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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 11
“Guilty?”  A defendant was on trial for murder. There was strong evidence indicating guilt, but there was no corpse. In the defense's closing statement the lawyer, knowing that his client would probably be convicted, resorted to a trick. "Ladies and gentlemen of the jury, I have a surprise for yo...

By Mike Bjork
(American Pacific Mortgage)
Comments 0
http://MikesDailyMarketReport.com:  Provides a synopsis of the daily interest rates for mortgages and home loans and Interest Rate Trends.  You'll find insight on what is driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interest...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 1
If you’re a homeowner, the thought of getting a second mortgage may have crossed your mind from time to time; more so that when used wisely, second mortgages can help you buy a new property, consolidate old loans, or even start a new business. There is no doubt that a second mortgage can be great...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 10
“Do Your Magic!” Craig, my plow guy at my investment properties and his wife are going to give you a call. They had trouble last time they tried to buy a house, they’re discouraged. Do your magic!You’re the best. Tiffany I wish it was always that simple, unfortunately every situation is unique an...

By Ted Spradlin, Private Money Lending In CA, OR, & WA
(First Capital Trust Deeds dba First Capital Funding, Inc)
Comments 0
On my company's website, www.p2ptrustdeeds.com, I've written about nearly 250 Previously Funded Loans that my partner and I have closed over the past few years.  Since we primarily focus on hard money / private money lending in California, Oregon, and Washington, these posts give people a good id...

By Brett Everett, High leverage, low cost, private money lending
(Peer-to-Peer Trust Deeds)
Comments 0
In our mortgage business, we primarily originate hard money / private money first trust deeds.  However, each month, we will fund a private money second trust deed with terms as short as 12-months to as long as twenty years.  This second trust deed for a Bay Area real estate investor came with a ...

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 9
I read this post about appraisals by George Souto the other day and thought I would share it with a re-blog.  I was not aware of a lot of this information and it may just come in handy knowing this for the future:  Appraisals play a huge role in obtaining financing for a property.  Therefore, eve...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
After having the day off yesterday in observation of President's Day, equity traders seemed energized today as they went right back to pushing stocks to record highs once again.  Wrap that up with a bevy of burgeoning earnings reports and beleaguered bulls stampeded in a hasty retreat.  Filed und...

By Mike Bjork
(American Pacific Mortgage)
Comments 2
http://MikesDailyMarketReport.com:  Provides a synopsis of the daily interest rates for mortgages and home loans and Interest Rate Trends.  You'll find insight on what is driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interest...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 9 basis points today at 102.16 having fallen through support offered by the 50 and 25 day moving averages prior to closing just one point below the 25 day and above the 50 day moving average. The 30 year rate was at 4.25% today. If you have a rate of 5...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
    TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.44% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.59% Fixed 5 Year 4.64% 2.59% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.10% Prime Rate 2.70% Benchmark Rate 4.64% Cost p...

By Bruce Reichstein, Mortgage Industry Professional - 3 Decades
(Online FHA Mortgage Leads for Best-of-Breed Lenders)
Comments 3
A reader asked a question recently about high voltage transmission lines and the FHA loan rules that address them in relation to the property to be purchased with an FHA mortgage."I am looking to find info regarding High Voltage Transmission Lines. I know that in 4150.2 that it clearly states tha...

By Bruce Reichstein, Mortgage Industry Professional - 3 Decades
(Online FHA Mortgage Leads for Best-of-Breed Lenders)
Comments 2
The government's consumer protection agency, The Consumer Financial Protection Bureau (CFPB), has a page on its official site explaining the differences between a fixed rate mortgage loan and an adjustable rate mortgages, sometimes known as ARM loans.According to the CFPB, "The difference between...

By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 3
Making Recommendations, Even When Your Client Doesn’t Want One I love the stories that Joe Petrowsky shares in his blogs. In this case, Joe shares information on how a transaction was saved by providing a cost saving referral. Please go to the original blog if you wish to leave comments. “Making ...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 12
I had a conversation with one of my favorite ActiveRain members Lynn B. Friedman a couple of weeks ago, and Lynn suggested I write a blog about what is The Biggest Delay In Processing A Mortgage Today.  I have written blogs about this in the past, but this is a topic which needs to be written ab...

By Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info
(Hawai'i Life Real Estate Brokers)
Comments 0
Maui County property taxes are due on Feb 20 and Aug 20Just a reminder that poperty taxes are billed twice a year here on Maui, with February 20 and August 20 being the due dates.  If you have a mortgage it will probably be rolled into your monthly payment.  If not, you should already have the bi...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 3.04% 2.44% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.59% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.24% 10 YEARS 6.10% 3.79% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.20%  

By The Temple Team, Specializing in Lake Norman Real Estate
(THE TEMPLE TEAM)
Comments 2
 Beginning January 1st - 2017,  households will be able to get larger FHA loans for their home purchase. In high-cost areas like San Francisco and Washington, D.C., borrowers will be able to get loans as high as $636,150, almost $11,000 more than what they were able to get in 2016. In low-cost ar...

By John Meussner, #MortgageMadeEasy Costa Mesa, CA 484-680-4852
(Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 11
2017 FHA Loan Limits Announced      HUD announced today updated loan limits for the FHA loan program that will take effect for all FHA Case numbers created on or after January 1, 2017     As with the recent announcement on conventional loan limits, HUD has implemented maximum loan amount increase...

By Adam R. Cohn, We actually get mortgages closed FAST!
(STANDARD MORTGAGE CO.)
Comments 3
This was long needed.  I am very exicited to see this finally taking place.  This will help many people in many different higher cost markets. FHFA announced today the Maximum Conforming Loan Limits For Fannie Mae & Freddie Mac Will Increase In 2017.  The new posted maximum conforming loan limits...