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
 We all know condo financing has gotten ridiculously hard.  Few are FHA Approved, taking out the FHA mortgage option for someone buying a Condo.  So that leaves us with the Conventional loan route.  But many lenders and mortgages require an owner occupancy of 50%+.  The owner occupancy rate is th...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 23
  “Shopping for the Lowest Rate” I did a pre-qualification for a client a few months ago. As part of the process we discussed interest rates and a monthly payment that would be comfortable for him. I explained that interest rates were starting to move upward and to keep that in mind.  I had reach...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY July 29 2015, 9:00 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: 7-23-15: 4.04% - Down 0.05 point Rate Price Based on 3% MBS - ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 13
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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
  “Why Don’t More Multifamily Homeowners Refinance?” I am always amazed when someone comes to me for a new mortgage that currently has a high interest rate on their property and they are not planning on selling. So often the property is a multifamily that was originally financed with an FHA mortg...
By Rick Cignoli, Sr. Mortgage Officer
(Norcom Mortgage)
Comments 0
Changes in FNMA Guidelines Enables Norcom Mortgage to Close More Conventional Loans  Here’s What’s New … 1.   Unreimbursed Business Expenses. Buyers earning 2.   Move Up Buyers. Buyers moving up to a bigger home and converting their current residence to investment property no longer need a minimu...
By JoAnn Moore, Home Loans in Delaware
(The Mortgage Market of Delaware)
Comments 10
Home Loan FactsA survey was recently conducted where people were asked about the current home lending environment. The results showed many are under the impression that it is very difficult to qualify for a loan. While it is true that lenders require more documentation than in previous years, the...
By Mike Bjork
(American Pacific Mortgage)
Comments 2
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 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 Matt Brady, Lending With Competence And Character
(Skyline Home Loans)
Comments 1
Did you know that if your have a client that owned their property free and clear and then took out a Home Equity Line of Credit (HELOC) we as lenders could not pay off that loan with a new first mortgage from the GSE's?So you have a parent that wants to do a cash out refinance to provide their ch...
By Judy Wahba Realtor-Broker/Owner Steve Houck Realtor/Partner
(Real Estate Partners, LLC)
Comments 0
It has come to my attention, after talking with many potential buyers, that the general public doesn't know how to shop for a mortgage loan. Most people will ask "what interest rate are you offering" and that is their only question. I don't know about you,but I am constantly getting junk mail off...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
 My credit wasn't the best before I applied for the mortgage loan. Thanks to Mr. Krichmar's knowledge about the industry and his effort to get me into a home, I was able to come away with the best possible financing situation. Mr. Krichmar has extensive knowledge and is willing to share it! This ...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY July 28 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: 7-23-15: 4.04% - Down 0.05 pointRate Price Based on 3% MBS - 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. Existing home sales outpaced expectations to hit an eight-year high, while new home sales were at a seven-month low. Meanwhile, lay-offs shrank to their smallest rate in more than 40 years.  Existing H...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 5
In a previous post, I wrote about the advantages or pros of the reverse mortgage, which you can read HERE. It helps so many people and can be such a blessing to seniors who are struggling to make it month-to-month. However, one of the things I often hear is that the reverse mortgage sounds too go...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 0
Do you have a retirement strategy? Have you developed a plan? Are you maximizing your home's equity? Would you like to create a lifetime income stream? Have you planned for long term care? If you do not have a plan or strategy, you need to attend this free retirement seminar! Our financial strate...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 9
 For the last thirty to forty years, you have continually invested your hard-earned money into your home. Even when times were tough and you were raising children and then putting them through college, you still continued to put money into your home. Not necessarily just from mortgage payments, b...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 4
  Beautiful Fresno Home, Great for a Senior. Make no monthly mortgage payments with a Reverse Mortgage!   Property Features Location Information  County: Fresno  MLS Area: 705  Cross Street: N/McKinley W/Palm  Directions: From Palm/McKinley, travel West on McKinley to Arthur, turn North. Travel ...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 5
Can We Use Reserve Funds for Landscaping During Drought?We receive a lot of questions from associations on how they are able to use their reserve funds and still be eligible for FHA condominium project approval.  Up in our neck of the woods in New England, these questions are primarily geared tow...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 6
FHA Won’t Dictate How You Run Your CondominiumWe have been working with one of our clients for many months because the Board has been reluctant to provide the necessary information to us.  It recently surfaced that they have concerns that once the condominium is approved by FHA, the Federal Gover...