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 Bill Kamboukos
(Strategic Mortgage)
Comments 2
There are many articles written on what things to do, when applying for a home mortgage loan. However, in this article, we will discuss some common mistakes seen when applying for a home mortgage. Avoiding all of the items listed below in this article, will increase your chances of not only getti...

By Bill Kamboukos
(Strategic Mortgage)
Comments 1
A lender credit is exactly what it sounds like, a credit from your lender to be used pay for closing costs and settlement charges. Much is often discussed in regard to minimum down payments when purchasing a home, but one area that is often overlooked is the area of closing costs. On a $250,000 h...

By William J. Archambault, Jr.
(The Real Estate Investment Institute )
Comments 19
Standing Before The Bar / Why We Hate Applying For A Loan    I was 21 and out of the Marine Corp just ten days when I went to work for a small loan company, a week later I was making loan decisions affecting peoples lives. Just two weeks more and I was in the field making collection decisions tha...

By Barbara Todaro, "Franklin MA Homes"
(RE/MAX Executive Realty )
Comments 9
Khash's post provides us with information that everyone in the industry should understand.... until I read his post, I did not know how to pose that all important question....now, I have a solid understanding of the word "Overlay." The world of mortgage lending is confusing to many and what is ev...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
“It’s not what you say, it’s how you say what you say!”   Six-year old Angie and her four-year old brother, Joel, were sitting together in church. Joel giggled, sang and talked out loud. Finally, his big sister had had enough. "You're not supposed to talk out loud in church.""Why? Who's going to ...

By Khash Saghafi, Mortgage Loan Officer, Cleveland Ohio
(Liberty Home Mortgage Corporation)
Comments 3
Did you know that the FHA does NOT require handrails, gfci's and other similar items to be present on a home? The decision is the Appraiser's as to whether or not the missing handrail or missing GFCI is a safety issue. If the Appraiser determines that it is, they can require it to be repaired or ...

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 3.04% 2.99% Fixed 2 Year 3.24% 3.19% Fixed 3 Year 3.44% 3.04% Fixed 4 Year 3.89% 3.39% Fixed 5 Year 5.14% 3.19% Fixed 7 Year 5.30% 3.39% Fixed 10 Year 6.10% 3.84% Variable Rate 2.40% Prime Rate 3.45% Benchmark Rate 5.14% Cost per ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed up 9 basis points today at 102.25 resting 12 points below resistance offered by the 25 day moving average.  The 30 year was available at 4.50% day.  The 30 year jumbo was also at 4.50%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere el...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Today was a good day for banking stocks as Wells Fargo, J.P. Morgan and Chase and all exceeded profits projections and both J.P. Morgan and Wells Fargo had better than expected revenue as well.  meanwhile gold was at $1,345 and ounce oil was at $67 per barrel and the 10 year Treasury moderated at...

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 - 2.43%*CANHOU 06/15/23 [+0.01]       5 Year - 2.10%CAN 1.0 03/01/23 [+0.01]       1.62%                     [-]                       10 Year - 2.66%*CANHOU 03/15/28 [+0.03]       10 Year - 2.25%CAN 1.0 0...

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 2
   “Delighted to be part of the Journey”    Hi Joe and your Right Trac teamThank you for your support and guidance during this journey that XXXXX and I took to refinance our home, XXXXX and I really appreciate what you guys have done for us, we know it wasn’t easy.  It took a serious amount of wo...

By Joe Lattanzio
(Russell Real Estate Services)
Comments 1
  Owning a home is important to military veterans just like the majority of other consumers.  The Veteran’s Administration has provided an exceptional benefit for those who have served (or are currently serving) in any of the armed forces. And this VA Loan Program is helping thousands of service ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 12
“Food for Thought”   Can you cry under water?How important does a person have to be before they are considered assassinated instead of just murdered?Why do you have to 'put your two cents in'... But it's only a 'penny for your thoughts'?  Where's that extra penny going to?Once you're in heaven, d...

By Jack Schiavo, Mortgage Financing in Arizona
(AmeriFirst Financial, Inc.)
Comments 0
Join us for this informative Continuing Education Class!  Leave with valuable information on how you can bring value to your clients and ensure that home ownership eligibility is not lost! 

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 Stephen Katz, Branch Manager, CMPS
(Katz Mortgage Team, a branch of VanDyk Mortgage Corporation)
Comments 0
 Thousands of people around the country move to metro Atlanta which led demand high rental rates over the past years. Even San Francisco, which is known for its remarkably competitive and high-priced rental market, has fallen behind. There has been an escalation in apartment stock where the intow...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
Finishing your basement isn’t just about increasing your living space, it is an investment in home improvement that can significantly affect you home’s value and increase your home equity when done right.You have to make sure that you take certain precautions to ensure that your new finished base...

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 Interes...

By Angelo Cusinato, CRMS, CMC, Mortgage Specialist NMLS # 207204
(First Centennial Mortgage)
Comments 3
I recently received a call from someone looking to refinance a current mortgage.  She had already been approved by Rocket Mortgage but a Realtor friend suggested that maybe the easy way wasn't the smartest way to get a mortgage.  She called, sent me her disclosures and I was shocked to see the ex...