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 79
“10 Years After Being Fired”   Life is often strange with many twists and turns. 10 Years ago a Realtor notified me by email that even though I had done a preapproval for a client, that the client was going somewhere else for the mortgage.   I told her that is fine, but will need to follow up wit...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 31
“80% of Lenders will NOT Consider Doing Non-QM Loans”   I have carried on many conversations with lenders, banks, credit unions and mortgage companies about Non-QM loans. Many say they will never do these kinds of loans, for a number of reasons, which is great for me. They are offering the right ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 16
Market Conditions In Connecticut - A Loan Originator's View.  This month Dick Greenberg presents an interesting challenge "The Real Estate Market - A Challenge", for those of us who are not Realtors/Agents and do not have access to data on the MLS.  For us our opinion of what market...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 45
“The Tattoos Kept Distracting Me”   I was doing a mortgage application the other day, the gal sitting across from me was ONE BIG Tattoo. I kept getting distracted, as my mind was immediately attempting to figure out what some of the tattoos were. I was truly struggling and had to stop.   I apolog...
By Patricia Feager, MBA, GRI, Cert Negotiations Expert, Military Relo Prof, The Little REALTOR® That Could
(Keller Williams Realty)
Comments 31
    On August 14, 1935 the Social Security Act was signed by President Franklin Delano Roosevelt. Under the law, only primary workers were eligible for paid retirement benefits. The law was changed in 1939 to include survivor benefits and benefits for retiree's spouse and children.   In the y...
By Nevin Williams, Raleigh Mortgage Pro
(Sierra Pacific Mortgage Raleigh)
Comments 2
Current Mortgage Rates – Mortgage rates don’t change but the cost to get the rate you want does.  This is called “pricing”.  If pricing gets worse and you don’t want to pay extra money to get the rate you want then essentially a higher rate would cost less.  So again, rates don’t change, pricing ...
By Tom Gilliam, Tom Gilliam
(Re/Max Classic)
Comments 26
To Pay or Not to Pay : Among the first things people ask when shopping for a mortgage loan is: What’s the interest rate? The answer is often a percentage rate with points—for example, 4.5% plus 2 points. Here’s what those points are all about. A loan discount point is equal to 1% of the loan amou...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 32
“Quoted in RisMedia, thanks to Suzanne De Vita”      http://blog.rismedia.com/2014/mortgage-strategies/ Married to Your Mortgage? Strategies to Pay It Off Sooner | RISMedia's Housecall Every homeowner has mortgage payments on the brain. Whether it’s a 15- or 30-year term, standard, fully amor...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 39
“Know What You are Good At”   I referred a client recently to a bank for a construction loan, a 2.5 million dollar construction loan. Could we have done it, maybe. We currently have one construction lender that we started using, but most lenders have been out of this part of the market.   I have ...
By Jimmy Van Smith, Mortgage Loan Consultant
Comments 2
If you are buying a home in Texas, get a "Conditional Qualification" (Form A). It's not called a prequalification anymore. If you want more detail about the form read my latest blog about the differences between Form A and B:   http://activerain.trulia.com/blogsview/4457939/making-a...
By Jimmy Van Smith, Mortgage Loan Consultant
Comments 1
What's the difference between an approval and qualification to buy a home? This is a hot topic in the mortgage industry in North Texas. With low inventory and multiple offer scenarios, before an offer is accepted, a solid buyer is desired. I believe that vocabulary and knowing what work the l...
By Whitney Watson
(First Home Mortgage)
Comments 7
I’ve previously written about First Home Mortgage’s FHA renovation loan product, the 203k: Found a Diamond in the Rough? Finance Your Home Purchase and Renovation Costs in an FHA 203k Loan 203k: Timeline and Troubleshooting While this is a great product, if you are able to come up with a 5% down ...
By Nancy Moeller
(Seven Gables Real Estate)
Comments 0
 The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year.According to a recent article in Kiplin...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 3
With no economic reporting today stock traders reacted Lowe's lowered earnings forecast and Target reduced profit expectations.  This set stocks off to a slow start.  What traders were really waiting to see, however, was the minutes of today's Fed Open Market Meeting.  When they reported ...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY August 22, 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 0.11 point. 30 Day Close Mortgage Interest Rate Lock o...
By Whitney Watson
(First Home Mortgage)
Comments 6
If you are looking for an FHA approved condo in Chesterfield or Midlothian Virginia, there are some great options out there.  Just like I mentioned in my blog post regarding FHA approved condos in Richmond Virginia, you will want to start with looking at the list of FHA approved condos in Chester...
By Steve Reed, Steve Reed Branch Manager | Benchmark Home Loans
(Benchmark Home Loans)
Comments 0
U.S. Federal Reserve Chair Janet Yellen spoke this morning from Jackson Hole, WY. She said the U.S. is getting closer to the Fed objectives, but it is still hard to gauge the labor market slack. With a rise in involuntary part time workers, unemployment numbers could be more cyclical. While econo...
By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Comments 4
Each and every week, there are things going on that impact housing news and the real estate market. Sometimes there are big changes to federal and state policies that impact the distressed property world. Other weeks, there is business news and distressed property news about government programs f...
By Aaron Norris, MBA, APR, Hard money lending and real estate investments.
(The Norris Group Hard Money Lending)
Comments 0
California hard money loan closed in Victorville, California. California trust deed at $80,000 at 8% on Victorville investment property. See more at http://ow.ly/ADeUO For more information about The Norris Group's California hard money loans or our California Trust Deed, investments, call our...
By Phil Donnellan, Your Trusted Long Island Agent
(Regional Real Estate)
Comments 1
Mortgage professionals needed for Loan Modification Agency! Call Phil at 917-751-5886