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 Handschuh, Realtor ABR SRES, Horsham Real Estate
(RE/MAX Action Realty)
Comments 0
 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 we...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
  “Some First Time Home Buyers Listen to the Wrong Advice” I will follow up on clients that I have done a pre-qualification for and haven’t heard from in 60 days after issuing the pre-qual letter: 1)      Do we need to make any adjustments? 2)      Have they stopped searching for a home? 3)      ...
By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Winston Realty, Inc.)
Comments 2
Qualified Home Buyers Can Purchase For As Little As 5% Out Of Pocket     Introducing The New Lee County HFA Low Rate Loan with Second Mortgage Program To Piggy Back with Your FHA       • 30-year fixed rate mortgage loan • Up to $10,000 secured by your second mortgage • Proceeds may be used for d...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 25
It is not uncommon for a Borrower to be surprised by the amount of the Monthly Mortgage Payment  on a property they want to purchase.  This is because many Borrowers go online and try to calculate the monthly mortgage payment on their own by using an Online Mortgage Calculator.  Online Mortgage C...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 1.38%*Canada Housing 12/15/20 [-0.02]       5 Year - 0.81%CAN 3.50 03/01/20 [-0.02]       0.97% [-]                       10 Year - 2.27%*Canada Housing 12/15/25 [-0.04]       10 Year - 1.70%CAN 2.25 06/...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
  “It is Never Easy with No Agents” It becomes complicated when there are issues with the home inspection, the appraisal and the attorneys don’t get along. Yup, all these issues were part of this transaction.  Buyer and seller knew each other. The buyer had already been living in the property for...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 5
When I meet my client, I tell them - now you are my responsibility and I need your cooperation (in either finding the house or selling the house!)And the same sentiments I see in this post from my friend Joe Petrowsky.     “The Responsibility of, I TRUST JOE”   I learned the word trust and what i...
By Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA,
(Keller Williams Capital Properties)
Comments 6
Working with a couple going through a divorce can be nearly as emotionally wrenching for the realtor as the clients involved. This blog by George Souto is a great one to bookmark and share with those clients, so that at least one aspect of the process - the impact to their credit - can be minimiz...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY July 2 2015, 8:00 AM PST  Click for Continuously Updated Lock Advice   LOCK ADVISORY 1-7 Day Close: LOCK This Afternoon 8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 6-25-15: 4.08% - Up 0.06 point Rate...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 18
  “Too Much Negotiation Can Be a Problem” A hand full of my clients that I have done pre-qualification letters for are all currently negotiating for homes and three of the five are in multiple bid situations. I have advised all to make the strongest possible offer, otherwise risk not getting the ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 31
  “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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 19
  “The Responsibility of, I TRUST JOE” I learned the word trust and what it means early on in my childhood. My parents used to use the statement, “Don’t dirty the steps to this home”. That was their way to teach us, the only thing you can consider yours, is your “WORD”, without that, you have not...
By Olga Simoncelli, Broker/Owner Veritas Prime Candlewood Lake Area CT
(Veritas Prime, LLC)
Comments 4
Interest Rate Conundrum - Fed Watchers on Red Alert   Most consumers, particularly in the real estate market, view interest rates in terms of relative ease of buying a home, for indeed each 1% drop in the rate on a mortgage can translate to reduced monthly costs, making a home purchase more affor...
One of the more common methods that home loan applicants use to find the best loan program available is to compare interest rates, but choosing the lowest rate possible is not always the best option available. In fact, in some cases, it may be one of the least advantageous options when all factor...
Today was the day for the jobs report to be released.  There was little drama as the new jobs number came in at 223,000 just below the 230,000 expected.  The unemployment rate did drop to 5.3% for which President Obama stepped up to take credit.  The less noted headline, however, was the reason t...
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 Jack Tenold, NMLS 10261 Reverse Mortgage Specialist Washington | Oregon | California - refinance & purchase, Reverse Mortgage Specialist
(First Priority Financial NMLS 3257 )
Comments 0
Choosing a Reverse Mortgage Specialist Serving the Sacramento area If you are looking for ways to unlock the equity in your home and re-position those assets for your immediate and future benefit, you need to work with a Reverse Mortgage Specialst.  Someone who is knowledgeable and experienced an...
By Jeff Jensen
Comments 0
Mortgage backed securities (MBS) closed up 34 basis points today at 102.75 have passed through and closed above resistance at the 102.66 level.  Perhaps now MBS bonds can take another run at the 25 day moving average which lies just 24 basis points above.  The Greek crisis will play out on Sunday...
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 2.85% 2.20% The prime rate is 2.85%
By yanni raz
(hml investments)
Comments 0
Commercial Lenders The climate of today's commercial real estate market is sweltering. In this post market crash decade of reemerging growth, there has been an influx of private money looking for a return. Commercial real estate represents a viable investment opportunity for private investors to ...