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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 11
Supporters of the Dodd-Frank Act of 2010 are crying foul and claiming  Lenders have just dodged a bullet, but Have Lenders Just Dodged A Bullet, Or Was It Borrowers?   The answer to this question depends on a few things. Your understanding of the Lending Industry, and their present risk. Are you ...
By Randy Kirsch, (NMLS# 1012303)
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 16
I was recently directed to an article on Bankrate.com that was said to be a "great" (or similar words) explanation of the difference between "Interest Rate" and "Annual Percentage Rate".  The article explained that, "{t}he interest rate is the cost of borrowing the principal loan amount...."  The...
By Ed Silva, Central CT Real Estate Broker Serving all equally
(RE/MAX Professionals, CT 203-206-0754)
Comments 31
Appraisal not done early is confusing and questionable. I need help from the Community because of a change in my area to the mortgage process. I am acquainted with the process, once a contract has been started of getting to the lender, and having the buyer start the process and submit their docum...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 16
Lender Won’t Close the FHA Condo Loan We have discussed in a previous article that an FHA condo loan can still close even if the condominium’s FHA approval has expired.  That is provided, however, that the FHA case number was assigned to the loan prior to the expiration of the approval.  The lend...
By Randy Kirsch, (NMLS# 1012303)
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 0
I recently read a case entitled, Sumner v MERS.  It was a case involving a refinance of a mortgage in Massachusetts, and was heard before the federal district court in Massachusetts.  In Massachusetts, according to the case, they have a state law that is very similar to the federal TILA as do mos...
By Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
(Movement Mortgage)
Comments 0
VA Loan in Myrtle Beach SC  Designed for both active duty military and honorable discharged Veterans, Myrtle Beach South Carolina VA Loan is one of the best mortgage loan programs available today. Here are some of the main features of this great program: - Zero Down Payment, 100% financing. - No ...
By Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
(Movement Mortgage)
Comments 0
VA Loan in Beaufort SC  It is one of the best mortgage loan programs available today. The Beaufort South Carolina VA Loan for both honorably discharged vets and active duty military personnel and if you want to know more about its features, read on. Here are the features of a VA loan program: Zer...
By Justin Fitzhugh, Mortgage branch opportunities in 47 states
(Nations Lending Corporation)
Comments 0
- Qualifying a Borrower Earlier this week Fannie Mae releases Lender Letter LL-2014-05 announcing the suspension of Maryland Housing Fund as an approved mortgage insurer.   The company has not actively provided single-family mortgage insurance coverage for loans to be delivered to Fannie Mae for ...
By Justin Fitzhugh, Mortgage branch opportunities in 47 states
(Nations Lending Corporation)
Comments 1
The Consumer Financial Protection Bureau finalized a rule that allows financial institutions to use an alternative delivery method to provide annual privacy notices through posting the annual notices on their Web sites if they meet certain conditions.    Now, financial institutions may use the al...
By Ginny Gorman, Homes for Sale in North Kingstown RI and beyond
(Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate)
Comments 8
Pay off Your Mortgage or Earn More than the Interest Rate   I am dealing with homeowners in RI who have money sitting in the bank earning .02% or not very much.  They ask me what am I to do to invest it? Should I buy more real estate? Well I am a RI real estate agent and not a CPA or accountant s...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 17
“I Wasn’t Able to Get These Folks a Mortgage”   I wish I was successful 100% of the time, that will never happen, but I will always give 100% effort. It was rewarding to receive the email below for the folks I couldn’t get a mortgage for. It made me feel a little better.     DEAR JOE,   BOB AND I...
By Henry J. Daniels - Woodlands Texas Home Loans, Construction, Conv, VA, FHA & USDA Home Mortgages
(Henry J Daniels www.WoodlandsMortgageBank.com (936) 228-1944)
Comments 1
A home Construction loan otherwise known as an Interim home Construction Loan is an easy way to get the home of your dreams.  No more are you stuck in a cookie cutter tract home subdivision that has as much personality as a cardboard box.  Instead you can start with the blank sheet of paper and ...
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 Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
(Movement Mortgage)
Comments 0
VA Loan in Conway SC       Both honorably discharged vets and active duty military personnel are eligible for a Conway SC VA Loan which is considered to be one of the best home loan programs available today. Here's how to qualify for a VA Mortgage Loan in Conway SC: The first step is to verify yo...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 30
On January 10th of this year the new Consumer Finance Protection Bureau (CFPB) Qualifying Mortgage (QM) Rules went into effect.  Since these rules have gone into effect the CFPB QM "Ability To Pay" Rule Has Been Creating New Issues. The first signs of trouble came early on with the "Ability to Pa...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 4.125% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.39% FHA 30 year:4% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.47% Conventional 15 year:3.375% Credit score:740 LTV:80% Loan Amount:$200k APR:3.52%   Rates are Subject to Change Call me today if you are...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 59
“Credit Report Shows a Vehicle Charge Off”   This is what showed up when I ran a credit report. The prospective borrower told me she has contacted the creditor many times and the answer was the same. We will not discount the debt, pay us the balance we show as due. She always asked can I get an a...
By Bill Ladewig, Experience Is Your Advantage
Comments 1
MORTGAGE INTEREST RATE LOCK ADVISORY October 29, 2014, 7:30 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close: FLOAT 7-15 Day Close: FLOAT 16-30 Day Close: LOCK The price for 3.50% Mortgage Loans based on MBS is currently Up 0.07 point. Bond rates have traded nearly unchanged f...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 20
“Mortgage Brokers Under Attack Again?”   I used to love to hear how the mortgage broker community caused the housing crash a few years ago. I love how much power we have or wish we had. This topic has been brought up to me many times and I would always ask if mortgage brokers created the loan pro...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY October 29, 2014, 11:30 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close: LOCK 7-15 Day Close: LOCK 16-30 Day Close: LOCK The price for 3.50% Mortgage Loans based on MBS is currently Up 0.17 point. Bond rates have traded nearly unchanged fo...