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 Stephen Katz, Branch Manager, CMPS
(Katz Mortgage Team, a branch of VanDyk Mortgage Corporation)
Comments 0
Have you ever been rejected for a mortgage due to your debt-to-income ratio? Or know someone who has? Well good news: starting July 29, Fannie Mae is raising the DTI ceiling to 50 percent! Currently, it sits at 45 percent.Never heard of DTI? Debt-to-income ratio takes your gross monthly income an...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 8
“Not sure Who will be Damned”   A drunk man who smelled like beer sat down on a subway next to a priest. The man's tie was stained, his face was plastered with red lipstick, and a half-empty bottle of gin was sticking out of his torn coat pocket. He opened his newspaper and began reading.After a ...

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 6 basis points today at 103.12 having remained just 2 basis points above resistance offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%.  Whether in New England, the Mid Atla...

By Nick and Cindy Davis, CRS,CLHMS,ABR,GRI,CIAS,ALHS,e-PRO,CDPE,SFR
(RE/MAX Premier Group)
Comments 2
Buyers may soon be able to bring less to closing. These types of mortgages were blamed for precipitating the housing crisis years ago, but major lenders are giving the no- and low-down payment mortgage another shot. See details here The zero-down mortgage? It’s generating a comeback

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% 2.34% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.44% 5 YEARS 4.64% 2.54% 7 YEARS 5.30% 3.14% 10 YEARS 6.10% 3.69% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.00%

By Tracy Becker, President North Shore Advisory, Inc
(North Shore Advisory, Inc Credit Education & Restoration)
Comments 2
How To Build Diversified Personal Credit ProfilesIt is extremely important to understand the credit scoring landscape in order to have the most opportunity to achieve financial success and freedom.In the credit and lending sphere, your credit profile/score is a direct reflection of your creditwor...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 16 basis points today at 103.19 having broken through and  closed 8 basis points above resistance offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%.  Whether in New England, ...

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 Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.34% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.29% Fixed 4 Year 3.89% 2.44% Fixed 5 Year 4.64% 2.39% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 1.95% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...

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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
      “Working Through Extensions with the Realtor”  Joe, Thank you for the email update.  It is going to be a tough sell for an extension because the sellers are also buying on the same contract date.  What closing date are you looking for? Please let me know and I'll ask seller's agent.  Thank ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.34% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.29% Fixed 4 Year 3.89% 2.44% Fixed 5 Year 4.64% 2.39% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable 1.95% Prime 2.70% Benchmark 4.64%

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
With no economic reports coming out today or tomorrow one would have the Russian reaction to our shooting down a Serbian plane would have been negative in equities markets.  Apple, however, took that out of play as their stock led a charge higher for all three major U.S. indices.  MBS bonds conti...

By Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent
(Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional)
Comments 34
If you have a loan with Private Mortgage Insurance or Mortgage Insursance Premium required, this post will answer your question about when or if it will drop off the loan. This information is provided by George Souto. Anna 'Banana' Kruchten is hosting an ActiveRain contest this month titled "FAQ ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 9 basis points today at 103.06 having fallen through and  closed 6 basis points below support offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%.  Whether in New England, th...

By Rodney Mason, FHA 203(k) & HomeStyle Renovation-AL,GA,TN
(On Q Financial)
Comments 2
Make your offer standout in a market where almost every home listing receives multiple bids. Show your Seller that you are serious about closing on time.Use the On Q Financial On Time Closing Guarantee and we guarantee that you will close on time or we will pay the Borrower and/or the Seller $1,0...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 14
Anna 'Banana' Kruchten is hosting an ActiveRain contest this month titled "FAQ Break Into Summer Organized Contest" in which she is challenging us to write 5 new posts with answering 5 consumer FAQ's.  As I have stated on my previous blogs in this challenge, this is an easy one for me.  There are...

By Melissa Jackson, REALTOR® Matching Buyers & Sellers
(United Country Real Estate FW)
Comments 2
 Six Things to Avoid When Purchasing  A Foreclosed Home In Fort Worth Texas  Buying a foreclosure in Fort Worth can be a great way to save money on your new home purchase, but you need to exercise a certain amount of caution. Although foreclosure discounts can significantly lower the cost of a ho...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
“3% of the Purchase Price is usually a Good Number”   Hi Joe- I am working with Amanda and Doug on the purchase of the East Windsor property they discussed with you. We are going to ask for closing costs, can you give me an idea what they will need for closing costs? I am looking forward to worki...