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 Christian Penner, Your Mortgage Lender - 561-316-6800
(The Christian Penner Mortgage Team)
Comments 1
The Importance of Home Equity in Retirement PlanningWe often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recen...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 1
“Nancy once said, “No one can Help Me”  Hi Joe, I just started working with Nancy XXXXXXXXX's sister and you did her mortgage a couple of years ago. She was having concerns with her previous agent and Nancy had her call me. Although she had already connected to a lender her prequalification is ou...

By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
Comments 2
Texas real estate contracts provision for temporary leases for both Buyers and Sellers to accommodate for either early possession (ahead of the closing date) or deferred possession (after the closing date).Temporary leases under a purchase agreement are different from standard lease agreements in...

By Paul Antonelli, Broker Owner; NextHome Antonelli Realty
(NextHome Antonelli Realty)
Comments 1
Overall default risk is up, according to the recent Default Risk Index released by Universal Financial Associates (UFA) on Tuesday. The Index is up 25 points over fall 2016’s numbers.UFA’s Index, which measures the risk of default on newly originated prime and nonprime mortgage loans, calls Q1 an...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
Oil prices fell to a nine month low today taking other energy prices down with them.  The broader market gave back some of yesterday's gains as a result.  On the mortgage front, Fannie Mae is set to expand its debt to income ratio limit from 45% to 50% beginning July 29.  This will allow an entir...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
We rolled out two new extended rate programs today.  The first is called Long Term Rate Lock.  Most programs have lock periods up to 90 days.  Whether you need to get to the end or your lease, finish a construction project or your purchase is contingent on selling your present house, we can prote...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 7 basis points today at 103.19 having closed 10 basis points above support offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%.  Whether in New England, the Mid Atlantic or the...

By Mike Bjork
(American Pacific Mortgage)
Comments 1
http://MikesDailyMarketReport.com:  Provides a synopsis of the daily interest rates for mortgages and home loans and Interest Rate Trends.  You'll find insight on what is driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interest...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 35
FHA has recently clarified the Required Dates On FHA Amendatory Clause /Real Estate Certification Disclosure.  Up until this clarification FHA Amendatory Clause Forms were signed by the Borrower(s) at the time of the Mortgage Applications.  The form was then forwarded to the Borrower's Realtor fo...

By JoAnn Moore, Home Loans in Delaware
(The Mortgage Market of Delaware)
Comments 12
Eight Reasons to Refinance your MortgageSince there seems to be a trend of rising interest rates, you may be wondering if you should refinance your home mortgage. There are several reasons why this might make a lot of sense. Here are a few:      If your current jumbo loan or the combination of yo...

By Patty Clark, Helping Families Make the Right Move
(Metro Brokers/Morningside Homes, LLC)
Comments 5
You Must Be This Tall to Ride Do you remember going to the State Fair or Six Flags as a child? There was a terrific ride your older siblings were going on but there, at the entrance gate, was a sign that read "You must be this tall to ride." After standing in line and thinking you had just about ...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Core Lending)
Comments 0
Conventional 30 year Mortgage: 4%Credit score:740LTV:95%Loan Amount:$300kAPR: 4.44%FHA 30 year: 4%Credit Score:740LTV:96.5%loan amount:$300kAPR:5.07%Conventional 15 year: 3.5%Credit score:740LTV:95%Loan Amount:$300kAPR:3.993% Rates are Subject to ChangeCall me today if you are thinking of refinan...

By Dena Stevens, Putting The Real Into Realtor Since 2004
(Rocky Mountain Realty )
Comments 2
Copied from my Face Book page.                                                                                 Listen :1) If you're buying property it is VITALLY important to use a local lender. (Where ever you're buying) It's not only that I have them on speed dial already, it's to protect you! ...

By Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com
(Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.)
Comments 6
We have all had a buyer break at least one of these 10 commandments when buying a home!Have you ever gone to a closing table and had the buyer's employer call the buyer out of the closing to tell him their job was being eliminated effective immediately? Yep! It happened!!

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 8
For those about to finance a home with less than 20% down or some other extenuating circumstances, this post explaining mortgage insurance is a must read from George Souto: Anna 'Banana' Kruchten is hosting an ActiveRain contest this month titled "FAQ Break Into Summer Organized Contest" in which...

By Stephen Katz, Branch Manager, CMPS
(Katz Mortgage Team, a branch of VanDyk Mortgage Corporation)
Comments 0
Have you ever been rejected for a mortgage due to your debt-to-income ratio? Or know someone who has? Well good news: starting July 29, Fannie Mae is raising the DTI ceiling to 50 percent! Currently, it sits at 45 percent.Never heard of DTI? Debt-to-income ratio takes your gross monthly income an...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 8
“Not sure Who will be Damned”   A drunk man who smelled like beer sat down on a subway next to a priest. The man's tie was stained, his face was plastered with red lipstick, and a half-empty bottle of gin was sticking out of his torn coat pocket. He opened his newspaper and began reading.After a ...

By Mike Bjork
(American Pacific Mortgage)
Comments 0
http://MikesDailyMarketReport.com:  Provides a synopsis of the daily interest rates for mortgages and home loans and Interest Rate Trends.  You'll find insight on what is driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interest...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 6 basis points today at 103.12 having remained just 2 basis points above resistance offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%.  Whether in New England, the Mid Atla...

By Nick and Cindy Davis, CRS,CLHMS,ABR,GRI,CIAS,ALHS,e-PRO,CDPE,SFR
(RE/MAX Premier Group)
Comments 2
Buyers may soon be able to bring less to closing. These types of mortgages were blamed for precipitating the housing crisis years ago, but major lenders are giving the no- and low-down payment mortgage another shot. See details here The zero-down mortgage? It’s generating a comeback