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
Conventional 30 year Mortgage: 4.375%Credit score:740LTV:80%Loan Amount:$200kAPR: 4.62%FHA 30 year: 4.25%Credit Score:740LTV:96.5%loan amount:$200kAPR:5.32%Conventional 15 year:3.625%Credit score:740LTV:80%Loan Amount:$200kAPR:3.72% Rates are Subject to ChangeCall me today if you are thinking of ...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY July 1 2015, 7:45 AM PST  Click for Continuously 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: 6-25-15: 4.02% - Up 0.02 point Rate Price Based o...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 19
It is not uncommon for a Borrower to be surprised by the amount of the Monthly Mortgage Payment  on a property they want to purchase.  This is because many Borrowers go online and try to calculate the monthly mortgage payment on their own by using an Online Mortgage Calculator.  Online Mortgage C...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 38
“But I was Preapproved” We hear this kind of story too many times, but why and why does it keep happening?  I understand how frustrating it can be when someone gets turned down for a mortgage when they have already received a preapproval. But this prospective home buyer should never have been pre...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 1
One of the questions asked most frequently by seniors getting a reverse mortgage is,"How Much Money Can I Get From My Reverse Mortgage?"Many seniors believe that they will get a large check each month or even a large line of credit equal to the amount of their home.The rule of thumb is 50%.  Most...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 11
  “Too Much Negotiation Can Be a Problem” A hand full of my clients that I have done pre-qualification letters for are all currently negotiating for homes and three of the five are in multiple bid situations. I have advised all to make the strongest possible offer, otherwise risk not getting the ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 43
“Realtor in her 80’s”  I asked Carmen how she is doing so much business into her 80’s when many want to call it quits. She referred three mortgage clients last week and already sent another today. They aren’t always the easiest transactions, but it doesn’t matter to me. I’ve learned when she has ...
By Jenna Dixon, Assoc Broker - Let's Talk Cobb County Real Estate
(DRA Homes | Cobb County Real Estate )
Comments 2
Trusted, experienced and knowledgeable mortgage professional, George Souto removes the mystery surrounding the monthly mortgage payment.  While online mortgage calculators can be useful, understanding the components of a monthly mortgage payment will help make them more accurate for the consumer....
Stocks stabilized after yesterday's maniacal plummet in reaction to the refusal by the IMF and the European Central Bank's refusal to allow the Greek Prime Minister's dizzying call for a referendum this Friday regarding a deadline that was today.  There appears to be some room for accommodation a...
By John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 84
Rates Are Getting Worse (warning, this is a rant, albeit an informational one, I hope)      Back in April Fannie Mae & Freddie Mac, the nation's 2 mortgage giants, announced that changes would be forthcoming to LLPA (loan level pricing adjustment) charges, better known as "risk based pricing", an...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 53
“Reply ALL, by Mistake”  I was included in a “Reply All” email. My client asked me to send a copy of her Pre-Qualification letter to her Realtor as well as to herself.  The Realtor forgot to take me out of the email and let my client know that she didn’t like doing business with a mortgage person...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY June 30 2015, 7:30 AM PST  Click for Continuously 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: 6-25-15: 4.02% - Up 0.02 point Rate Price Based ...
By Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
(Movement Mortgage)
Comments 1
Economic News in Review Greenville SCHere is last week’s Economic News in Review Greenville SC. Existing home sales saw a healthy jump both in terms of volume and price, while new home sales hit a new high, and lay-offs saw a slight increase.  Existing Home Sales  Sales of existing single-family ...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 0
Many times, seniors come to me after they have exhausted all of their other resources and they do not know what else to do. They are looking for a way to make retirement a little easier and take the financial stress out of it.I see seniors who are surviving on crackers and water who do not have e...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 0
Buy This Home and Never Make a Mortgage Payment! This beautiful single story home offers plenty of decorative amenities that make it stand out among the other homes. This 4/bed 3 /bath home has beautiful tile flooring throughout. The formal living room/dining room are painted in natural colors wi...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 23
Fannie Mae has resently made a change to ther Loan Level Price Adjusters, and in several areas the 2015 Fannie Mae Loan Level Price Adjustments (LLPA) are more costly than the LLPA's they are replacing.  LLPA's are additional points accessed by Fannie Mae on Mortgage Loans.  The LLPA's are credi...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 29
The IRS has added a new rejection code to help deter tax identity fraud and other identity related issues when ordering IRS transcripts.  While this is a great idea to help reduce identity fraud, it has been causing New Delays For Lenders in obtaining tax transcript from the IRS. This new rejecti...
By Richard Zaretsky, Florida Real Estate Attorney
(THE ZARETSKY LAW GROUP P.A. - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY)
Comments 6
Florida homeowners who lost their home to foreclosure or short sale could be escaping a deficiency judgment if the lender misses the statue of limitations.  The new law, now in its second year, seems to have former Florida homeowners  escaping deficiency risk where their lenders - especially 2nd ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 31
  “Do You Guys Do Any Commercial Mortgages?” Yes, we do some commercial mortgages. Being mortgage brokers we are not limited to doing any specific kind of mortgage, however you DON’T need to be licensed to do commercial mortgages.  I normally don’t have too many walk-ins, but Nathan stopped in an...
By Tim Carroll, Branch Manager at CMG Financial
(CMG Financial)
Comments 1
Climbing Rent June 30, 2015If you haven’t jumped into the housing market yet, you have probably noticed that over the past few years, rent in many areas has skyrocketed. If you live near a major city or a booming metropolis (yes, we are looking at you Silicon Valley), then chances are you are no ...