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 3
“Reply ALL, by Mistake”  I was included in a “Reply All” email. My client asked me to send a copy of her Pre-Qualification letter to her Realtor as well as to herself.  The Realtor forgot to take me out of the email and let my client know that she didn’t like doing business with a mortgage person...
By John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 82
Rates Are Getting Worse (warning, this is a rant, albeit an informational one, I hope)      Back in April Fannie Mae & Freddie Mac, the nation's 2 mortgage giants, announced that changes would be forthcoming to LLPA (loan level pricing adjustment) charges, better known as "risk based pricing", an...
By Jason E. Gordon, Residential Mortgage Specialist, CMPS, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 2
Negotiations between Greek officials and creditors ended with no agreement reached. Greece will be unable to make its debt payments due tomorrow. Investors shifted to safer assets, helping MBS after Friday's decline. The Greek Government called a referendum on whether to accept austerity measures...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY June 29 2015, 8:00 AM PST  Click for Continuously 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: 6-25-15: 4.02% - Up 0.02 point Rate Price Based ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 34
“But I was Preapproved” We hear this kind of story too many times, but why and why does it keep happening?  I understand how frustrating it can be when someone gets turned down for a mortgage when they have already received a preapproval. But this prospective home buyer should never have been pre...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 5
It is so amazing all of the wonderful tools that we have at our fingertips. I cannot image having done my job forty years ago when computers were not common and everything had to be done by hand. That must have been a weird world.   Today, at the click of a mouse, there is more information than w...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 39
“Realtor in her 80’s”  I asked Carmen how she is doing so much business into her 80’s when many want to call it quits. She referred three mortgage clients last week and already sent another today. They aren’t always the easiest transactions, but it doesn’t matter to me. I’ve learned when she has ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
“I Have Another Tough One for You”  Bring it on! I don’t care if the loan is considered tough by many. I love the challenge just the same.  Divorces bring a steady source of mortgage business and fortunately for me, many attorneys send me business in all 8 states I do mortgages in. It is so much ...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 21
She will be a wonderful homeowner, now that she has a realistic idea as to what her comfort level will be for a mortgage and payment. “Some Unrealistic Expectations”   One of my Realtor referral partners contacted me to discuss a potential home buyer. She told me that she was contacted by someone...
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Comments 1
Interest rates for buying a home on the Palos Verdes Peninsula stayed level this week.The following are excerpts from the newsletter on interest rates published by HSH Associates : " If the economic data is mostly firm, it's a fair bet that mortgage rates will be, too. Not all that long ago, fina...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 7
   USDA/Rural implemented their New 2015 USDA/Rural Loan Level Price Adjusters on June 25, 2015.  Just like Fannie Mae has Loan Level Price Adjusters (LLPA), so does USDA/Rural.  The difference is Fannie Mae bases their Loan Level Price Adjusters on credit scores and down payment (Loan-To-Value)...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 20
I could not resist to re-blog this!To be successful in a life, do not look at the problem or question. Look at what you can do, find the answer and say 'Bring It On' - as Joe Petrowsky does in this re-blog. “I Have Another Tough One for You”   Bring it on! I don’t care if the loan is considered t...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 1
So many people go into a reverse mortgage and do not find the answer to this question until they file their taxes.  Unlike a traditional mortgage where you can deduct and write off the mortgage interest on your taxes and perhaps get a little tax break, you cannot do that with a reverse mortgage. ...
By Ginger Harper, Your Southport~Oak Island Agent!
(Coldwell Banker Sea Coast Advantage)
Comments 0
Rates can not stay the same. They are still good in our area.. Rates Are Getting Worse (warning, this is a rant, albeit an informational one, I hope)        Back in April Fannie Mae & Freddie Mac, the nation's 2 mortgage giants, announced that changes would be forthcoming to LLPA (loan level pric...
Eric Hanson is currently a mortgage broker at Westwood Mortgage and is based out of Seattle, WA.Eric has completed 52 mortgages.Eric has completed 20 mortgages for veterans.Eric has completed 2 vacation home mortgages.Eric has completed 7 investment property mortgages.Eric has completed 5 FHA Loans.
By Bob Elliot
(RE/MAX Advisors)
Comments 0
Last week's economic news was largely positive as both new and existing home sales beat expectations. FHFA reported that home price growth held steady in May, while weekly jobless claims edged up, but were lower than expected. New and Existing Home Sales Exceed ExpectationsAccording to the Commer...
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 Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 4
 I work with a lot of realtors. One of the questions I always ask them is, “Do you have a senior market?” Nine out of ten times, the answer is, “No”.  This always amazing me!  In the realtors defense, most do not know the magical statistics that make this group of people such a goldmine!  Baby Bo...
By Spirit Messingham, Third Generation Full-Time Realtor® 520 471-6900
(Tierra Antigua Realty)
Comments 2
 New Federal Disclosure Rules with 3 Day Review Period Delayed until 10/1/2015 The new federal disclosure laws, slated to take effect 8/1/2015, have been delayed until 10/1/2015. This rule combines the lender’s Good Faith Estimate and Truth-in-Lending disclosures into a new Loan Estimate and repl...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 0
This is a question that I frequently get from bankers, realtors, financial planners, CPAs, families of seniors, and of course seniors!Here are the TOP 5 things you need to know about a reverse mortgage: 1. Age Matters! You must be 62 years or older to get a reverse mortgage. If you are shopping f...