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 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: 4.32%FHA 30 year: 4%Credit Score:740LTV:96.5%loan amount:$200kAPR:5.02%Conventional 15 year:3.375%Credit score:740LTV:80%Loan Amount:$200kAPR:3.52% Rates are Subject to ChangeCall me today if you are thinking of ref...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 31
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 32
“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 36
“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 Wayne Martin, Real Estate Broker
(Wayne M Martin LLC)
Comments 18
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 12
“No, This is Not a Client that I am Willing to Assist” This is not something you will hear me say very often, but this is one that fit for a NO. I listened to an attorney tell me about a client that he had represented to nearly 10 years. He indicated that his client was currently in foreclosure, ...
By Frank Rubi, MBA, SearchNewOrleansRealEstate.com
(Frank Rubi Real Estate, LLC)
Comments 6
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 Maria Gilda Racelis, "Your Goal, My Goal. We Can Make it Happen."
(Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington)
Comments 8
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 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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 65
“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 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 Barbara Altieri, REALTOR-Fairfield County CT Homes/Condos For Sale
(RealtyQuest, Fairfield and New Haven County CT Real Estate)
Comments 1
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 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 Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
(Movement Mortgage)
Comments 0
Economic News in Review Greenville SCHere is last week’s Economic News in Review Greenville SC. Sales of new homes rebounded, as did consumers’ outlook on the economy, and lay-offs saw a decline.  New Home Sales  New home sales enjoyed a return to positive performance, with sales of new single-fa...
By Belinda Johns, Northern Virginia "Hometown" Realtor
(Exit Realty)
Comments 17
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 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 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 Will Nesbitt, Nesbitt Realty is a family-run brokerage.
(Nesbitt Realty at Condo Alexandria)
Comments 2
Staying married and want to live separately by Joe Petrowsky to Manchester, CT is a pertinent Active Rain article relevant to the Real Estate industry. Scroll down for more. “Staying Married and Want to Live Separately” Three times so far this year this has been the situation. It is hard for a le...
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 Crane, Forestland Experts! 715-204-9663
(Woodland Management Service)
Comments 9
Today it may be good to end with a laugh. My friend Joe Petrowsky shares a lot of wisdom in his blog everyday, and those who follow him have gained immensely, yet we also enjoy those occasional bits of humor that he shares with us too.I hope you enjoy this one too. “This is One Smart Realtor”    ...