Bill Ladewig, Experience Is Your Advantage
Comments 1
MORTGAGE INTEREST RATE LOCK ADVISORY March 26, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  LOCK  7-15 Day Close: FLOAT With Caution 16-30 Day Close: FLOAT With Caution MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 3-19-15: 3.69% - Down 0.09 Po...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 36
“$200,000 in the Bank, $80,000 Car with no Debt”   The best part is two years of tax returns that show about $6,000 in net income. He asked a great question, “Why won’t my bank give me a mortgage they know how much money goes through my checking account?”   Fortunately for me banks can’t lend to...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 47
                                 “I Hate Being Surprised by Unshared Information” I don’t usually ask if the home being purchased is a FLIP and no one mentioned it, Neither Realtor or the buyer (my client). We didn’t find out until the title work came back from the attorney. The property was purc...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 12
“This Short Video Will pull at Your Heart Strings”   https://www.youtube.com/watch?v=3bdm4NBYxII       What immediately came to mind was, how many in this country that are unemployed or under employed that feel shame, have fear and feel helpless but think about the children. How do they feel?   ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 35
 “The Big Question I Ask Self-Employed Borrowers”     What kind of yearly income do you earn? What I’m looking for is the net that you pay your taxes on, not gross revenues. Many understand the difference but others do not. Often before I get the answer clients will go through this story about ho...
By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Comments 5
Lately, we are often asked what the timeline (or waiting period) is for homebuyers who want to borrow money but have recently been through a short sale, foreclosure, or even a bankruptcy. In the "good 'ol days," we did not get this question very often, as distressed home sales were usually limite...
By Lori Ballen, Digital Marketing Strategist
(The Ballen Group Real Estate Network, The Ballen Method)
Comments 1
Which Is Better - FHA or Conventional Loan? There's no one-size-fits all when it comes to real estate mortgages. For some borrowers a Federal Housing Administration-insured loan will win hands down; for others a conventional loan will trump all others in the race.That said, there are material dif...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 37
Debbie Reynolds re-blogged one of my blogs Fannie Mae Waiting Periods For Foreclosures And Short Sales last Thursday which reminded me I had not followed up with another blog on Fixing Credit After A Foreclosure Or Short Sale during the waiting period. In most cases going through a Foreclosure or...
By Beth Atalay, Cam Realty of Clermont FL
(Cam Realty and Property Management)
Comments 6
You Can Buy a Home Again after a Foreclosure or a Short Sale!If you went through a short sale or a foreclosure, you can buy a home again. There's however a waiting period and it takes some financial discipline. George Souto has written an excellent blog post that is a must read by all who were af...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 38
                                          “Denied Rental Application, but You Can Buy”A couple that had been denied a rental of an apartment, called me to see what they could do on their credit so that they don’t get denied the next time. The management company told them it was because of their c...
By Sarah & Les Oswald, Broker, Realtor, SFR, PMC and Investor
(Eastvale Team Realty & Property Mgmt)
Comments 1
During a purchase or sale transaction, all team players must put 100+ percent of their ability and effort in order to see all parties reach the closing table. One team player...the lender is usually the one who holds it all together. He or she has the power within its little finger. I can't imagi...
By Doug Kaller
(Academy Mortgage, Reno, NV)
Comments 0
Did you know that there are down payment assistance and first time buyer tax credit programs available for the purchase of 7591 Ambush Circle in Wingfield Springs? Listed by Doug Kendall, REALTOR® with Desert Diamonds Realty, 7591 Ambush Circle may be the home you have been looking for. 7591 Amb...
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 7
Market on the Hump - 3/25/15          Up, up, DOWN.  I've said it before, and I'll say it again until it's no longer true.  Rates go up faster than they go down.  We saw it again as rates improved over the past 2 weeks, to the point where we're once again near historic lows.  The week started off...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed down 38 basis points today at 102.78 having fallen through a stout level of support offered by the 50 day moving average.  Another robust level of support offered by the 25 day moving average rests just 16 basis points below.  Hopefully that support level w...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Markets are truly quite strange.  Oil prices which have been sinking for months due to masssive supplies causing a global glut, suddenly shot up this week.  Why?  Mostly due to fear that air strikes and fighting in the mid east might hamper their ability to harvest oil and thus put oil in greater...
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 Troy Evans, CinchHomeLoans.com NMLS 399255, 309441
Comments 0
Rate update for March 26, 2015.    30 Year Fixed Rate Conventional Loan 3.625% Rate, 3.625% APR, $1,459.36 P&I Payment, $73.00 TOTAL LENDER FEES 3.75% RATE, 3.75% APR, $1,481.97 P&I Payment, -$2,071.00 TOTAL LENDER CREDIT   15 Year Fixed Rate Conventional Loan 2.875% Rate, 2.893% APR, $2,190.67 P...
By Alan Gross
(PrimeLending, A PlainsCapital Company)
Comments 2
It's Been a Wild Ride. Are Mortgage Rates Heading Lower? Mortgage interest rates hit their year-to-date low in late January and early February. Since then they have been on an upward trend which accelerated late last week. Now we are starting to see a reversal and rates are starting to drop again...