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 Bob Crane, Forestland Experts! 715-204-9663
(Woodland Management Service)
Comments 1
It has been another busy week of blogging in the rain this week with plenty of great posts to share, I hope that you enjoy the few that I do share! I encourage you to take a few minutes each week to share some of the gems that you come across, people will appreciate the support and you may even g...
By William J. Archambault, Jr.
(The Real Estate Investment Institute )
Comments 13
Standing Before The Bar / Why We Hate Applying For A Loan    I was 21 and out of the Marine Corp just ten days when I went to work for a small loan company, a week later I was making loan decisions affecting peoples lives. Just two weeks more and I was in the field making collection decisions tha...
By Mike Young, FHA 203k Consultant 707-812-7668
(203kOnLine.com, covering California & most other states)
Comments 1
Would you believe I'm about to turn 67 years old in a few weeks? I cannot believe it. My mother passed away at 54 years of age. Let's get back to the topic of today. We have an outstanding loan officer who is specializing in the 203K and located in the Roseville California area. She is Sh...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 33
In my blog the "Loss Mitigation Road To A Short Sale" about a work shop I attended this week on Loss Mitigation and FHA Short Sales, I mentioned that up until attending this workshop I was under the impression a homeowner who wanted to do a Short Sale on their property was able to apply...
By Thomas J. Nelson, Realtor, Connecting Good People with San Diego Lifestyle!
(Coldwell Banker Residential Brokerage)
Comments 3
  *42% of Americans surveyed, stated the #1 debt they want to pay off/ eliminate is their mortgage.     The largest single debt most Americans carry is their Deed of Trust (CA) or Mortgage for their home loan and 42% of those Americans want to pay them off first and faster than the scheduled ter...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
“What to do When You Can’t Get a Credit Report Corrected”   I tell my clients to go online to access the laws that deal with these issues:www.ftc.gov  then check out the Fair Debt Collect Practice Act (FDCPA).   Three months out diligent calling and email the creditor and credit bureaus these pro...
By Liz Lockhart, GRI, Cape Girardeau Real Estate
(Riverbend Realty, Cape Girardeau, MO)
Comments 4
The distraught divorcee phoned to inquire about her ex's foreclosed house, which I had listed and under contract. She wanted detailed information on the foreclosure of the house. Turns out, she was not on the deed, thought they had agreed that he would "get the house," and believed...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 18
“Why Should I Use a Realtor to Sell My Home?”   Unfortunately more home sellers are asking this question. They bring up Zillow and Trulia as ways to circumvent having to pay a Realtor, which is absolutely crazy. The truth is home sellers don't save anything, as a matter of fact they more ofte...
By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Comments 1
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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 10
In my blog the "Loss Mitigation Road To A Short Sale" about a work shop I attended this week on Loss Mitigation and Short Sales, I mentioned that up until attending this workshop I was under the impression a homeowner who wanted to do a Short Sale on their property was able to apply for...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 2
Mixed Use Condominium Exception Requests for FHA Condo Approval Mixed-use condominium projects may be eligible for an FHA condo approval if they meet these two basic requirements: ·        The total floor area of the non-residential space is 25% or less (calculations must be provided) and ·      ...
By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Supreme Lending )
Comments 0
What Factors go into a Mortgage Loan Approval?   When contemplating the issuance of a mortgage approval – or mortgage commitment, as it is referred to by some lenders – the bank/lender takes several things into consideration. Among these things are details relating to the property: Value, conditi...
By Tammie White, TW Realty Group, Franklin TN, South of Nashville
(Benchmark Realty, LLC (615) 495-0752 or www.TWRealtyGroup.net)
Comments 2
When you find something has been reported incorrectly on your credit report, there are ways to get them corrected. It may take some time and effort but it will definitely be worth it in the end. It may even be necessary to file a complaint as the couple below did. Do whatever it takes. It will be...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Retired Real Estate Broker, Maryland Blogger)
Comments 3
Some Wait for Things to Happen, Others Make Things Happen Now is a very good time to resolve to make things happen this summer. Thanks to mortgage loan professional Joe Petrowsky for another outstanding blog. Please go to the original blog if you wish to leave comments. “Some Wait for Things to H...
By Bruce Reichstein, VA Home Loan Expert +26 yrs - www.VALoans.com
(VALoans.com - Mortgage Banker - RE Agent Trusted Lender)
Comments 3
A reader asks, "I currently have a VA loan (Mortgage) however, I am planning to purchase a second home in another state. My question is: am I still eligible to VA benefits towards the second home and if yes what are they?" The answer to this reader question depends on a number of varia...
By Barbara Mooers, 253-278-6389 HomeLoans;VA Loan-Specialist WA State
(Primary Residential Mortgage, INC)
Comments 96
You have done the hard part in the house buying process and chosen a lender and a real estate agent to work with.  You have also gone out and found the home of your dreams!  Best of all, your team has done a great job of negotiating the best deal for you.   Now, as a buyer, all you have to do is ...
By Thomas J. Nelson, Realtor, Connecting Good People with San Diego Lifestyle!
(Coldwell Banker Residential Brokerage)
Comments 2
Time to Reduce Your Mortgage Payment on your Home Loan?   If when you purchased your home, you put less than 20% cash down, your lender required (PMI) Private Mortgage Insurance, which is a % based-fee of your principle loan amount. You can reduce your mortgage payment because you can cancel you...
By Maria Gilda Racelis, "Your Goal, My Goal. We Can Make it Happen."
(Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington)
Comments 6
One of the many challenges of individuals who are trying to obtain and acquire their own home is dealing with the companies to get their collections or accounts on the report corrected.   This becomes daunting especially for first-time buyers.   The following blog from Joe Petrowsky gives the con...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 12
This week our Loss Mitigation Department presented a Workshop on the Loss Mitigation Process so other department are more aware of the process from start to finish.  I attended the workshop because I wanted to have a better understanding of the Loss Mitigation Road To A Short Sale. Even though I ...
By Whitney Watson
(First Home Mortgage)
Comments 1
Why Do Credit Disputes Have to Be Removed Before My Mortgage Can Be Approve? This post has been a draft for almost a month, but I just couldn’t figure out the best way to present the topic.  However, at lunch with a few realtors yesterday, I heard a story that really highlights the importance of ...