Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
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Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
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Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
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Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
How the New Reverse Mortgage Option Can Keep You in Your Home
If you or someone you know is struggling to make ends meet in their golden years, the new reverse mortgage option might provide the right solution.
As a member of the Top 5 in Real Estate Network®, I, along with my team, are committed to providing our clients - and consumers in general - with the latest updates and programs coming out of Washington, such as the FHA's (Federal Housing Administration) new, modified version of its Home Equity Conversion Mortgage (HECM) product, available on or after Oct. 4.
According to FHA, the HECM loan is a reverse mortgage that enables older homeowners to utilize the equity in their homes to cover everything from living expenses to health care costs. The loan allows homeowners to do this while remaining in their home, without having to make the mortgage payments traditionally associated with an equity loan.
FHA's HECM Saver is a second reverse mortgage option for the purpose of lowering upfront loan closing costs. HECM Saver will have an upfront premium of only 0.01% of the property's value. This is ideal for homeowners who want to borrow a smaller amount than generally associated with an HECM Standard loan, where the upfront premium will remain at 2%. According to FHA, under the HECM Saver option, borrowers will receive approximately 10-18% less than they would receive under the HECM Standard option.
In either case, be sure to take into consideration that the mortgage insurance premium (MIP) for both the HECM Saver and HECM Standard will be charged monthly at an annual rate of 1.25% of the outstanding loan balance.
HECM borrowers are offered a variety of options, including:
Receiving the funds as a lump sum at the time of loan origination
Establishing a line of credit
Fixed monthly payments that are disbursed for as long as the homeowner continues to live in the home
Finally, know that even though funds are advanced to the borrower and interest accrues, the outstanding amount does not have to be repaid until the borrower dies, leaves the home or sells the property. At that time, if the balance due on the loan exceeds the value of the home, FHA insurance pays the difference.
If you'd like more information, please e-mail our team or visit www.hud.gov. And please forward this e-mail to family and friends who might also benefit from this information.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.