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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 55
“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 26
“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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 42
  “Agent Says She is Going to Take this Fall Off” I got a call from a Realtor asking if I could get a transaction closed by the end of September. It was a pretty simple transaction so I let her know; based on what was described to me I could but to have the prospective buyer contact me as soon as...
By Belinda Johns, Northern Virginia "Hometown" Realtor
(Exit Realty)
Comments 8
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 Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Winston Realty, Inc.)
Comments 2
Joe Petrowsky, shared this wonderful classic post that can be used many times over. The array of details and data will surely benefit you and your present or future clients. It is detailed and right to the point. It should also help with any gray areas, to give you an upper hand with this competi...
By Bob Crane, Forestland Experts! 715-204-9663
(Woodland Management Service)
Comments 5
Today it may be good to end with a laugh. My friend Joe Petrowsky shares a lot of wisdom in his blog everyday, and those who follow him have gained immensely, yet we also enjoy those occasional bits of humor that he shares with us too.I hope you enjoy this one too. “This is One Smart Realtor”    ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Fixed term best preferred rates & posted rates as of August 30, 2015 6 mos                                 3.10%         3.14%1yr                                     2.29%          2.89%2yr                                     2.19%          2.84%3yr                                     2.34%      ...
By Tiffany Torgan, La Jolla, CA. Real Estate
(Harcourts Prestige Properties)
Comments 14
What complete idiots! I have successfully completed my first (a jumbo) being modified and am now still working on the second. I was put on a "trial payment" period back in August to make my lower payments for three months then I was supposed to get a fed ex package in the mail with the paperwork ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 30
“Time for the Son-In-Law Take Over”  Always ask for the best way to communicate whenever you get an inquiry that comes from your website, no matter how they got to your site. When I ask how to best communicate it is asking permission. Over 50% respond with an answer, the rest is up to me.Keith,  ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 15
Even with all the negative changes impacting the ability of First Time Homebuyers to purchase a home, First Time Homebuyers Continue To Have Option To Purchase A Home.   There are still several mortgage program available to First Time Homebuyer that require little to no money down.  Today there a...
By Susy Thomas, The Road to Your Dream Home in San Diego
(Route 56 Realty)
Comments 1
 Over the past week, mortgage rates were pushed and pulled by unusually large movements in global stock markets. The economic data had little impact. After a volatile week, mortgage rates ended just a little higher. Concerns about slowing global economic growth, particularly in China, caused the ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 29
“This is One Smart Realtor”  A circus owner runs an ad for a "lion tamer wanted" and two people show up. One is an old Realtor in his seventies, the other a drop-dead gorgeous brunette with a great body in her twenties....The circus owner tells them, "I'm not going to sugar coat it. This is one f...
By Bruce Reichstein, Mortgage Industry Professional - 3 Decades
(Mortgage Industry Professional, Westbound Bank Chairman, and Entrepreneur)
Comments 1
FHA appraisals can be tricky to understand, depending on the outcome. For example, we get asked several times a year why an FHA appraiser required corrections on cracked or peeling paint on surfaces in a given home.The question is usually associated with the seeming cosmetic nature of these corre...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms The Bank PreferredRates 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 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 - 1.20%*Canada Housing 12/15/20 [-0.03]       5 Year - 0.72%CAN 0.75 09/01/20 [-0.02]       0.90% [-]                       10 Year - 2.05%Canada Housing 12/15/25 [-0.01]       10 Year - 1.42%CAN 2.25 06/0...
Stocks took a break from their mercurial swings today after having recovered much of the recent losses they incurred as a result of wild fluctuation in Chinese currency and markets.  If you spent the day listening to Fed speakers' comments about the impending rate hikes, you would have wound up d...
By Nick and Cindy Davis, CRS,CLHMS,ABR,CIAS,ALHS,e-PRO,CDPE,SFR,Realtor(R)
(RE/MAX Premier Group)
Comments 0
2 Common Mortgage Deal Delays A last-minute problem with financing can quickly delay a closing on a home sale. Here are two of the most common financing problems that can surface:  
By Robert Clapton
Comments 93
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:  Telephone: +44-777-650-6313 
By Troy Evans, NMLS 399255, 309441. BRE 01952492, 01951081
Comments 0
After a wild Monday set the tone for a volatile week for financial markets, mortgage rates end the week only slightly worse than where they started. If you are buying or refinancing your mortgage in the next 30 days, please shop your mortgage with us. Free rate and fee quote available online at C...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY August 28, 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: 3.84% - Down 0.09 point Rate Price B...