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 John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 82
Rates Are Getting Worse (warning, this is a rant, albeit an informational one, I hope)      Back in April Fannie Mae & Freddie Mac, the nation's 2 mortgage giants, announced that changes would be forthcoming to LLPA (loan level pricing adjustment) charges, better known as "risk based pricing", an...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY June 29 2015, 8:00 AM PST  Click for Continuously Updated Lock Advice   LOCK ADVISORY 1-7 Day Close: LOCK  8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 6-25-15: 4.02% - Up 0.02 point Rate Price Based ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 33
“But I was Preapproved” We hear this kind of story too many times, but why and why does it keep happening?  I understand how frustrating it can be when someone gets turned down for a mortgage when they have already received a preapproval. But this prospective home buyer should never have been pre...
By Jason E. Gordon, Residential Mortgage Specialist, CMPS, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 2
Negotiations between Greek officials and creditors ended with no agreement reached. Greece will be unable to make its debt payments due tomorrow. Investors shifted to safer assets, helping MBS after Friday's decline. The Greek Government called a referendum on whether to accept austerity measures...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 37
“Realtor in her 80’s”  I asked Carmen how she is doing so much business into her 80’s when many want to call it quits. She referred three mortgage clients last week and already sent another today. They aren’t always the easiest transactions, but it doesn’t matter to me. I’ve learned when she has ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
“I Have Another Tough One for You”  Bring it on! I don’t care if the loan is considered tough by many. I love the challenge just the same.  Divorces bring a steady source of mortgage business and fortunately for me, many attorneys send me business in all 8 states I do mortgages in. It is so much ...
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Comments 1
Interest rates for buying a home on the Palos Verdes Peninsula stayed level this week.The following are excerpts from the newsletter on interest rates published by HSH Associates : " If the economic data is mostly firm, it's a fair bet that mortgage rates will be, too. Not all that long ago, fina...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 21
She will be a wonderful homeowner, now that she has a realistic idea as to what her comfort level will be for a mortgage and payment. “Some Unrealistic Expectations”   One of my Realtor referral partners contacted me to discuss a potential home buyer. She told me that she was contacted by someone...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 7
   USDA/Rural implemented their New 2015 USDA/Rural Loan Level Price Adjusters on June 25, 2015.  Just like Fannie Mae has Loan Level Price Adjusters (LLPA), so does USDA/Rural.  The difference is Fannie Mae bases their Loan Level Price Adjusters on credit scores and down payment (Loan-To-Value)...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 6
I could not resist to re-blog this!To be successful in a life, do not look at the problem or question. Look at what you can do, find the answer and say 'Bring It On' - as Joe Petrowsky does in this re-blog. “I Have Another Tough One for You”   Bring it on! I don’t care if the loan is considered t...
Eric Hanson is currently a mortgage broker at Westwood Mortgage and is based out of Seattle, WA.Eric has completed 52 mortgages.Eric has completed 20 mortgages for veterans.Eric has completed 2 vacation home mortgages.Eric has completed 7 investment property mortgages.Eric has completed 5 FHA Loans.
By Bob Elliot
(RE/MAX Advisors)
Comments 0
Last week's economic news was largely positive as both new and existing home sales beat expectations. FHFA reported that home price growth held steady in May, while weekly jobless claims edged up, but were lower than expected. New and Existing Home Sales Exceed ExpectationsAccording to the Commer...
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 Spirit Messingham, Third Generation Full-Time Realtor® 520 471-6900
(Tierra Antigua Realty)
Comments 2
 New Federal Disclosure Rules with 3 Day Review Period Delayed until 10/1/2015 The new federal disclosure laws, slated to take effect 8/1/2015, have been delayed until 10/1/2015. This rule combines the lender’s Good Faith Estimate and Truth-in-Lending disclosures into a new Loan Estimate and repl...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.89% 2.29% 2 YEARS 2.84% 2.19% 3 YEARS 3.39% 2.34% 4 YEARS 3.89% 2.54% 5 YEARS 4.64% 2.59% 7 YEARS 5.30% 3.39% 10 YEARS 6.10% 3.84% Rates are subject to change without notice. OAC E&OE Prime Rate 2.85% 5 yr variable 2.20%
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 22
Fannie Mae has resently made a change to ther Loan Level Price Adjusters, and in several areas the 2015 Fannie Mae Loan Level Price Adjustments (LLPA) are more costly than the LLPA's they are replacing.  LLPA's are additional points accessed by Fannie Mae on Mortgage Loans.  The LLPA's are credi...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 8
Getting a home loan these days is a very interactive process.    Please visit the original blog if you wish to leave comments. 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 dream...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 47
“Is that Really You in the Photo?” I recently got a referral from a Realtor I had never met. She scanned over the purchase agreement which included her contact information along with her photo. She indicated the home inspection was being done the next day and I was doing the mortgage application ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 30
  “I Am NOT a Fan of Jeb, Donald or Hillary” All are a gift to the process, are unelectable but all bring something valuable to the election process. They all demonstrate what I don’t like in a future President.  All leave much to be desired, as I couldn’t say that I trust any of them completely....
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 5
What a great question! On traditional mortgages, refinancing is something that is done frequently to either get more money out of their home, make smaller payments and many other reasons!  So, can a senior refinance their existing reverse mortgage?  The simple answer is an astounding yes!  So wha...