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 6
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 Rob Spinosa, Marin Mortgage Broker
(RPM Mortgage, Marin County, CA)
Comments 15
To Airbnb Or Not To Airbnb... ...is anybody even asking the question?  Shall we then conjure The Bard to determine not whether renting out some or all of your home(s) through Airbnb or VRBO is a good idea itself, but once done is done, to know how thee mortgage lenders may view thine income?  Whi...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 26
  “Hold Harmless Doesn’t Really Mean, Hold Harmless”  Being a mortgage broker I have seen the good, the bad and the ugly when it comes to divorce decrees. I know that in most cases, the attorneys and the judges are well meaning but I have often wondered if they all really understand that the word...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY July 31 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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 30
  “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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 23
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 Bruce Reichstein, Mortgage Industry Professional - 3 Decades
(Founder of VALoans.com, Hipoteca123.com FHALoan.com)
Comments 1
One of the important selling points of an FHA mortgage loan is the basic differences FHA mortgages have from conventional loans; the lower down payment, more forgiving credit requirements, and a rule that a borrower is able to freely dispose of the property in any way he or she sees fit once the ...
By Matt Brady, Lending With Competence And Character
(Skyline Home Loans)
Comments 0
In thinking about all the changes that happened in 2015 one of the most important was the FHA reducing it's mortgage insurance premium. This could have been Improvement #1, especially chronologically. The FHA requires mortgage insurance on every loan regardless of down payment. You read that righ...
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 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 - 1.23%Canada Housing 12/15/20 [-0.07]       5 Year - 0.77%CAN 3.50 03/01/20 [-0.07]       0.95% [-]                       10 Year - 2.03%*Canada Housing 12/15/25 [-0.09]       10 Year - 1.44%CAN 2.25 06/0...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 7
 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 2
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 JOE RYSTROM & TEAM, Real Estate Professionals
Comments 3
 10 rules after you're pre-approvedCongratulations, you have been pre-approved, after providing reams of tax and other financial documents to your mortgage professional. Now to maintain your pre-approval... We explain to our clients during the buyer's consultation, and during home buyers seminars...
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 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 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 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 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...