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 Rob Spinosa, Marin Mortgage Broker
(RPM Mortgage, Marin County, CA)
Comments 73
To Airbnb Or Not To Airbnb... anybody even asking the question?  Shall we then conjure The Bard to determine not whether renting out some or all of your home(s) through Airbnb or VRBO is a good idea itself, but once done is done, to know how thee mortgage lenders may view thine income?  Whi...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY August 3, 2015, 8:00 AM PST  Click for 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: 7-30-15: 3.98% - Down 0.06 point Rate Price Based on 3% MBS ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 30
   “Say It Isn’t So” I read an article the other day that there will be less and less need for loan officers in the future. I wonder if the person that wrote the article owns a home or will ever want to purchase one?  I do see less loan officers getting into the mortgage business, but I’m not sur...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 33
A frequent question I often get, especially in the more rural areas of Connecticut is Are Well And Septic Inspections Automatically Required For A Mortgage?  The quick and short answer is NO, Well & Sept inspections are not automatically required for a mortgage.  But that does not mean a Lender w...
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 13
Good Job HUD (Told ya So!)       Back in 2014, I was pretty hard on HUD in regard to the FHA loan program.  Annual PMI premiums at the time were 1.35% (a ripoff) and I felt it necessary to voice my opinion on the topic more than a few times.  In October, I wrote a mathematically driven blog about...
By Bob Elliot
(RE/MAX Advisors)
Comments 0
Last week's scheduled economic reports included the Case-Shiller 20 and 20-City Index reports, pending home sales data released by the National Association of Realtors® and the scheduled post-meeting statement of the Federal Reserve's Federal Open Market Committee. Case-Shiller: Home Prices Growi...
By Jeff Jensen
Comments 0
Mortgage backed securities (MBS) closed up 3 basis points today at 103.88 having crossed above tough resistance offered by the 100 day moving average prior to closing just 5 basis points below it.  MBs bonds are in a precarious position right now resting just below a double ceiling formed by the ...
By Jeff Jensen
Comments 1
Oil prices kept any potential stock improvements at bay today as a barrel of Texas crude was trading below $45 per barrel reaching a six year low.  All the while Iran was projecting that when sanctions are released they will double production.  This of course would further exacerbate the worldwid...
By Mike Bjork
(American Pacific Mortgage)
Comments 0 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 ActiveRain University
(ActiveRain University)
Comments 4
In this webinar, I am joined by Deric Barnett and David Ricci of Prime Lending, the fourth largest retail lender in the country.  Deric and David have some great information at the start of the webinar about the challenges facing the next generation of home buyers, Gen Y and Millenials. If you ar...
By Carol Judd, Vernal Utah Real Estate
(Patriot Real Estate)
Comments 0
Not a new possibility for investing but new to many investors  is the ability to  use an IRA fund as the Investment Tool for Real Estate.  Using a Self Directed IRA for Real Estate expands your possibilities and probably your investment income for retirement.Earning more from appreciation and ren...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 33
   “Does it pay to Target Renters?” Two renters in the same complex contacted me to discuss a mortgage. A Realtor referral partner has been targeting a particular complex with some direct mail marketing. In the marketing pieces, it is recommended that the recipients contact me to discuss a possib...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 35
  “Joint Credit Cards”  Avoid setting up joint credit cards whenever possible as this can create future financing problems.  This couple had half a dozen credit cards and all of them were joint cards. They decided they wanted to purchase a home, but the husband had defaulted on a mortgage a few m...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Brian R. Madigan, LL.B., Broker   RE/MAX West Realty Inc., Brokerage 416-745-2300 (office) (e-mail) (web)   You will notice that there are some variations in rates from one funder to another. When rates are generally so low, a quarter or half a per ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms The Bank Preferred Rates 1 Year 3.14% 2.79% 2 Years 3.14% 2.34% 3 Years 3.80% 2.49% 4 Years 4.54% 2.59% 5 Years 4.84% 2.69% 7 Years 5.30% 3.39% 10 Years 6.10% 3.89% VIRM 2.70% 2.05% The prime rate is 2.70% Some alternative rates, well worth checking out.
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 8
 Last week I received a call from a local realtor here in Fresno. I met this realtor about a year ago. She was very excited about the HECM for Purchase Loan also known as the Reverse Mortgage Purchase Program. However, in the last year she had not had the opportunity to work with any seniors with...
By Matt Brady, Lending With Competence And Character
(Skyline Home Loans)
Comments 1
Today was supposed to be the first day to implement the new TRID disclosure rules. Thankfully the date has been delayed to October 1, 2015. I have had several discussions with people that are still confused about what the changes mean. One person was under the impression that there could be no ch...
By Mary Yonkers, Erie/PA Real Estate Instructor
(Alan Kells 1-814-881-7548)
Comments 11
Why does the lender make getting a mortgage loan so difficult? Well, the simpliest answer goes back to an old, old saying, 'He who has the gold make the rules.'  And just what are the lenders' rules?     As a Real Estate instructor for Alan Kells School of Real Estate I use the 'Lender's Triangle...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 29
NAR Statistics says, even in this era of online marketing, majority of business is generated by referrals!Can't believe it?Here's the proof in this re-blog, a post from Joe Petrowsky . “I Am Introducing You to My Guy”     I guess it is like saying, “I know people”, but twice this week I received ...
By Kim Bregman, Exclusive Buyer Agent in S. Florida and Western NC
(Optima Properties)
Comments 4
   Adjustable rate mortgages are loans with variable interest rates that change according to the market rates, as opposed to fixed rate mortgages, which guarantee a set rate for the entire period of the loan. ARMs may seem like a great idea some years, but in other years, you may wonder what you ...