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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 28
Debt-To Income Ratios (DTI) play a significant role in qualifying for a mortgage.  Long gone are the days where a Borrower's DTI Ratios could be 67% and higher.  Today most loan products require a DTI Ratio of 45% or less.  One of the few exceptions is FHA which still allows DTI Ratios in the 50+...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 31
“Sometimes All the Questions don’t turn into Any New Business, but Sometimes they do” “I know I have been emailing lots of questions, but I really want to be a homeowner, can you tell, I’m very nervous about this whole process. I really appreciate you answering all my questions. The agent that wa...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 29
“Article Says Foreclosures at the Lowest Monthly Total in Eight Years”  While that is a wonderful headline, there is a big problem. I keep reading that homeownership is at historic lows. One number that I read says the lowest homeownership level in 48 years. So you do the math, is there any wonde...
By Barbara Altieri, REALTOR-Fairfield County CT Homes/Condos For Sale
(RealtyQuest, Fairfield and New Haven County CT Real Estate)
Comments 0
I have clients who ask ME this question frequently.   They, of course, want to get the best interest rate.  I consider this very informative post by mortgage guru George Souto helpful in determining what to do as only the borrower can make the decision.   To Lock Or Not To Lock That Is The Questi...
By Brigita McKelvie, Rural & Horse Properties & Farms in Eastern PA
(Cindy Stys Equestrian and Country Properties, Ltd.)
Comments 2
 When applying for a mortgage, lenders use the debt-to-income ratio to determine if a Buyer qualifies for a loan.  This post explains this well and how it is calculated. Debt-To Income Ratios (DTI) play a significant role in qualifying for a mortgage.  Long gone are the days where a Borrower's DT...
By Wayne Martin, Real Estate Broker
(Wayne M Martin LLC)
Comments 12
Trivia questions for Monday August 31, 20151. Whose last novel was 1961's "The Winter of Discontent"?  John Steinbeck's2. What sea does the Danube empty into?  The Black Sea3. How many years did the "Great Plague of Milan" last?  Two4. Red Lake is the largest lake in which US state?  MinnesotaTri...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 31
“Are You the Go To Guy for Your Client’s Needs?”Very early on with my clients I establish a “go to relationship”. Below you will see an example of this client asking for another referral or recommendation.I want my clients to understand that this is not a typical or average relationship. When a c...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 28
To Lock Or Not To Lock That Is The Question?  Tis it better to gamble, or tis it better not to gamble only ye can decide.  Perfect topic to give it a little Shakespearean twist to, even if my Shakespeare is not all that good.  Lately the mortgage interest rates have been fairly stable, and recent...
By Maria Gilda Racelis, "Your Goal, My Goal. We Can Make it Happen."
(Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington)
Comments 7
Most of the time, home buyers are confused why they can't qualify for a loan when they have stellar credit scores and excellent income.Debt-to-income (DTI) ratio is one of the major factors that needs to be considered.George Souto wrote this article explaining how DTI is calculated. Please read o...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Fixed term best preferred rates & posted rates as of September 1, 20156 mos                                 3.10%         3.14%1yr                                     2.29%          2.89%2yr                                     2.09%          2.84%3yr                                     2.34%     ...
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 Kevin Kueneke, San Diego Mortgage Banker
(Mann Mortgage, LLC)
Comments 0
Condo Owner Occupancy Ratio Less Than 51% Is OK For Fannie & Freddie!  As long as the homebuyer will occupy the condo as a Primary Residence or Second Home...Owner Occupancy Ratio: the number of owner occupied condominiums in a particular condominium complex divided by the total number of units i...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 63
“Staying Married and Want to Live Separately” Three times so far this year this has been the situation. It is hard for a lender to get their arms wrapped around this concept. Some lenders just won’t do this loan, but others figure out a way to make it work. Underwriters want to know: 1)    Is the...
By Frank Rubi, MBA, SearchNewOrleansRealEstate.com
(Frank Rubi Real Estate, LLC)
Comments 3
Debt-To Income Ratios (DTI) play a significant role in qualifying for a mortgage.  Long gone are the days where a Borrower's DTI Ratios could be 67% and higher.  Today most loan products require a DTI Ratio of 45% or less.  One of the few exceptions is FHA which still allows DTI Ratios in the 50...
By Belinda Johns, Northern Virginia "Hometown" Realtor
(Exit Realty)
Comments 15
1. Start with your credit. Credit reports are kept by the three major credit agencies, Experian, Equifax, and TransUnion. They show whether you are habitually late with payments and whether you have run into serious credit problems in the past. A credit score is a number calculated from a formul...
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.  ...
Stocks suffered another poor day today partially as the result of comments made by Fed Vice Chairman Fischer stating that there was still a chance that a rate hike might occur next month.  Basically he said that he was still evaluating the economy and the labor market to see if they were strong e...
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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 78
  “Solar is Great, But Creating Mortgage Issues”    We’re in the middle of handling a refinance and the clients have a second mortgage that a solar panel company put on for the installation. The clients told me that they were told by the solar company that the mortgage that was being done would n...
By Bob Elliot
(RE/MAX Advisors)
Comments 0
Last week's economic news included several reports related to housing. The Case-Shiller 20-City Home Price Index for June rose to 4.50 percent as compared to May's reading of 4.40 percent. Denver, Colorado was the only city to post double-digit year-over-year growth. FHFA also released its House ...