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: 4.125%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 31
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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 17
“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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 32
“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 36
“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 Wayne Martin, Real Estate Broker
(Wayne M Martin LLC)
Comments 18
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 Frank Rubi, MBA, SearchNewOrleansRealEstate.com
(Frank Rubi Real Estate, LLC)
Comments 7
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 Maria Gilda Racelis, "Your Goal, My Goal. We Can Make it Happen."
(Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington)
Comments 8
Most of the time, home buyers are confused why they can't qualify for a loan when they have stellar credit scores and excellent income.Debt-to-income (DTI) ratio is one of the major factors that needs to be considered.George Souto wrote this article explaining how DTI is calculated. Please read o...
After yesterday's session was about  as pleasant for traders as the Little Big Horn was for Custer, what did today bring you may ask.  Well stock futures were up modestly this morning.  With no drastic news from China or the Euro-zone, some decent domestic economic news began to trickle onto the ...
By Kevin Kueneke, San Diego Mortgage Banker
(Mann Mortgage, LLC)
Comments 2
Condo Owner Occupancy Ratio Less Than 51% Is OK For Fannie & Freddie!  As long as the homebuyer will occupy the condo as a Primary Residence or Second Home...Owner Occupancy Ratio: the number of owner occupied condominiums in a particular condominium complex divided by the total number of units i...
By Jeff Jensen
Comments 1
Mortgage backed securities (MBS) closed down 12 basis points today at 103.72 having fallen below dual levels of support offered by the 25 and 100 day moving averages prior to closing a scant 3 points above them.  The king of all resistance, the 200 day moving average sit just 40 points above.  Th...
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 Robert Clapton
Comments 95
We have direct provider for BG/SBLC/LC from top AA rated banks in the world. HSBC London or HongKong ETC our leasing fee is 6+2 Genuine brokers and Borrower only. Please contact Mr Robert Clapton Contact: Email:  robert.clapton@rocketmail.com  Telephone: +44-777-650-6313 
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 65
“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 Brigita McKelvie, Rural & Horse Properties & Farms in Eastern PA
(Cindy Stys Equestrian and Country Properties, Ltd.)
Comments 2
 When applying for a mortgage, lenders use the debt-to-income ratio to determine if a Buyer qualifies for a loan.  This post explains this well and how it is calculated. Debt-To Income Ratios (DTI) play a significant role in qualifying for a mortgage.  Long gone are the days where a Borrower's DT...
By Barbara Altieri, REALTOR-Fairfield County CT Homes/Condos For Sale
(RealtyQuest, Fairfield and New Haven County CT Real Estate)
Comments 1
I have clients who ask ME this question frequently.   They, of course, want to get the best interest rate.  I consider this very informative post by mortgage guru George Souto helpful in determining what to do as only the borrower can make the decision.   To Lock Or Not To Lock That Is The Questi...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 31
“Are You the Go To Guy for Your Client’s Needs?”Very early on with my clients I establish a “go to relationship”. Below you will see an example of this client asking for another referral or recommendation.I want my clients to understand that this is not a typical or average relationship. When a c...
By Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
(Movement Mortgage)
Comments 0
Economic News in Review Greenville SCHere is last week’s Economic News in Review Greenville SC. Sales of new homes rebounded, as did consumers’ outlook on the economy, and lay-offs saw a decline.  New Home Sales  New home sales enjoyed a return to positive performance, with sales of new single-fa...
By Belinda Johns, Northern Virginia "Hometown" Realtor
(Exit Realty)
Comments 17
1. Start with your credit. Credit reports are kept by the three major credit agencies, Experian, Equifax, and TransUnion. They show whether you are habitually late with payments and whether you have run into serious credit problems in the past. A credit score is a number calculated from a formul...
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...