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 Bruce Reichstein, Mortgage Industry Professional - 3 Decades
(Mortgage Industry Professional, Westbound Bank Chairman)
Comments 11
One common question asked by some about the FHA single-family home loan program is whether an FHA mortgage can be used to purchase an RV-type mobile home or a houseboat.The answer in both cases is no because a house boat or recreational vehicle/RV motor home cannot be affixed to a permanent found...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 17
Are Your Blogs Being Read?”  Have been reading your blogs for a number of years and it is now time for us to relocate to Connecticut to be closer to my in - laws who are getting older in age and need family near. Me and my family are originally from Connecticut and I have been involved in Real Es...
By Bill Ladewig, Experience Is Your Advantage
Comments 2
MORTGAGE INTEREST RATE LOCK ADVISORY February 12, 2016, 8:00 AM PST    FEATURED LOAN FHA 203K Renovation Mortgage  Renovate and Purchases or Refinance with one loan. All You Need To Know About 203K  LOCK ADVISORY -  Click for current Lock Advice 1-14 Day Close:  LOCK 15-30 Day Close: FLOAT With C...
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 - 1.15%Canada Housing 06/15/21 [+0.08]       5 Year - 0.55%CAN 0.75 09/01/20 [+0.09]       0.82% [-]                       10 Year - 1.94%*Canada Housing 9/15/26 [+0.11]       10 Year - 1.07%CAN 2.25 06/01...
By Svetlana Marinkovic, SecurityNational Mortgage Company
(SecurityNational Mortgage Company)
Comments 1
Tired of Waiting to Close? You deserve a lender that can close your loan in weeks, not months! Don’t sit in the dark, hoping for progress. Let’s all live in a world of smooth transactions. Cell 602-410-4340 jeff.thomas@snmc.com For more information visit: SecurtyNational Mortgage Company jeff.tho...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY February 11, 2016, 7:45 AM PST    FEATURED LOAN FHA 203K Renovation Mortgage  Renovate Purchases and Refinances All You Need To Know About 203K  LOCK ADVISORY -  Click for current Lock Advice 1-14 Day Close:  FLOAT With Caution 15-30 Day Close: FLOAT With Caut...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.89% 2.29% 2 YEARS 2.84% 2.24% 3 YEARS 3.39% 2.34% 4 YEARS 3.89% 2.54% 5 YEARS 4.64% 2.74% 7 YEARS 5.30% 3.44% 10 YEARS 6.10% 3.84% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.35%  
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 26
“Buyers Searching for Homes, Right Now”  So often I hear homeowners say that they are going to wait until spring to list their homes and yet there are many prospective buyers searching right now.  I have a couple dozen pre-qualifications issued right now. Most will already have homes on deposit ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 22
“Size Doesn’t Matter in Situations like This”   Even though I am only doing a $60,000 mortgage for these clients and lowered their overall monthly obligations by $253 per month, to them it felt like a million. This refinance was enough to give them $12,000 to do some home improvements.  It won’t ...
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
Global markets plummeted today pondering global growth, commodities pricing and deflation.  Crude oil futures hit a 13 year low during the trading session.  Jeffrey Gundlach, the founder of Doubleline Capital, confirmed today that negative interest rates are not a good thing for the economy or fo...
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed down 3 basis points today at 104.91 having remain just above support offered at the 104.87 level.  That close was significantly lower that the highs of he day.  MBS bonds had soared all the way up to 105.43 represented by the high of April 2 last prior to t...
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 Bruce Reichstein, Mortgage Industry Professional - 3 Decades
(Mortgage Industry Professional, Westbound Bank Chairman)
Comments 2
When you are planning your home loan, there are many aspects to consider. The selling price of the home is only one of those aspect; borrowers will need to save money for closing costs, a home inspection, and make a monthly budget for the mortgage amount, plus taxes and insurance.Some of the plan...
By Jason E. Gordon, Sr. Mortgage Loan Officer, CMPS, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 0
Volatile day thus far for Mortgage Backed Securities.  Despite a rough opening, we have had a mid-day pricing improvement given the declines in stocks!Compared to Tuesday's closing, the market has opened with a 0.125 worsening to the Points/Credits associated with any given interest rate option (...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY February 10, 2016, 7:45 AM PST    FEATURED LOAN FHA 203K Renovation Mortgage  Renovate Purchases and Refinances All You Need To Know About 203K  LOCK ADVISORY -  Click for current Lock Advice 1-14 Day Close:  LOCK 15-30 Day Close: FLOAT With Caution 31-45 Day ...
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
In reaction to a rally in European markets, stocks here began the day with strong gains.  After Fed head Janet Yellen's comments about possibly slowing the progression of interest rate hikes, however, the bottom fell out of the Dow leaving only the NASDAQ in positive territory for the day.  Trade...
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed up 25 basis points today at 104.94 having re-taken resistance offered at the 104.87 after having fallen behind it as a result of last night's monthly coupon rollover.  In reaction to another volatile day in the stock market, MBS bonds were up minimally earl...
By Alan Gross, Loan Consultant
(PrimeLending, A PlainsCapital Company)
Comments 0
Do Your Clients Know This?Mortgage interest rates have been steadily falling since the beginning of 2016. Your clients may not be aware of this because the news has been dominated the Federal Reserves raise in the short term rates by 0.25% on December 16, 2015.Most people think that this also mea...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 3.75%Credit score:740LTV:80%Loan Amount:$200kAPR: 4.02%FHA 30 year: 3.75%Credit Score:740LTV:96.5%loan amount:$200kAPR:4.86%Conventional 15 year:3.125%Credit score:740LTV:80%Loan Amount:$200kAPR:3.32% Rates are Subject to ChangeCall me today if you are thinking of r...
By Ridhi Raheja, FHA, 203k, VA, Jumbo, PreApproval, Jumbo Home Loan
(Movement Mortgage (Illinois))
Comments 0
Prior years tell us that when clients feel comfortable in the economies and safe in their careers that they will pay any rate the market requires to purchase a house. On the side, if the economy is shaky, clients will not borrow even when rates are incredibly low.  How are rates looking for 2016?...