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 Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY July 30 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: 7-30-15: 3.98% - Down 0.06 point Rate Price Based on 3% MBS - ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 21
  “How often do You Clean up Your Database?” Every couple of months I take the time to purge my referral partner database. Here is what I mean: if there is someone that I have not interacted with in a couple of years I ask myself; Do I want them in my database? Do I need to contact that person ju...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 22
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 Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 7
A change is coming! It was supposed to be on August 1st - now, with a new date of October 3rd, a quick question -- How Much prepare you are for TRID?Joe Petrowsky is asking in this post - Are you ready?     “TRID Preparedness”   When a Realtor said, “You People Created this Problem”, my immediate...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms The Bank Preferred Rates 1 Year 3.14% 2.79% 2 Years 3.14% 2.34% 3 Years 3.80% 2.49% 4 Years 4.54% 2.59% 5 Years 4.84% 2.69% 7 Years 5.30% 3.39% 10 Years 6.10% 3.89% VIRM 2.70% 2.05% The prime rate is 2.70%
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 1
What Types of Condominium Projects are Approvable by FHA?This is one of the most commonly-asked question that we receive.  The better question to answer is Which types of condominiums are NOT approvable by FHA?   Then we can deduce that all other types of condominiums are eligible for FHA condomi...
By Bob Elliot
(RE/MAX Advisors)
Comments 0
The stage was set in high suspense for FOMC's post-meeting announcement on Wednesday. As fall approaches, analysts and the media are looking for any sign of when and how much the Fed will raise its target federal funds rate. According to CNBC, some analysts were projecting two interest rate hikes...
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 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 David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 4.125%Credit score:740LTV:80%Loan Amount:$200kAPR: 4.42%FHA 30 year: 4.125%Credit Score:740LTV:96.5%loan amount:$200kAPR:5.22%Conventional 15 year:3.5%Credit score:740LTV:80%Loan Amount:$200kAPR:3.62% Rates are Subject to ChangeCall me today if you are thinking of r...
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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 25
  “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 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 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 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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 54
“What do you mean Your Realtor Recommended that a Home Inspection NOT be Done” I did a Pre-Qualification for a client and at the time I was told that a home was being considered that needed work, so we discussed a 203 K Streamline loan. That seemed to be the perfect solution. A Realtor was alread...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 3
buying a home is one of the biggest financial decision. So inspecting the home one is buying is mandatory - even if it is new construction.Would you ever suggest your buyer to 'skip' the home inspection?Here's a re-blog from Joe Petrowsky on his experience with a buyer who had different recommend...
By Sharon Sigman, Sharon Sigman
(RE/MAX )
Comments 0
Remember the old rollover? It provided a tax benefit for those of us who sold and then bought principal residences before 1997. That old friend is no longer with us. However, for many taxpayers who are now considering selling a home, its memory lingers on - and can haunt them financially. The rol...
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 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.  ...