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 34
“I Want to Grow My Business” If you are going to ask my advice about growing your business and I share some ideas, then why do nothing? I just don’t get it.  I am a big proponent of blogging and social media so when I am asked about how someone can grow their business, blogging is something that ...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 12
I track everything having to do with my business, most importantly, where all my referrals come from. “My Referral Tree of Life”   I track everything having to do with my business, most importantly, where all my referrals come from. I have set up an Excel spread sheet, if someone is referred they...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 28
  “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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 60
“Reply ALL, by Mistake”  I was included in a “Reply All” email. My client asked me to send a copy of her Pre-Qualification letter to her Realtor as well as to herself.  The Realtor forgot to take me out of the email and let my client know that she didn’t like doing business with a mortgage person...
By Paul Antonelli, Broker Owner ; Antonelli Realty
(ANTONELLI Realty)
Comments 0
If you enjoyed reading the post please give it a LIKE, every little bit helps. Thank You.This week’s labor numbers were OK. First-time claims for unemployment remain very low at 281,000, Employment growth is solid averaging 208,000/month YTD, and Unemployment is just 5.3% with full employment les...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 14
  “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 7
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 7
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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 34
“My Referral Tree of Life” I track everything having to do with my business, most importantly, where all my referrals come from. I have set up an Excel spread sheet, if someone is referred they are referred by someone and most likely I already have them in my system, if I don’t I start out with a...
By yanni raz
(hml investments)
Comments 0
Finding a Commercial Private Lender In beginning your search for a commercial private lender to finance your commercial mortgage, it is important that the borrower be judicious in his or her approach. Practice prudence when finding a commercial private lender. With the commercial real estate mark...
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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 27
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 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 Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 4
One of the questions asked most frequently by seniors getting a reverse mortgage is,"How Much Money Can I Get From My Reverse Mortgage?"Many seniors believe that they will get a large check each month or even a large line of credit equal to the amount of their home.The rule of thumb is 50%.  Most...
By zeta cross, Getting Greener Makes Your home worth more!
(Smart Green Realty)
Comments 0
 Settlement is supposed to be a week from today. As a result of the building inspection, my buyers got a $500 credit toward their closing costs. I put that in an addendum. Last week seller's agent was out of town on vacation. I just got the signed addendum agreeing to the $500 credit back yesterd...
By Ron Largent, Real Estate and Commercial Financing
(Real Estate and Gas Stations America)
Comments 0
 How To Finance A Mobile Home Park  Mobile home parks have some uniquely attractive attributes, but one of the most appealing is the many different financing options available to buy a mobile home park. You will find more creative financing options in mobile home park investing than in all the ot...
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 Jeff Jensen
Comments 0
All U.S. markets are closed today in early observation of the 4th of July.  Here in the northeast corrider Thursday was the major travel day for those heading out of town for the long weekend.  We had our town fireworks on Wednesday night.  The titanic booms coming from Long Island Sound caused m...
By Matt Brady, Lending With Competence And Character
(Pending)
Comments 4
You’ve probably been through this before:You get a personalized letter in the mail from a lender offering you an insanely low interest rate for a mortgage, or you see an online ad offering something similar and with an offer of no closing costs. But when you inquire with a loan officer at your ba...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 2
This is a question that I frequently get from bankers, realtors, financial planners, CPAs, families of seniors, and of course seniors!Here are the TOP 5 things you need to know about a reverse mortgage: 1. Age Matters! You must be 62 years or older to get a reverse mortgage. If you are shopping f...