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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 0
On Monday I wrote a blog titled How Debt-To Income Ratio Are Calculated in which members asked for some further clarification on what are the Debt-To-Income Ratios For The Major Loan Programs?  So I thought it would be good to write a separate blog to answer those questions in depth.With the crea...
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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 32
Debt-To Income Ratios (DTI) play a significant role in qualifying for a mortgage.  Long gone are the days where a Borrower's DTI Ratios could be 67% and higher.  Today most loan products require a DTI Ratio of 45% or less.  One of the few exceptions is FHA which still allows DTI Ratios in the 50+...
By Darren Copeland, Darren Copeland
(Leader One Financial)
Comments 0
How Will TRID affect Realtors?Oct. 1, 2015, will bring a long-anticipated change to the mortgage process. Whether or not you have heard of TRID, it will impact you and your clients — and it’s coming. TRID, also known as the TILA-RESPA Integrated Disclosure Rule, is aimed toward making mortgages m...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY September 3, 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: 3.89% - Up 0.05 point Rate Price B...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 68
“Staying Married and Want to Live Separately” Three times so far this year this has been the situation. It is hard for a lender to get their arms wrapped around this concept. Some lenders just won’t do this loan, but others figure out a way to make it work. Underwriters want to know: 1)    Is the...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 33
“Sometimes All the Questions don’t turn into Any New Business, but Sometimes they do” “I know I have been emailing lots of questions, but I really want to be a homeowner, can you tell, I’m very nervous about this whole process. I really appreciate you answering all my questions. The agent that wa...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 23
  “Add On or Buy Another Home” I am asked this question all of the time and there is NO perfectly right answer. Most folks ask the question because of the best way to get the money to do the addition, but the question is much deeper. So often when this question comes up, the people really don’t w...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 25
“No, This is Not a Client that I am Willing to Assist” This is not something you will hear me say very often, but this is one that fit for a NO. I listened to an attorney tell me about a client that he had represented to nearly 10 years. He indicated that his client was currently in foreclosure, ...
By Wayne Martin, Real Estate Broker
(Wayne M Martin LLC)
Comments 21
Trivia questions for Monday August 31, 20151. Whose last novel was 1961's "The Winter of Discontent"?  John Steinbeck's2. What sea does the Danube empty into?  The Black Sea3. How many years did the "Great Plague of Milan" last?  Two4. Red Lake is the largest lake in which US state?  MinnesotaTri...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 37
“Article Says Foreclosures at the Lowest Monthly Total in Eight Years”  While that is a wonderful headline, there is a big problem. I keep reading that homeownership is at historic lows. One number that I read says the lowest homeownership level in 48 years. So you do the math, is there any wonde...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 28
To Lock Or Not To Lock That Is The Question?  Tis it better to gamble, or tis it better not to gamble only ye can decide.  Perfect topic to give it a little Shakespearean twist to, even if my Shakespeare is not all that good.  Lately the mortgage interest rates have been fairly stable, and recent...
By Frank Rubi, MBA, SearchNewOrleansRealEstate.com
(Frank Rubi Real Estate, LLC)
Comments 8
Debt-To Income Ratios (DTI) play a significant role in qualifying for a mortgage.  Long gone are the days where a Borrower's DTI Ratios could be 67% and higher.  Today most loan products require a DTI Ratio of 45% or less.  One of the few exceptions is FHA which still allows DTI Ratios in the 50...
By zeta cross, Getting Greener Makes Your home worth more!
(Smart Green Realty)
Comments 0
Yikes. It is two weeks before settlement...I just had a mortgage broker ask me for a signed smoke detector and carbon monoxide detector form--signed by the buyers. This document has always been signed at settlement. At the final walk through, we look to see if they are installed. Is this the kind...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 17
What do you think when buyers should lock the rate? Answer is - when the rate is lowest.However, they live in fear - locking a rate is speculation for buyers.If they lock now and rates go down before closing.George Souto has written a beautiful post with us on this topic.Deal or No Deal? To Lock ...
By Chris Mamone, Loan Officer
(LoanStar Home Lending)
Comments 5
Debt-To Income Ratios (DTI) play a significant role in qualifying for a mortgage.  Long gone are the days where a Borrower's DTI Ratios could be 67% and higher.  Today most loan products require a DTI Ratio of 45% or less.  One of the few exceptions is FHA which still allows DTI Ratios in the 50...
By Karen Schimpf
(Commercial Capital Ltd.)
Comments 2
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 Raymond Edler, #1 Real Estate Office in DFW
(Keller Williams Realty Dallas Fort Worth 214-552-2091)
Comments 1
What Do You Really Need to Qualify for a Mortgage?  Thursday September 3rd, 2015  Down Payments, Millennials A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The stud...
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 Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms  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%