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 Joyce Kelley, Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.
(Charles Stallions Real Estate Services Inc)
Comments 0
Home Buying in Gulf Breeze Florida 32561, With FHA rate cut suspended, what comes next?No one knows, but lower fees often draw people in; higher fees drive them away. One suggested change: A 5% minimum downpayment for second-time buyers. Read more.  THOUSANDS OF HOMES... One Address www.charlesst...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 23
Even though FHA made major change to their appraisal requirements, some Realtors are still concerned about Loans that require an FHA Appraisal.  Most of these Realtors still have concerns because they are not aware of the changes that occurred in January of this year, or they have not seen these ...

By Les & Sarah Oswald, Broker, Realtor and Investor
(Eastvale Team Realty & Property Mgmt)
Comments 6
2nd Mortgage Lien Charged Off in Corona Eastvale CA   Help.....I just received a charge off on my home equity line. What does it mean???   Homeowners who purchased a home with 100% or more financing have overall 2 or more loans attached to their property. In the majority of cases, the 2nd loan is...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 7
I get to look at several of credit reports each week.  Sometimes it is discouraging because I have to tell the person that they either have to do a subprime loan, or they have to wait and clean up their credit.  Sometimes the credit is so bad that I can't even do a subprime loan.  But as discoura...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 3
The three things that have the biggest impact on your credit are Credit History, Available Credit, and Years of Credit.1)   Credit History:  Represents 35% of your Credit Score, and it is the history of how well you have paid your bills during the time you have had credit.  However, late payments...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 1
I have done several Loans that involved the Borrower or Co-Borrower paying alimony to his or her spouse, and they all had three things in common.1)  They were for a fixed amount.2)  They were for a specific period of time.3)  No matter what the job situation, the one responsible for the alimony w...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 3
A VA home loan rewards those who serve our country by providing them with homeownership opportunities.The benefits of a Veteran doing a VA Loan: No down payment No PMI Loan amounts up to $417,000 Assumable mortgages  These Who Are Eligible: Honorably discharged Widow/widower of eligible service m...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 1
This year I attended two work shops on Mold, and they were probably two of the best Work Shops that I have attend. I never realized that there were three categories of Mold, Toxic Mold, Allegorical Mold, and the largest category General Mold.  I learned that there is mold, "Toxic Mold" that can a...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 1
This Fall is a great time for First Time Home Buyers to purchase their first home.  Rates on conventional programs continue to drop, and CHFA is at 5.5% for the third straight week. With these low rates buyers can afford to by bigger more expensive houses than they could have this summer.  With s...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 2
All of us have heard of a Home Inspection, well I would like to suggest a Mortgage Inspection.  Time is too valuable to waist it on someone who’s Pre-Qualification Letter is from some company that you have not heard of or from a .com. Why not let a Mortgage Professional that you trust take a clos...

By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 4.375%Credit score:740LTV:95%Loan Amount:$300kAPR: 4.68%FHA 30 year: 4.25%Credit Score:740LTV:96.5%loan amount:$300kAPR:5.40%Conventional 15 year: 3.625%Credit score:740LTV:95%Loan Amount:$300kAPR:3.86% Rates are Subject to ChangeCall me today if you are thinking of...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 5
“It is Time for us to Act”    Joe,Thanks for the quick message and the conversation. You asked how I got on your website and am not 100% sure, but put in a couple of different searches and you came up each time. I ended up reading a couple of your blogs on LinkedIn, very impressive profile. I cou...

By Jason E. Gordon, Sr. Mortgage Loan Officer, CMPS, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 2
 It is no secret that qualifying for a mortgage loan is often more challenging for Borrower's who are Self-Employed.  Freddie Mac has just announced a change to how these Business Owners must document their income (and this change is effective immediately):Documentation Requirements -- The number...

By Mike Bjork
(American Pacific Mortgage)
Comments 1
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 up 6 basis points today at 102.16  having remained above resistance offered by the 50 day moving average at 102.05 and closed to within 33 basis points of the 100 day moving average. The 30 year conforming rate remained at 4.25% today.  Whether in New Engla...

By Lyn Sims, Schaumburg IL Area Real Estate
(RE/MAX Suburban - Northwest Suburbs of Chicago)
Comments 6
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 Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Fixed term best discounted preferred rates & posted rates as of March 23, 2017 6 mos                                 3.10%         3.14%1yr                                     2.44%          3.04%2yr                                     2.14%          2.84%3yr                                     2...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms Posted Rates Preferred 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% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.20%

By JoAnn Moore, Home Loans in Delaware
(The Mortgage Market of Delaware)
Comments 5
Eight Reasons to Refinance your MortgageSince there seems to be a trend of rising interest rates, you may be wondering if you should refinance your home mortgage. There are several reasons why this might make a lot of sense. Here are a few:      If your current jumbo loan or the combination of yo...

By Amanda S. Davidson, Your Alexandria Virginia Real Estate Agent
(Amanda Davidson Real Estate Group)
Comments 11
John Meussner with Mason-McDuffie Mortgage Corporation shares an excellent post with us. The Fed increasing rates doesn't mean it's time to panic over mortgage rates. Check out John's post to see how the Fed affects mortgage rates - you might be surprised at what you find! How Does the Fed Affect...