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 Mike Tizzano, Protect Your Transaction Certified Lender
(Amerifirst Financial, Inc NMLS 145368 LO:1015837)
Comments 4
For many potential home-owners the biggest hurdle is saving money for a down payment.  Even with low options such as FHA's 3.5% down that's still $7000 plus closing costs on a $200,000 home purchase.  With rental prices at record highs and climbing and wages staying relatively stagnant it's been ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 29
  “How often do You Clean up Your Database?” Every couple of months I take the time to purge my referral partner database. Here is what I mean: if there is someone that I have not interacted with in a couple of years I ask myself; Do I want them in my database? Do I need to contact that person ju...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY July 30 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-7 Day Close: LOCK 8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 7-30-15: 3.98% - Down 0.06 point Rate Price Based on 3% MBS - ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 22
It is not uncommon for a Buyer to try to purchase a property while they are in the process of changing jobs.  This is usually not a big deal if the Borrower is changing his or her job soon, and is not already under the process of obtaining a mortgage.  However, if the Borrower is not going to beg...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 26
  “Shopping for the Lowest Rate” I did a pre-qualification for a client a few months ago. As part of the process we discussed interest rates and a monthly payment that would be comfortable for him. I explained that interest rates were starting to move upward and to keep that in mind.  I had reach...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 7
A change is coming! It was supposed to be on August 1st - now, with a new date of October 3rd, a quick question -- How Much prepare you are for TRID?Joe Petrowsky is asking in this post - Are you ready?     “TRID Preparedness”   When a Realtor said, “You People Created this Problem”, my immediate...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 2
What Types of Condominium Projects are Approvable by FHA?This is one of the most commonly-asked question that we receive.  The better question to answer is Which types of condominiums are NOT approvable by FHA?   Then we can deduce that all other types of condominiums are eligible for FHA condomi...
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% 2.05% The prime rate is 2.70%
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 Bob Elliot
(RE/MAX Advisors)
Comments 0
The stage was set in high suspense for FOMC's post-meeting announcement on Wednesday. As fall approaches, analysts and the media are looking for any sign of when and how much the Fed will raise its target federal funds rate. According to CNBC, some analysts were projecting two interest rate hikes...
By Bruce Reichstein, Mortgage Industry Professional - 3 Decades
(Founder of VALoans.com, Hipoteca123.com FHALoan.com)
Comments 1
Did you know that loan rules found in HUD 4155.2 cover specific aspects of the FHA loan closing procedure including taxes, closing costs, and title issues?Chapter Six of HUD 4155.2 explains these policies. For example, in Chapter Six we learn that the lender is permitted to calculate--and collect...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 5
 Last week I received a call from a local realtor here in Fresno. I met this realtor about a year ago. She was very excited about the HECM for Purchase Loan also known as the Reverse Mortgage Purchase Program. However, in the last year she had not had the opportunity to work with any seniors with...
By Bill Ladewig, Experience Is Your Advantage
Comments 1
MORTGAGE INTEREST RATE LOCK ADVISORY June 19 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: 6-18-15: 4.00% - Down 0.04 point R...
By yanni raz
(hml investments)
Comments 0
History of The Stated Income Loan One of the players in the real estate meltdown and housing crisis beginning in 2007 was the pervasive use of stated income loans. Lenders were notorious for making reckless loans without the prudent risk analysis and verification of individuals incomes listed on ...
By JoAnn Moore, Home Loans in Delaware
(The Mortgage Market of Delaware)
Comments 9
Home Loans for Veterans If you are a Veteran with a mortgage at an interest rate of 4.5% or more, this information may be of great benefit to you. You may be able to obtain a streamlined refinance loan to pay off your current loan without an appraisal. The loan to value ratio is based on the orig...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
 We all know condo financing has gotten ridiculously hard.  Few are FHA Approved, taking out the FHA mortgage option for someone buying a Condo.  So that leaves us with the Conventional loan route.  But many lenders and mortgages require an owner occupancy of 50%+.  The owner occupancy rate is th...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 4.125%Credit score:740LTV:80%Loan Amount:$200kAPR: 4.42%FHA 30 year: 4.125%Credit Score:740LTV:96.5%loan amount:$200kAPR:5.22%Conventional 15 year:3.5%Credit score:740LTV:80%Loan Amount:$200kAPR:3.62% Rates are Subject to ChangeCall me today if you are thinking of r...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY July 29 2015, 9:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-7 Day Close: LOCK 8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 7-23-15: 4.04% - Down 0.05 point Rate Price Based on 3% MBS - ...
By JoAnn Moore, Home Loans in Delaware
(The Mortgage Market of Delaware)
Comments 10
Home Loan FactsA survey was recently conducted where people were asked about the current home lending environment. The results showed many are under the impression that it is very difficult to qualify for a loan. While it is true that lenders require more documentation than in previous years, the...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
  “Why Don’t More Multifamily Homeowners Refinance?” I am always amazed when someone comes to me for a new mortgage that currently has a high interest rate on their property and they are not planning on selling. So often the property is a multifamily that was originally financed with an FHA mortg...