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 75
“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 Tom Gilliam, Tom Gilliam
(Re/Max Classic)
Comments 3
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 31
“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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 16
Joan Cox wrote a blog yesterday titled "When Listing A Home Is Not The Best Choice".   Her blog made me think of the number of Borrowers I meet with who are selling their home, and are surprised to find out the full difference between the Selling Price, and what they still owe on the ho...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 5
“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 Whitney Watson
(First Home Mortgage)
Comments 1
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 Rich Hirsch, VP of Mortgage Lending
(Guaranteed Rate)
Comments 0
HomeStyle Renovation Loan: What You Need to Know https://www.guaranteedrate.com/resources/homestyle-renovation-loan-what-you-need-to-know     Rich Hirsch Vice President of Mortgage Lending rhirsch@guaranteedrate.com www.guaranteedrate.com/richardhirsch o: 732.424.3610 - m: 908.410.9066 - f: 773.3...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 2
Conventional 30 year Mortgage: 4.25% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.59% FHA 30 year:4.125% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.67% 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 ar...
By Mike Rankin, Mortgage Consultant
(Right Trac Financial Group, Inc. NMLS # 2709)
Comments 2
You have have heard of it... No PMI (Mortgage Insurance) with only 5% down.   Is it true and does it work? Yes and yes!    Typically, when you put 5% down on a Conventional Mortgage loan you are paying mortgage insurance that is ordered via the bank and paid in your monthly mortgage payment.  Hen...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY August 20, 2014, 7:45 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 7 Day Close Mortgage Interest Rate lock or Float Advice: LOCK The price for 3.50% Mortgage Loans based on MBS is currently up 0.14 point. 30 Day Close Mortgage Interest Rate Lock or F...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
“Article Says, Refi Boom is Officially Over”   The author must be on a different planet. The so called refi boom has been over for at least two years, if not longer in many parts of the country. That doesn’t mean that we are not doing refinance transactions every day.   There are still many homes...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 34
  “Video, a Whole New World for Me”   I have been working with Video guru Kyle Reyes. Kyle is an active blogger and does some outstanding video work. Kyle worked with me doing videos on two entry level homes that we just completed and are now putting on the market.   During the course of doing th...
By Dennis Dahlberg
(Level 4 Funding )
Comments 1
What kind of Arizona Hard Money do I want?     There are two different kinds of Arizona hard money that is available to you. Both are exceptionally similar, but they each have different benefits to the borrower. The two types of Arizona hard money are Hard money lender Arizona and private money l...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 1
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 Jason Potrzeba, Private Money & Commercial Mortgage Broker - MA/RI
(Acadia Advisory Group LLC)
Comments 3
This blog post was originally titled "Private Money in Action" however when I was posting the following pictures it occured to me that this lead and eventual closing came to me through Activerain. Pretty cool.   Anyway, telling the story with words is one thing. Sometimes it's nice ...
By Steve Reed, Steve Reed Branch Manager | Benchmark Home Loans
(Benchmark Home Loans)
Comments 0
The Mortgage Bankers Association reported that its Market Composite Index, a measure of total loan application volume, rose by 1.4% in the latest week as home loan rates continue to hover near 12-month lows. However, the purchase index fell by 0.4% and continue to disappoint with low numbers desp...
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 David Kosmecki
(Mortgages Unlimited)
Comments 0
Is it always the best idea to pay off a mortgage over 30 years? While it may help a homeowner lower his or her monthly payment, it can mean paying more in interest and waiting several more years to build sufficient equity in the home. The question is...how can a homeowner reduce the amount of tim...
By Whitney Watson
(First Home Mortgage)
Comments 5
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 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 San Bernardino, California. California trust deed at $105,000 at 12% on San Bernardino investment property. See more at http://ow.ly/AycaV For more information about The Norris Group's California hard money loans or our California Trust Deed, investments, ...