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 Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY October 9, 2015, 8:00 AM PST    LOCK ADVISORY -  Click for current Lock Advice 1-14 Day Close: FLOAT With Caution  15-30 Day Close: FLOAT With Caution  31-45 Day Close: FLOAT With Caution  Recommendations can change throughout the day.    MORTGAGE MARKET INDIC...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 20
“This was One Way to Get to Know the Neighbor”   “I know it’s been a while since we spoke, when you flipped the house next to me. However the reason why I am writing to you is, because I am getting ready to sell my house at 40 cedar street and I have to give it a fresh look before selling, I did...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 26
“I’m Self-Employed; I’ll need a Mortgage in the Future”  There are a number reasons some folks have difficulty getting a mortgage. Credit challenges are right up there, too much debt to be able to qualify especially when there are student loans, even the other extreme of too little or no credit a...
By Real Estate, Buy-Sell-Rent
(Success Realty )
Comments 0
Mortgage Insurance why do I have to pay?The biggest hurdle many buyers face today when it comes to owning a home is the down payment. How much do I have to put down and can I really afford this. Luckily there are FHA loans that don’t require an astronomical down payment in order to get your home;...
By Bruce Reichstein, Mortgage Industry Professional - 3 Decades
(Mortgage Industry Professional, Westbound Bank Chairman)
Comments 1
Recently there was FHA/HUD press release issued, announcing action against a Pennsylvania landlord who allegedly discriminated against families with children in his rental practices. The same kinds of violations of the Fair Housing Act can occur when trying to buy a home, and such cases are impor...
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 2.89% 2.29% 2 YEARS 2.84% 2.19% 3 YEARS 3.39% 2.34% 4 YEARS 3.89% 2.49% 5 YEARS 4.64% 2.59% 7 YEARS 5.30% 3.39% 10 YEARS 6.10% 3.84% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.05%
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 1.50%Canada Housing 12/15/20 [+0.04]       5 Year - 0.87%CAN 0.75 09/01/20 [+0.06]       0.80% [-]                       10 Year - 2.18%Canada Housing 12/15/25 [+0.06]       10 Year - 1.51%CAN 2.25 06/01...
By Rekha Vyas
(Keller Williams Realty of Brevard)
Comments 7
Thought I'd share this interesting post with all of you. TRID FAQ        With the TILA-Respa Integrated Disclosure (TRID, that famous acronym for an acronym) right around the corner, I'm anxious to get started with the new way of doing business.  I'm looking forward to the implementation of TRID ...
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Comments 35
Breaking News! Update on TRID: The United States House of Representative passed a “Grace-Period for TRID”  Update on TRID (TILA-RESPA Integrated Disclosure):  Defying the threat of a White House Veto, the United States House of Representatives on Wednesday afternoon passed a bipartisan legislatio...
By John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 32
Unless...  You MUST be in a new home 6 months before you can take cash out with conventional financing... ...unless it's an inherited property, then you can waive the 6 month requirement  You MUST be in a new home 6 months prior to taking cash out... ...unless you meet the provisions for delayed ...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY October 8, 2015, 8:20 AM PST    LOCK ADVISORY 1-14 Day Close: LOCK   15-30 Day Close: FLOAT  31-45 Day Close: FLOAT   Recommendations can change throughout the day.   Click for current Lock Advice MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 1...
  Home buying in Lafayette and West Lafayette area - Will the new Fed regulation of TRID hold you back from purchasing your dream home? In short, “No”, as long as you have an expert Loan Officer, like myself.  Never has it been more crucial than it is now to choose a Loan Officer who will stay on...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 3
9 Types of Condo Projects that Must be Reviewed by HUD/HRAPWhile HUD allows lenders with Direct Endorsement authority to review and approve condominium projects on HUD’s behalf (DELRAP), there are 9 different circumstances where the condominium must be reviewed directly by HUD (HRAP). Condominium...
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.  ...
 TRID First, what is TRID? -- it is an acronym that stands for TILA and RESPA Integrated Disclosure Rule. (Now don't get too bored) TILA - stands for Truth-in-lending Act.  This regulates all consumer lending not just mortgage- i.e. credit cards and gives the consumer the information of the actua...
By Matt Brady, Lending With Competence And Character
(Skyline Home Loans)
Comments 5
The FED is releasing it's minutes tomorrow and most people expect a dovish tone. If they do back off on their promised rate increase it could support bonds and drive the price back up to 101.80 which could lower interest rates. If not, and the price drops below the current 101.4 we could take qui...
Europe and Asia paved the way this morning for an additional improvement in stocks here.  Since the recent 11.1% sell off, we have seen a nice improvement in domestic stocks.  Remember that despite the Fed not thinking our economy is ready for rate hikes, across the globe our economy's stability ...
By Kathy Sheehan, Senior Loan Officer
(Cross Country Mortgage Corporation 770-634-4021)
Comments 2
FHA made some substantial changes to the underwriting guidelines that went into effect with FHA Case Numbers assigned after 9/14/15.  If you are a buyer that is "pre-qualified or pre-approved", now is the time to confirm with your Mortgage Loan Originator that you are still pre-qualified or pre-a...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 8
Debt-To-Income Ratios are figured off of the Borrowers total gross income (before tax income) if the borrower receives W2 income, and the Net Gross Income (after business adjustments) if the borrower is self-employed.Follow George's blogs for much more helpful information. On Monday I wrote a blo...
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% 2.15% The prime rate is 2.70%