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 Rob Spinosa, Marin Mortgage Broker
(RPM Mortgage, Marin County, CA)
Comments 71
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 31
  “Joint Credit Cards”  Avoid setting up joint credit cards whenever possible as this can create future financing problems.  This couple had half a dozen credit cards and all of them were joint cards. They decided they wanted to purchase a home, but the husband had defaulted on a mortgage a few m...
By Edward & Celia Maddox, EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD
(Solutions Real Estate)
Comments 0
                                             RealtyTrac® recently released its June and Midyear 2015 U.S. Home Sales Report, which shows distressed sales, cash sales and institutional investor sales CLICK HER TO READ MORESource: RIS MediaA Few of Our Real Estate Client References:James and Diane ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 20
A frequent question I often get, especially in the more rural areas of Connecticut is Are Well And Septic Inspections Automatically Required For A Mortgage?  The quick and short answer is NO, Well & Sept inspections are not automatically required for a mortgage.  But that does not mean a Lender w...
By Kerry L Klun, 321-626-5868
(Palm Realty)
Comments 3
The ubiquitous Hewlett-Packard 12c financial calculator has been around a lot longer than the almost 25 years that I've been in the business. Sure, HP and other companies have come out with "newer" financial calculators...but none of them have been more wildly accepted as the good ol' gold standa...
By Matt Brady, Lending With Competence And Character
(Skyline Home Loans)
Comments 0
Today was supposed to be the first day to implement the new TRID disclosure rules. Thankfully the date has been delayed to October 1, 2015. I have had several discussions with people that are still confused about what the changes mean. One person was under the impression that there could be no ch...
By Ginger Harper, Your Southport~Oak Island Agent!
(Coldwell Banker Sea Coast Advantage)
Comments 0
They are not usually required.  If a buyer has an inspection  ..they buyer may request one.  A frequent question I often get, especially in the more rural areas of Connecticut is Are Well And Septic Inspections Automatically Required For A Mortgage?  The quick and short answer is NO, Well & Sept ...
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 1
Good Job HUD (Told ya So!)       Back in 2014, I was pretty hard on HUD in regard to the FHA loan program.  Annual PMI premiums at the time were 1.35% (a ripoff) and I felt it necessary to voice my opinion on the topic more than a few times.  In October, I wrote a mathematically driven blog about...
By Mary Yonkers, Erie/PA Real Estate Instructor
(Alan Kells 1-814-881-7548)
Comments 10
Why does the lender make getting a mortgage loan so difficult? Well, the simpliest answer goes back to an old, old saying, 'He who has the gold make the rules.'  And just what are the lenders' rules?     As a Real Estate instructor for Alan Kells School of Real Estate I use the 'Lender's Triangle...
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
Comments 72
"BANK APPROVED SHORT SALE"???  WHAT DOES THAT MEAN???  A RANT! How often do we read that phrase in MLS listing reports for Short Sale listings??  WHAT DOES IT MEAN?? Often that particular Short Sale listing will have had one or more prior offers/contracts.  So why didn't it close???  HA!  Oh, the...
By yanni raz
(hml investments)
Comments 0
The Guidelines of Stated Income Commercial Loans Stated Income Commercial Loans are a great alternative to conventional commercial loans for borrowers who are looking to purchase or refinance real estate property. In general, stated income commercial loans are more concerned about the value of th...
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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 32
  “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 Bruce Reichstein, Mortgage Industry Professional - 3 Decades
(Mortgage Industry Professional, Westbound Bank Chairman, and Entrepreneur)
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 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 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 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...