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 Lyn Sims, Schaumburg IL Area Real Estate
(RE/MAX Suburban - Northwest Suburbs of Chicago)
Comments 2
Hey, Buyers don't want free money! Lately, I have been working with a loan officer that has been having some great luck with buyer down payment assistance money.  He is offering a few programs that others are not & that kind of money just doesn't come around all that often. So .... don't you thin...

By Sonja Patterson, Texas Monthly 5-Star Realtor Recipient for the Hou
(Executive Real Estate Services)
Comments 3
I received a call from an older couple last week who wanted my thoughts regarding a refinance of their current mortgage.    So, I asked them a few questions to better understand their situation and to grasp the goals they wished to accomplish. Basically, they wanted to reduce the time they payed ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms Posted Rates Preferred Best Rates 6 Months 3.14 % 3.10 % 1 Year 3.04 % 2.44 % 2 Years 2.84 % 2.14 % 3 Years 3.44 % 2.34 % 4 Years 3.89 % 2.59 % 5 Years 4.64 % 2.69 % 7 Years 5.30 % 3.24 % 10 Years 6.10 % 3.79 % Current Prime 2.70 % 2.70 % 5 Year Variable 2.20 % 2.20 %

By Nick and Cindy Davis, CRS,CLHMS,ABR,GRI,CIAS,ALHS,e-PRO,CDPE,SFR
(RE/MAX Premier Group)
Comments 1
Finding the spare capital to put 20% down payment on a home purchase is wonderful, however it's certainly not the norm. Still, many people believe that it is and therefore the belief may be holding some would-be home buyers back, particularly young adults. See why here The massive Down Payment Mi...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
A second mortgage is basically what its name says it is. It is a kind of loan that a homeowner can take using the home as the collateral while still having another loan secured by the same house.In other words, a homeowner will be adding to his or her overall debt burden by taking a second mortga...

By Mike Bjork
(American Pacific Mortgage)
Comments 0
http://MikesDailyMarketReport.com:  Provides a synopsis of the daily interest rates for mortgages and home loans and Interest Rate Trends.  You'll find insight on what is driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interest...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 31 basis points today at 102.478 having lost every single bit of last Friday's advance.  At one point during the session the bond was down 47 points. The 30 year rate remained at  4.125% today for both conforming and jumbo loans. If you have a rate of ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
“Thank You for Your Referrals”  Joe,I wanted to thank you for your referrals.  I did go with Jay, like him a lot, really nice man.  I feel my retirement is in good hands.  I also used Manny for my new roof.  I can't say enough good things about him and his team.  I got a great new roof, got a goo...

By Criss-Cross Financial Group, www.iLoveCFG.com
(Criss-Cross Financial Group)
Comments 0
  SecureLineCredit-Line ProgramLeverage Don’t Liquidate! Close quickly, invest without letting an opportunity pass, and do so without impeding your long-term plans. Admirable goals, but far easier said than done nowadays for most. The real estate arena is a good example. Restrictions have greatly...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
President Trump is poised to deliver a major address tomorrow regarding the infra structure.  He is also reportedly going to give a major gold boosting stimulus in mid march.  There are rumors circulating the famous investors like George Soros and Warren Buffett are filling their coffers with gol...

By Rob Spinosa, Executive Loan Advisor, Marin Mortgage Broker
(RPM Mortgage, Marin County, CA)
Comments 82
To Airbnb Or Not To Airbnb... ...is anybody even asking the question?  Shall we then conjure The Bard to determine not whether renting out some or all of your home(s) through Airbnb or VRBO is a good idea itself, but once done is done, to know how thee mortgage lenders may view thine income?  Whi...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 13
“Guilty?”  A defendant was on trial for murder. There was strong evidence indicating guilt, but there was no corpse. In the defense's closing statement the lawyer, knowing that his client would probably be convicted, resorted to a trick. "Ladies and gentlemen of the jury, I have a surprise for yo...

By Desare Kohn-Laski Skye Louis Realty, Residential Real Estate
(Skye Louis Realty)
Comments 2
Whether you're a retired or current member of the military or one that has served the nation as a veteran of war, being house poor is something that you would not want to earn as part of your badges? It is a badge that degrades whatever valor or prestige that bravery has earned you. To spare you...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 13
I had a conversation with one of my favorite ActiveRain members Lynn B. Friedman a couple of weeks ago, and Lynn suggested I write a blog about what is The Biggest Delay In Processing A Mortgage Today.  I have written blogs about this in the past, but this is a topic which needs to be written ab...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.59%*Canada housing 06/15/22 [-0.02]       5 Year - 1.12%CAN 0.50 03/01/22 [-0.02]       0.97%                      [-]                        10 Year - 2.25%Canada housing 06/15/27 [-0.03]       10 Yea...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 13
Are Credit Cards Always Included In Debt-To-Income (DTI) Ratios?   It is not unusual for parents these days to co-sign for their children for such things as: Car loans Cell phones Student Loans It is also not unusual these days for a parent to assist their children in establishing credit, or prov...

By John Handschuh, Realtor ABR SRES, Horsham Real Estate
(RE/MAX Action Realty)
Comments 5
Your credit score is one of the most important tools you have at your disposal. A good score can help you out financially in several ways. Most utility companies will not charge a deposit if your credit score is good, and many landlords and apartment complexes are more likely to rent to tenants w...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 13
Two to three years ago VantageScore Solutions and the Consumer Federation of America (CFA) conducted a survey on Do Consumers Really Understand Credit Scores And Their Impact?   The survey  revealed some results I would not have expected, especially among the Millennial Generation. One thing whi...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 14
If you’re a homeowner, the thought of getting a second mortgage may have crossed your mind from time to time; more so that when used wisely, second mortgages can help you buy a new property, consolidate old loans, or even start a new business. There is no doubt that a second mortgage can be great...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
While MBS bonds cruised to their highest level in weeks and are now more than 100 basis points above last week's low, U.S. equities climbed higher today.  With consumer sentiment high, stocks had a bumpy ride but managed to eke out gains as the Dow registered its 11th consecutive record high.  Go...