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
Leave a review yourself for others to benefit from
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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Feel free to start your own group
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
Zillow Mortgage Marketplace recently conducted a survey with results indicating home buyers may not fully understand the basic ideas behind real estate mortgages. Zillow Mortgage Marketplace Director, Erin Lantz, noted that, "Most people wouldn't jump out of a plane if they didn't know how to use a parachute, yet each year many buyers commit to the largest loan they will take out in their lifetimes without understanding essential information about mortgages. By simply spending a few hours researching how a mortgage works, and by shopping around for the most competitive rates and fees, buyers can save a lot of money."
·44% of prospective buyers are not confident of their knowledge of mortgages or the process as a whole.
·57% do not know how ARMs (adjustable rate mortgages) work.
An ARM is a mortgage loan with the interest rate adjusted periodically based on an index reflecting the cost to the lender of borrowing on the credit markets. ARM interest rates adjust according to prevailing rates. Borrowers may experience loweror higher rates when the ARM is reset.
·34% do not understand that lender fees are negotiable and vary by lender.
Lenders are not required by law to charge a constant fee for credit reports and appraisals. As a buyer, ask your agent or shop around for the best fees-they are running a business too.
·45% believe they should always buy mortgage discount points.
Depending on how long the buyer intends on owning a home, mortgage discount points, or prepaid interest, may not be beneficial. On average, each discount point on a 30-year loan lowers the interest rate by .125%. Calculating your monthly payment without and with the points and comparing them will get you the true savings each month. If you divide the amount charged for points at closing by the monthly amount saved, the resulting number is the number of months you must keep the loan to break even.
·55% do not know mortgage rates fluctuate throughout the day.
Mortgage rates are very similar to stock prices in the amount they can vary from day-to-day. Shopping around and watching overall trends in the market will benefit a buyer.
·37% think pre-qualifying for a loan means they have secured financing.
Pre-Qualifying is an approximation built by a loan officer of what a buyer can afford. It is an estimate that is not committed to be funded until a lender has approved it.
·42% do not know that FHA (Federal Housing Administration) loans are available for all buyers.
Not just for first time buyers, the FHA insures mortgages on single family and multi-family homes with fixed rate, adjustable rate, energy efficient, graduated payment, condos, and for growing equity mortgages.
As agents, we have an obligation and should insist that the lenders we are associating with have educated the buyers regarding the type of loan they are committing to and answer any questions they may have. From the exposure agents and lenders have to the market as a whole, we can grow numb to the fact that this world is foreign to many buyers.If a client does not know what they are getting into, it can only lead to problems for them down the road.Transactions can be smoother, more efficient, and overall more enjoyable for all involved with a simple effort to clarify, be detailed and thorough, and help answer your clients’ questions.
“Ipsos, a market research company, performed the survey and said that it involved a "nationally representative" sample. The results are considered accurate within +/-3.1% of what they would have been had the entire U.S. adult population been polled.” http://bsd.dli.mt.gov/license/bsd_boards/rre_board/pdf/vol_3_issue3.pdf
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.