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 Valorie L. Ford, Valorie Ford & Co, Charlottesville/Albemarle Real
(Keller Williams Realty)
Comments 1
A survey conducted by The Pew Charitable Trusts shows that half of Americans (49%) do not feel financially secure at this time. It took place from November 6th to December 3rd of last year and the actual number of respondents was 7,845. Many of the people surveyed stated that they spend all of t...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY March 3, 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: 2-26-15: 3.80% - Up 0.04 Point ...
By Alan Gross
(PrimeLending, A PlainsCapital Company)
Comments 0
It's Coming - Are You Ready? The Consumer Financial Protection Bureau (CFPB) has changed mortgage disclosures used at real estate settlements. The new forms go into effect on August 1st. According to the CFPB "Mortgages are complex transactions that may include risky features. Consumers currently...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 11
When you work with buyers, these documents are very important - and have their own significance. They are different - and in this informative re-blog George Souto goes over the differences. A Mortgage Pre-Approval Process is a process a Borrower goes through in order to determine the price home t...
By Lynn B. Friedman, Timesaving Strategies for Atlanta Sellers & Buyers
(Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- Concierge Service)
Comments 8
Dear Readers -   GEORGE SOUTO from Middletown, CT teaches us with every post he wries about Mortgages. His local event posts are interesting as well.   Agents ask prospective Clients if they have their "Mortgage Letter" and then the prospective Client asks, "What is that?" Here George offers a CO...
By Bill Kamboukos
(Strategic Mortgage)
Comments 0
Recently we have seen an increased demand for clients looking to purchase condos. The important thing to remember however that financing for condos is different than that of single family residence homes. In today's market, in order to finance or refinance a condo, the property needs to fall int...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
  We purchased our first home and got our mortgage through David.   We were a few months away from our wedding when we started the process.  Needless to say we were expecting it to be a decision we may be regretting as the wedding got closer however we were shocked at how easy and effortless Davi...
By Mike Young, FHA 203k Consultant 707-812-7668
(203kOnLine.com, covering California & most other states)
Comments 0
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 Karen Schimpf
(Commercial Capital Ltd.)
Comments 5
This borrower had 5 condos in a condo community, what is called a fractured condo. In other words, he did not own all the condo’s in the complex-just a hodgepodge of them. We did a blanket loan on the 5 condo’s and got a huge assortment of debts refinanced freeing up his balance sheet and improv...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY March 2, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  FLOAT With Caution 7-15 Day Close: FLOAT With Caution 16-30 Day Close: FLOAT With Caution MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 2-26-15: 3.80% - ...
By Steve Vondran, Real Estate Lawyer
(The Law Offices of Steven C. Vondran, P.C.)
Comments 27
Hi again, this post provides general legal information that every real estate broker and agent in the United States should be aware of.  I will be discussing the recent UNANIMOUS United States Supreme Court decision in the case of Jesinoski v. Countrywide Home Loans  If you are the kind of person...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 20
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 such feature Borrowers need to be aware of in a rising interest rate market is if the mortgag...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 34
“Looking for New Business and Forgetting About Past Clients and Referral Partners”   I admit it, I have to keep reminding myself. This has happened before, so when it happened yesterday, it was a good reminder.   One of my referral partners is an insurance agent, he and I have sent business back ...
By Fred Griffin, Licensed Florida Real Estate Broker
(Frederick Griffin, Licensed Real Estate Broker)
Comments 9
     Wow!  Attorney (and Licensed Real Estate Broker) Steve Vondran gives an amazing discussion regarding, "What happens when a Borrower rescinds their mortgage loan under Federal Truth in Lending Act ('TILA')?"        Lawyer Steve makes the case that:      "When someone rescinds or cancels their...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 42
“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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 30
A Mortgage Pre-Approval Process is a process a Borrower goes through in order to determine the price home they will be able to qualify to purchase.  Once a Borrower has gone through this process with a qualified Mortgage Loan Originator, the Loan Originator will provide them with a letter which ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 39
    “Yes, it Closed, In Spite of the Arrest”     http://activerain.trulia.com/blogsview/4517322/-my-client-was-charged-with-12-counts-of-larceny-     Many have asked me to let you know what happened with this transaction. I’ve included the original post. The commercial transaction closed, the loa...
By Nicole Doty - Gilbert Real Estate Expert, Broker/Owner of Zion Realty ZionRealtyAZ.com
(Zion Realty)
Comments 4
  This post should have a thousand comments on it by now. It is a little long but packed full of great information that I think every agent should be aware of if you weren't already. I think this ruling regarding the Truth In Lending Act has huge future implications if homeowners are allowed to s...
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 Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed down 38 basis points today at 101.53 having remained below the critical level of resistance offered by the 50 day moving average.  With inflation almost at 0 one would have thought today would have been a good day for bonds.  An alert to lock was sounded sh...