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 Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
(Movement Mortgage)
Comments 1
Preapproval letters in Greenville SC Preapproval letters in Greenville SC If you’re spending time with prospective homebuyers who can’t actually qualify for a home mortgage, you’ve wasted your time and lost out on potential income. Wouldn’t it make more sense to concentrate your efforts on helpin...
By Paul Antonelli, Broker Owner ; Antonelli Realty
(ANTONELLI Realty)
Comments 1
If you enjoyed reading the post please give it a LIKE, every little bit helps. Thank You. In Obama's first term, 2.018 million private sector jobs were created. That total beats both of W's terms, and Bush Sr.'s only term, but doesn't come close to the over 10 million jobs created in each of Clin...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY March 6, 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: 3-5-15: 3.75% - Down 0.05 Point...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 17
    “Non-Warrantable Condos” I get calls and emails all the time about non-warrantable condos and if we do them. Once and for all, yes we do them. The biggest issue for the lenders we work with is not the number of owner occupied units verse non-owner occupied units. It is the reserve percentage ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 21
“I Don’t Care What the Rate is Going to be, I Want OUT of My Current Mortgage Servicer”   This client was so upset with her mortgage servicing company (Ocwen), that she told me I just want out of my current mortgage to get away from them. They have been the loan servicers for 2 years.   Her loan...
By Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent
(Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional, 931-920-6730)
Comments 21
This is just a word to the wise that not everything you hear on TV or presented with a familiar or pretty face is in your best interest. Reverse Mortgages have their place but many times are not the best option for the borrower. Talk with a reputable mortgage lender and have all the details expla...
By Melvin List, Purchase Specialist
(American Mortgage Services)
Comments 1
Fannie Mae now offers the My Community Mortgage. The program has been rolled out as an affordable financing option to serve low to moderate income borrowers. The program is for first time home buyers. Fannie Mae defines first time home buyers as anyone who has not owned a home in the last 3 years...
By Nick and Cindy Davis, CRS,CIAS,ALHS,e-PRO,CDPE,SFR,Realtor(R)
(RE/MAX Premier Group)
Comments 1
Which One Fits You Best?Mortgages aren't a one-size-fits-all product. Here’s how to determine which of these options will look best on your budget. http://bit.ly/Arms-Fixed-Rate-Mortgages 
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 Robert Clapton
Comments 71
We have direct provider for BG/SBLC/LC from top AA rated banks in the world. HSBC London or HongKong ETC our leasing fee is 6+2 Genuine brokers and Borrower only. Please contact Mr Robert Clapton Contact: Email:  robert.clapton@rocketmail.com  Telephone: +44-777-650-6313 
By Jack Tenold, Reverse Mortgage Specialist Washington | Oregon | California - refinance & purchase, Reverse Mortgage Specialist
(First Priority Financial NMLS 3257 )
Comments 0
Oregon Seniors and Reverse Mortgage Changes - coming fast!  Big changes are looming over the horizon for Oregon's senior homeowners who are considering a reverse mortgage.  Fortunately, Oregonians are not being singled out. The changes apply across the country.   My advice:  Get started today.  C...
By Mike Young, FHA 203k Consultant 707-812-7668
(203kOnLine.com, covering California & most other states)
Comments 4
How can I close my renovation loan faster? What is it that takes a 203k or renovation loan so long to close escrow? The short answer is that everyone in the transactions is looking at the consultant, emailing and calling, distracting the driver so to speak. It is like a magician, lets take your e...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY March 5, 2015, 7:45 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: 3-5-15: 3.75% - Down 0.05 Point...
By Doug Jones, Mortgage Broker - NMLS 286668
(Mortgage Magic)
Comments 0
Do you know if you are a Realtor or Loan Officer that the banks can and do discriminate against you for credit applications?  The Equal Credit Opportunity Act prohibits a creditor from refusing to grant credit because of your:   race or color national origin sex marital status religion age public...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 34
“Five Weeks for You to Get me a Mortgage”   A couple of months ago a Realtor referral partner referred a prospective buyer to me. We carried on a 5 minute conversation, got some basic information and I was asked how long before I could get a mortgage completed. I told him that based on the type o...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 20
As I stated Monday in the first blog of this two blog series on Mortgage Assumption Options, with more and more predictions of the interest rates rising later this year, it is important Borrowers are aware of the different features associated with the mortgage program they are applying for.  One...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 33
“It is Never Fun Telling Someone that They Can’t Afford their Dream House”     I met with clients to get them pre-qualified for a mortgage, not just any mortgage, but one that would purchase their dream home. Being a numbers guy, I will review the numbers and often the numbers beyond the numbers...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 46
“Seniors Beware”I have had clients contact me, asking if they should get a reverse mortgage. They often talk about an ad they saw on TV, hosted by Robert Wagner, Fred Thompson or some other notable spokesperson. I have often wondered if they would get a reverse mortgage themselves. The stories ar...
By Bill Kamboukos
(Strategic Mortgage)
Comments 1
For the self-employed borrower that does not receive a regular pay check stub, in recent years the only way to qualify for a home loan, has been to use full tax returns. However, with this new program, for someone who does not want to go that route, a new option is available.   Program Basics – ...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed up 6 basis points today at 101.34 having remained just above support offered by the 100 day moving average.  There was little action in the bond pits today as traders await tomorrow's federal jobs report.  After recent setbacks, traders are hoping for a jol...