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 Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 83
Rates Are Getting Worse (warning, this is a rant, albeit an informational one, I hope)      Back in April Fannie Mae & Freddie Mac, the nation's 2 mortgage giants, announced that changes would be forthcoming to LLPA (loan level pricing adjustment) charges, better known as "risk based pricing", an...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 38
“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 Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY June 30 2015, 7:30 AM PST  Click for Continuously 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: 6-25-15: 4.02% - Up 0.02 point Rate Price Based ...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 0
Many times, seniors come to me after they have exhausted all of their other resources and they do not know what else to do. They are looking for a way to make retirement a little easier and take the financial stress out of it.I see seniors who are surviving on crackers and water who do not have e...
By Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
(Movement Mortgage)
Comments 1
Economic News in Review Greenville SCHere is last week’s Economic News in Review Greenville SC. Existing home sales saw a healthy jump both in terms of volume and price, while new home sales hit a new high, and lay-offs saw a slight increase.  Existing Home Sales  Sales of existing single-family ...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 0
Buy This Home and Never Make a Mortgage Payment! This beautiful single story home offers plenty of decorative amenities that make it stand out among the other homes. This 4/bed 3 /bath home has beautiful tile flooring throughout. The formal living room/dining room are painted in natural colors wi...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 0
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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 37
“But I was Preapproved” We hear this kind of story too many times, but why and why does it keep happening?  I understand how frustrating it can be when someone gets turned down for a mortgage when they have already received a preapproval. But this prospective home buyer should never have been pre...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 9
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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 40
“Realtor in her 80’s”  I asked Carmen how she is doing so much business into her 80’s when many want to call it quits. She referred three mortgage clients last week and already sent another today. They aren’t always the easiest transactions, but it doesn’t matter to me. I’ve learned when she has ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 23
Fannie Mae has resently made a change to ther Loan Level Price Adjusters, and in several areas the 2015 Fannie Mae Loan Level Price Adjustments (LLPA) are more costly than the LLPA's they are replacing.  LLPA's are additional points accessed by Fannie Mae on Mortgage Loans.  The LLPA's are credi...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 29
The IRS has added a new rejection code to help deter tax identity fraud and other identity related issues when ordering IRS transcripts.  While this is a great idea to help reduce identity fraud, it has been causing New Delays For Lenders in obtaining tax transcript from the IRS. This new rejecti...
By Matt Brady, Lending With Competence And Character
(Pending)
Comments 0
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 Tim Carroll, Branch Manager at CMG Financial
(CMG Financial)
Comments 1
Climbing Rent June 30, 2015If you haven’t jumped into the housing market yet, you have probably noticed that over the past few years, rent in many areas has skyrocketed. If you live near a major city or a booming metropolis (yes, we are looking at you Silicon Valley), then chances are you are no ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 31
  “Do You Guys Do Any Commercial Mortgages?” Yes, we do some commercial mortgages. Being mortgage brokers we are not limited to doing any specific kind of mortgage, however you DON’T need to be licensed to do commercial mortgages.  I normally don’t have too many walk-ins, but Nathan stopped in an...
By Richard Zaretsky, Florida Real Estate Attorney
(THE ZARETSKY LAW GROUP P.A. - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY)
Comments 6
Florida homeowners who lost their home to foreclosure or short sale could be escaping a deficiency judgment if the lender misses the statue of limitations.  The new law, now in its second year, seems to have former Florida homeowners  escaping deficiency risk where their lenders - especially 2nd ...
Stocks stabilized after yesterday's maniacal plummet in reaction to the refusal by the IMF and the European Central Bank's refusal to allow the Greek Prime Minister's dizzying call for a referendum this Friday regarding a deadline that was today.  There appears to be some room for accommodation a...
By Jeff Jensen
Comments 0
Mortgage backed securities (MBS) closed up 12 basis points today at 102.84 today having managed to break through resistance offer by the low of 10/7/14 at the 102.81 level.  After yesterday's strong comeback it was hard to know what to expect today.  The Greek debt situation is so unstable that M...
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 Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 1
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...