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 0
Well, I hope you all had a wonderful July 4th weekend. We launched our new 203k consulting software for consultants and lenders and it wen't relatively smoothly. Just got off the phone with a couple users who indicate their early opinion is that it looks great... that is exciting. We apprecia...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 55
One of the misconceptions Homeowners as well as even some Real Estate Professionals have is that if a Homeowner goes through bankruptcy, the mortgage is discharged along with all the Homeowner's other debts.  The reason why Homeowners who have gone through bankruptcy a believe this, is becaus...
By Debbie Walsh, Hudson Valley NY Real Estate 845.928.8000
(Keller Williams Realty)
Comments 0
This is a post written by George Souto of Mccue Mortgage.  Many times homeowners are under the impression that bankruptcy wipes the slate clean of mortgage debt - NOT SO. One of the misconceptions Homeowners as well as even some Real Estate Professionals have is that if a Homeowner goes through b...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 1
Can Our Mixed Use Condominium Get Approved with FHA? Following my article in the Charlotte Observer on Saturday, a developer contacted me regarding an FHA condominium approval for his mixed use condominium building.  It is a 3-story building with 20 residential units on the top two floors.  The f...
By Bill Ladewig, Your FHA Guru - Closing Home Homes Since 1970
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY July 22, 2014, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 7 Day Close Mortgage Interest Rate lock or Float Advice: FLOAT The price for 3.50% Mortgage Loans based on MBS is currently up 0.10 point. 30 Day Close Mortgage Interest Rate Lock or Fl...
By Dale Bledsoe, Realtor in Tracy, California
(Crown Key Realty)
Comments 5
  As almost every Realtor, I have done many transactions in which the loan was guaranteed by the FHA. Most of the transactions went smooth, sometimes a touch slower that I would have like, but in every case the transaction was completed. All was well until the calendar flipped onto 2014.   Brief...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 11
“The Challenges of Paying Off a Private Mortgage”   Many turned to alternative ways to purchase real estate after experiencing a foreclosure, short sale and bankruptcy. Many have found lease option opportunities and others have found owners that were willing to hold the mortgage.   Alfred contact...
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 Marianne Bandy, CRS, GRI, Certified Negotiation Specialis
(Denver Homes - The Bandy Team - RE/MAX Pros)
Comments 0
Federal Housing Administration (FHA) borrowers may be able to lower their mortgage insurance premiums if they undergo credit counseling.  The new program, Homeowners Armed with Knowledge (HAWK), was unveiled in May and would allow borrowers who complete counseling before closing to receive a 0.5...
By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
Comments 0
The lending landscape is tighter than ever even though banks are showing record profits once again. I can understand why lending institutions are being cautious not wanting to fall into the same trap again, but someone has to tell them that they have swung the pendulum too far in the other direct...
By John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, FHA, 203(k), USDA, VA, Jumbo loans)
Comments 23
  2014 Loan Limits for Conventional & FHA Loans        For the calendar year 2014, it was recently announced that loans backed by Fannie Mae and Freddie Mac will maintain their current maximum loan limits with NO changes.  This is great news for the real estate industry as there was recently ...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Retired Real Estate Broker, Maryland Blogger)
Comments 3
Avoid Mortgage Loan Delays Mortgage loan professional George Souto has some good advice for mortgage borrowers to help them avoid delays or finding that they no longer qualify for the needed financing. Please to to the original blog if you wish to leave comments.   No matter how much time a Loan ...
By Trey McCallie, Experienced Real Estate Broker
(T/D & Associates Concierge Real Estate)
Comments 2
  Fifteen Will Get You Three   Freddie Mac chief economist, Frank Nothaft, says that affordability, stability and flexibility are the three reasons homebuyers overwhelmingly choose a 30 year term.  However, for those who can afford a higher payment, there are three additional reasons to choose a ...
By Mark Taylor Mortgages, 602-361-0707 #MarkTaylor #Awesomerates NMLS#207897
(and for 1st Time Buyers, Move Up Buyers & Investors )
Comments 0
Mortgage News For The Week Of July 21, 2014         Last week’s economic news offered a variety of indications that the economic recovery continues, but some readings missed their expected levels. The Philadelphia and New York branches of the Federal Reserve Bank reported higher than anticipated ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 35
“It Wasn’t Easy, but You Made the Difference”   No, it wasn’t easy. A past foreclosure and a past bankruptcy are not easy. These clients were referred by their BK attorney once the discharge was completed. I have coached many attorneys to refer clients early on so that I can start working with th...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 21
“Refinance or Student Loans?”   The parents told me their commitment to their two children was to pay for their college education. One was done and the other had two years left. There was $112,000 in existing student loan debt and they have already been paying nearly $600 per month and in two plu...
By Bill Ladewig, Your FHA Guru - Closing Home Homes Since 1970
Comments 0
  MORTGAGE INTEREST RATE LOCK ADVISORY July 21, 2014, 7:45 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 7 Day Close Mortgage Interest Rate lock or Float Advice: FLOAT The price for 3.50% Mortgage Loans based on MBS is currently down 0.24 point. 30 Day Close Mortgage Interest Rate Lock or...
By Marcia Goodman, A Realtor that meets your needs!
Comments 0
Congratulations on Your Decision to Purchase Your New Home! Purchasing a new home, whether it is your first home or not, can be an overwhelming experience! Here is my guide to help you through the mortgage process. Two important things that are required of you to make the loan process go smoothly...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 19
“Refinancing and Stop Paying Mortgage Insurance”   It is hard to understand why some keep paying mortgage insurance when they don’t need to, especially FHA mortgages. A while ago FHA changed their guidelines so that with the minimum down payment at the time of the purchase the mortgage insurance ...
By Christopher Ohlsen
(Plattsburgh Mortgage Company)
Comments 4
This May Go without Saying but it does Bear Repeating It is imperative that when you are in the process of obtaining a mortgage loan that you do not incur new debt. It is even better if you don’t even have your credit pulled at all. See the image below? (Screen shot of note on the bottom of an ac...