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 Pat Starnes, Broker/Owner
(Pat Starnes Real Estate)
Comments 5
I'm sharing this article written by George Souto on debt-to-income ratios because it is well-written, completely accurate, and contains valuable information for potential home buyers. If you are looking for a home in the Brandon, Pearl, or Flowood MS market and have questions, feel free to contac...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 0
“Should Two People be on a Mortgage?” Having someone on title to a home may be very different from adding someone to a mortgage, especially when one of the borrowers make a small amount of income or no income at all, especially when that persons has debts that will mess up the debt ratios.  Once ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 25
On Monday I wrote a blog titled How Debt-To Income Ratio Are Calculated in which members asked for some further clarification on what are the Debt-To-Income Ratios For The Major Loan Programs?  So I thought it would be good to write a separate blog to answer those questions in depth.With the crea...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
“Credit Repair Companies Can Create All Kinds of Problems”  This is an email from a client that I have been working with after she wasn’t getting very far with the credit repair company that she had been paying for 9 months, but now she is on the “Right Trac”.   I am working my tail off to resolv...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 34
Debt-To Income Ratios (DTI) play a significant role in qualifying for a mortgage.  Long gone are the days where a Borrower's DTI Ratios could be 67% and higher.  Today most loan products require a DTI Ratio of 45% or less.  One of the few exceptions is FHA which still allows DTI Ratios in the 50+...
By Conrad Allen, Webster, Ma, Realtor
(Re/Max Professional Associates)
Comments 9
I hear that question frequently.  The definitive answer is - it depends.  Seriously, there are different categories involved in buying a home.  You have down payment money, you have closing cost money and then there will inspection cost money.  Down payment money varies with the financing program...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY September 4, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-7 Day Close: FLOAT WITH CAUTION 8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 9-3-15: 3.89% - Up 0.05 point Rate Price Ba...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
  “Add On or Buy Another Home” I am asked this question all of the time and there is NO perfectly right answer. Most folks ask the question because of the best way to get the money to do the addition, but the question is much deeper. So often when this question comes up, the people really don’t w...
By Maria Gilda Racelis, "Your Goal, My Goal. We Can Make it Happen."
(Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington)
Comments 11
Do you want your credit score repaired? If you do, please don't hire credit repair companies. Through your own efforts and with the guidance from your loan officer, you can clean up your credit faster.Please read Joe Petrowsky's blog and keep the contact information he provided for the 3 Credit B...
By Mary Yonkers, Erie/PA Real Estate Instructor
(Alan Kells 1-814-881-7548)
Comments 14
Excellent post George Souto  On Monday I wrote a blog titled How Debt-To Income Ratio Are Calculated in which members asked for some further clarification on what are the Debt-To-Income Ratios For The Major Loan Programs?  So I thought it would be good to write a separate blog to answer those que...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 27
When it comes to clean energy, solar energy surely is one of the best options.However, the way it is being implemented now, it may create some concerns when one is ready to sell the home.Here's a re-blog from Joe Petrowsky explaining some details of these issues.     “Solar is Great, But Creating...
By Sam Shueh, mba, cdpe, reopro, pe
( (408) 425-1601)
Comments 6
US economy is healthy!      The unemployment rate has fallen to 5.1%, but the Fed’s policy is still calibrated for an economy with a 10% jobless rate. Feds have said if the uneployment is brought down and the inflation is going up they will fluctuate the interest rate for the first time in a deca...
By Ginger Harper, Your Southport~Oak Island Agent!
(Coldwell Banker Sea Coast Advantage)
Comments 0
Such great information.  Thanks for sharing this with us..  On Monday I wrote a blog titled How Debt-To Income Ratio Are Calculated in which members asked for some further clarification on what are the Debt-To-Income Ratios For The Major Loan Programs?  So I thought it would be good to write a se...
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 Kate McQueen, REALTOR®, Houston Bay Area, League City-Bay Area Homes
(KELLER WILLIAMS REALTY CLEAR LAKE NASA)
Comments 1
If you are preparing to buy a home and have met with a mortgage lender, you will hear the term "debt-to-income" ratio  when your lender is in the process of qualifying you for the loan.  It's a confusing process so it's important to work with a lender and real estate agent that are patient and su...
Stocks opened lower today in reaction to today's jobs report from the Bureau of Labor Statistics.  Although the number of jobs created fell short of the expected number.  At the same time the unemployment rate fell to 5.1%.  One reason this was able to occur in that there are currently 94 million...
By Jeff Jensen
Comments 0
Mortgage backed securities (MBS) closed even today at 103.94 having remained above dual support offered by the 25 and 100 day moving averages and just 18 basis points below formidable resistance at the 200 day moving average.  A generally poor jobs report and a falling stock market did little hel...
By Matt Brady, Lending With Competence And Character
(Skyline Home Loans)
Comments 3
Do you have self employed buyers that have really good CPAs? A client with income that cannot qualify to purchase the home they want to live in? Well, I might have a solution for you. Skyline has loans available that use the cash flow through their bank accounts to document their income and quali...
By Jim Sinnott, Realtor, ABR, GRI Licensed in MA and RI
(Bedard Realty)
Comments 0
 How Do Deferred Student Loans Affect Getting a Mortgage? Mortgage lenders take three factors into account when giving you a mortgage; your debt-to-income ratio, your credit score and your down payment. With regards to your debt-to-income ratio, lenders typically adhere to what’s known as the 28/...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 2
Conventional 30 year Mortgage: 4.125%Credit score:740LTV:80%Loan Amount:$200kAPR: 4.32%FHA 30 year: 4%Credit Score:740LTV:96.5%loan amount:$200kAPR:5.02%Conventional 15 year:3.375%Credit score:740LTV:80%Loan Amount:$200kAPR:3.52% Rates are Subject to ChangeCall me today if you are thinking of ref...