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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 31
  “If You Don’t Know the Product Don’t Talk about it” “Also based on my income the last guy told me I was eligible for a 203 K. Does this apply for you too? Not that I want to spend that much but I might need a little more than $200,000.” Thanks Tom  Tom was referred to me by another mortgage com...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY August 27, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-7 Day Close: FLOAT WITH CAUTION 8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 8-27-15: 3.84% - Down 0.09 point Rate Price B...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 39
  “Agent Says She is Going to Take this Fall Off” I got a call from a Realtor asking if I could get a transaction closed by the end of September. It was a pretty simple transaction so I let her know; based on what was described to me I could but to have the prospective buyer contact me as soon as...
By Karen Schimpf
(Commercial Capital Ltd.)
Comments 1
Franchise Financing It's 30% Of Our Business!     cc: by  https://www.flickr.com/photos/nnecapa/2864285732/in/photolist-  We close a lot of loans. Through the years, franchise financing has been a staple of our business.  As I crunch the numbers, franchise financing is consistently 30% or more o...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 3
Last week, I attended a two-day session about FHA condominium project approvals with HUD in DC.  Incomplete submissions and the Appendix A Project Certification were among the most important topics discussed.First off, HUD will only review packages submitted by the following entities: Lender, Bui...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 4
There are advantages of the 'Joint Credit Cards' - everything is streamlined and just one credit card for both!How does it play when you want to buy the home?Great insight from my dear friend Joe Petrowsky .     “Joint Credit Cards”   Avoid setting up joint credit cards whenever possible as this ...
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 Ginger Harper, Your Southport~Oak Island Agent!
(Coldwell Banker Sea Coast Advantage)
Comments 7
You really do have the facts.  Thanks for sharing with us.   “Some Very Interesting Millennial Statistics”   1)      83% sleep with their mobile phones next to their bed. 2)      75% have a profile on a social media website. 3)      70% are single. 4)      53% buy green products. 5)      41% are ...
By Bruce Reichstein, Mortgage Industry Professional - 3 Decades
(Mortgage Industry Professional, Westbound Bank Chairman, and Entrepreneur)
Comments 3
There are a lot of questions asked about FHA loans and how spouses can buy together. Can the FICO scores of one spouse make up for the lower scores of the other borrower? Can one spouse's income offset the lower income of the other? How does state law factor into FHA loan applications when spouse...
By Michelle Cooks, Pensacola, Pace & Gulf Breeze Property Management
(Charles Stallions Real Estate Services)
Comments 0
Pace Fla. Homes 32571, USDA mortgage program fees to increase Oct. 1 The USDA's Rural Housing Service will raise the cost of home-loan guarantees in some areas where borrowers don't need a downpayment, Bloomberg reports. Read more.       Flat Fee Property Management $50. Monthly in Pace, Fl. 325...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 2
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 Mike Tizzano, Protect Your Transaction Certified Lender
(Amerifirst Financial, Inc NMLS 145368 LO:1015837)
Comments 1
William Dudley, the President of the New York Federal Reserve is saying that due to current turmoil in the world markets that a September rate hike, or normalization as they call it, is "less compelling than it was a few weeks ago."   He did state that his hope is to raise rates some time this ye...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY August 26, 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: 8-20-15: 3.93% - Down 0.01 point Rate Price Based on 3.5% M...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 23
  “No Pressure” Hi Joe,“I pray you will be able to help us, because as you will see we are barely able to keep ourselves a float for the last 20 years. Moving would help us so much!”  I consider myself pretty savvy to know different loan products and how to figure out the best way to get a transa...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 56
“Some Very Interesting Millennial Statistics”  1)      83% sleep with their mobile phones next to their bed.2)      75% have a profile on a social media website.3)      70% are single.4)      53% buy green products.5)      41% are working full time.6)      38% have at least two tattoos.7)      32...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 29
“This is One Smart Realtor”  A circus owner runs an ad for a "lion tamer wanted" and two people show up. One is an old Realtor in his seventies, the other a drop-dead gorgeous brunette with a great body in her twenties....The circus owner tells them, "I'm not going to sugar coat it. This is one f...
By Jeff Jensen
Comments 1
Mortgage backed securities (MBS) closed down 28 basis points today at 103.72 having fallen through and closed below the 100 day moving average just 1 point above.  Having fallen through two such important support levels as the 100 and 200 moving average in just two days does not bode well for MBS...
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 Jeff Jensen
Comments 1
After five straight sessions of major losses, yesterday looked as if stocks were going to make a comeback.  The Dow was up hundreds of points early, but as the session moved on, early gains look on the look of fool's gold.  As today began the same pattern of early gains appeared.  Today, however,...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 30
“Buyer and Seller Agree” “All property currently in the house conveys with the sale” Are you kidding me??? Lending is tough enough without creating opportunities for lenders to ask all kinds of questions as a result of the clauses that get included in a purchase agreement.  The above clause will ...