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 Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
Most homeowners look at their monthly mortgage payment as their largest cost per month, and something they must do to maintain a good credit history. However, you may have heard of bi-weekly mortgage payments and their ability to lower your debt load and help you pay off your mortgage more quickl...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
“Love Sending Pre-Qualified Buyers to My Realtor Partners”   Hi Joe,Thank you for referring Jackie XXXXXXX to me. She was a pleasure to work with!! Thank you for a smooth transaction that ended with happy clients😊Christa It is always a pleasure referring clients that I have pre-qualified to my Re...
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 Tiffany Torgan, La Jolla, CA. Real Estate
(Harcourts Prestige Properties)
Comments 15
What complete idiots! I have successfully completed my first (a jumbo) being modified and am now still working on the second. I was put on a "trial payment" period back in August to make my lower payments for three months then I was supposed to get a fed ex package in the mail with the paperwork ...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 29
Wells Fargo reduces required credit scores for FHA loans   According to a release by National Mortgage News, Wells Fargo has reduced the credit score requirement for FHA mortgage applicants. The FICO minimum has gone from 640 to 600. This change should provide opportunities for many more families...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY December 8, 2016, 7:55 AM PT  1-15 Day Close:   LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day.   Click for current Lock Advice  _____________________________________________________________________________   Re...
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
The European Central Bank (ECB) extended its  practice of buying ECB bonds until the end of 2017 today.  It did ,however, reduce the monthly purchases from 80 billion Euros down to 60 billion.  The 10 year Treasury yield grew from 2.34% to 2.40% as Treasuries continued their recent sell off.  Mea...
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 12 basis points today at 102.75 coming to rest 205 basis points below the 200 day moving average.   The bond opened lower and was never in the money during the session. The 30 year was at 4.125%  today.  If you have a rate of 5% or more it is still not...
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 Interes...
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
I had no idea when I began posting and blogging on the Active Rain website that I would one day write my 3,000th post.  I certainly had no idea that I would be the first mortgage person in the country to reach that level and thus to have posted more blogs than any other mortgage originator/banker...
By Nick and Cindy Davis, CRS,CLHMS,ABR,GRI,CIAS,ALHS,e-PRO,CDPE,SFR
(RE/MAX Premier Group)
Comments 0
Genworth Mortgage Insurance again surveyed mortgage industry executives at the 2016 Mortgage Bankers Association (MBA) Annual Convention in Boston and found that fewer now see mortgage underwriting standards as overly restrictive. See how here Lenders say it’s much easier to obtain a mortgage
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms The Bank Preferred Rates 1 Year 2.84% 2.29% 2 Years 2.79% 2.24% 3 Years 3.39% 2.49% 4 Years 4.09% 2.39% 5 Years 4.79% 2.49% 7 Years 5.85% 3.39% 10 Years 6.09% 3.69% VIRM 2.70% 2.20% The prime rate is 2.70%
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Fixed term best discounted rates & posted rates as of December 7, 20166 mos                                 3.10%         3.14%1yr                                     2.29%          3.04%2yr                                     2.14%          2.84%3yr                                     2.34%     ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 2
“For ALL the Math Geniuses”   While visiting Annapolis, a lady tourist noticed several students on their hands and knees assessing the courtyard with pencils and clipboards in hand."What are they doing?" she asked the tour guide."Each year," he replied with a grin, "the upperclassmen ask the fres...
By Kathleen Daniels, San Jose Homes for Sale - Probate Specialist
(KD Realty - 408.972.1822)
Comments 10
Bank of America announced that its customers will be required to pay a new fee of $5 per month to use a debit card!   When will it ever end? This is the same bank that nearly tanked our economy with their reckless behavior, took $45 billion in taxpayer money, has kicked tens of thousands of famil...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 4
No cost mortgages Mortgage loan professional Joe Petrowsky provides some sound advice for prospective mortgage borrower that are seeking a "no cost" mortgage loan. Some advertisements generate much wishful thinking. Please go to the original blog if you wish to leave comments that will be seen by...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Here are your Mortgage Rates for the Houston Area Conventional 30 year Mortgage: 4.125%Credit score:740LTV:95%Loan Amount:$300kAPR: 4.58%FHA 30 year: 4%Credit Score:740LTV:96.5%loan amount:$300kAPR:5.16%Conventional 15 year: 3.5%Credit score:740LTV:95%Loan Amount:$300kAPR:3.76% Rates are Subject ...
By PropertyMinder Inc., Modern Tools for the Modern Agent
(PropertyMinder, Inc.)
Comments 0
 So, what do experts in the industry think about these questions and more?Let's take a quick tour around the web to find out what some of the top journalists and researchers are saying about interest rates suddenly shifty skyward... Read More. 
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY December 7, 2016, 7:55 AM PT  1-15 Day Close:   LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day.   Click for current Lock Advice  _____________________________________________________________________________   Re...
By Andrew Mooers, Northern Maine Real Estate-Aroostook County Broker
(MOOERS REALTY)
Comments 4
The ability to buy a house often depends on do you the home purchaser already own one? Are you obligated to pay off, take care of a previous promised loan mortgage balance before adding a new one to your financial commitments? So financing a home, working with a bank lender is the all important f...