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 Joan Cox, Denver Real Estate - Selling One Home at a Time
(Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373)
Comments 24
Many homeowners look at the total amount they will pay over the 30 year mortgage, and feel overwhelmed.    There is a silver lining, by paying extra principle payments during this 30 year mortgage.    We are seeing many homeowners in Denver with huge equity in their homes now with home values inc...

By Bill Ladewig, Experience Is Your Advantage
Comments 1
MORTGAGE INTEREST RATE LOCK ADVISORY January 9, 2017, 7:55 AM PT  1-15 Day Close:   LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day.   Click for current Lock Advice  _____________________________________________________________________________  MARK...

By John Handschuh, Realtor ABR SRES, Horsham Real Estate
(RE/MAX Action Realty)
Comments 1
Buying your first home can be overwhelming, and one of the most intimidating components is the escrow account. What is an escrow account, what is it used for and is it really necessary? Keep reading to learn everything you need to know about escrow accounts. 1. What is an escrow account? An escro...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“I Need Your 2016 Tax Returns to Make the Debt Ratio Work”   Hi Joe,Happy Holidays!  I'd like to look into doing a refi on both rental properties as soon as I get my 2016 taxes done.  My debt to income should be considerably better.  Should we get it going now?Regards, Mike For self-employed borr...

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% 2.29% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.49% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.09% 10 YEARS 6.10% 3.69% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.30%

By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 11
Do to the unfavorable changes FHA has made in recent years, Fannie Mae has become the favorable Loan Product, but not as favorable as it could be due to the Fannie Mae Loan Level Price Adjustments (LLPA).  Fannie Mae Loans may be currently the preferred loan product over FHA Loans, but they come ...

By Luke Skar, www.MadisonMortgageGuys.com
(Inlanta Mortgage of Madison)
Comments 4
Staying away from something that seems good is a crazy idea, right? Nobody willingly avoids an extra day of vacation or a chance to eat one of their favorite meals. However, too many prospective home buyers avoid using a USDA Rural Housing mortgage. The reason is actually ironic; many people thi...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 8
“Men and their Pictures”  A woman ran a red traffic light and crashed into a man's car. Both of theircars are demolished but amazingly neither of them was hurt. After they crawledout of their cars, the woman said, "Wow, just look at our cars! There's nothingleft, but fortunately we are unhurt. Th...

By Christopher Pataki, Hockessin Delaware Real Estate
(Berkshire Hathaway HomeServices)
Comments 0
While the idea of budgeting may seem like a simple task, sitting down to write out a budget can leave even the most frugal among us scratching their heads. Thanks to the age of the smartphone, we have more options than scribbling out a budget on notebook paper.Not all financial apps are created e...

By The Temple Team, Specializing in Lake Norman Real Estate
(THE TEMPLE TEAM)
Comments 1
 Beginning January 1st - 2017,  households will be able to get larger FHA loans for their home purchase. In high-cost areas like San Francisco and Washington, D.C., borrowers will be able to get loans as high as $636,150, almost $11,000 more than what they were able to get in 2016. In low-cost ar...

By Russell Smith, Team Move Creator - Ask me your tough questions!
(Team Move OVM Financial)
Comments 1
Well, 2016 is over and what a year it was! The real estate market had a great year which was supported by very low rates and an improving economy. As a mortgage lender, we try to do more than just close mortgage loans. Providing education is a cornerstone belief of our team. So we have compiled t...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 38 basis points today at 102.50 having given up most of yesterday advance and came to rest 205 basis points below the 200 day moving average.   The 30 year was at  4.25%  once again today.  If you have a rate of 5% or more it is still not too late to r...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up a whopping 57 basis points today at 102.88 and came to rest 167 basis points below the 200 day moving average.   The 30 year was at  4.25%  once again today.  If you have a rate of 5% or more it is still not too late to refinance; especially for those ju...

By Michael Goodheim, Cash Flow Expert for Real Estate Pros
(Commission Express of Western Washington)
Comments 0
Who the Heck is this Commission Advance Company? You get lots of offers in the mail - from vendors that say they will help you with your real estate business.  You get emails, postcards, phone calls - some of them you've heard of, some of them you know.  But most of them are companies you have ne...

By Bill Ladewig, Experience Is Your Advantage
Comments 1
MORTGAGE INTEREST RATE LOCK ADVISORY January 6, 2017, 7:55 AM PT  1-15 Day Close:   LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day.   Click for current Lock Advice  _____________________________________________________________________________ MARKE...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
“Love having a local institution set up a Secured Credit Card”  Thank you for the two referrals Joe. I will call them and set up their secured credit card accounts. I also sent a client to you. Her name is Aida XXXXX. She will be calling you between now and the beginning of the year. Unfortunatel...

By Mike Bjork
(American Pacific Mortgage)
Comments 2
  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's driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interes...

By Matt Brady, Lending With Competence And Character
(Skyline Home Loans)
Comments 0
Fixed mortgage rates, which have been on a tear since the presidential election, retreated this week, falling for the first time in nine weeks.According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 4.2 percent with an average 0.5 point. (Points ar...

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 - 1.63%*Canada housing 06/15/22 [-]       5 Year - 1.11%CAN 0.75 09/01/21 [-]       0.96%                      [-]                        10 Year - 2.31%*Canada housing 06/15/27 [-0.01]       10 Year - 1....

By Michael Haigh, Branch Manager/Top Producing Sr. Loan Officer
(The Michael Haigh Team)
Comments 3
Good Afternoon! Wishing a very happy and productive 2017 New Year!  Looking forward to another fantastic year of assisting my clients obtain their dreams of home ownership!  Please don't hesitate to call me at (650) 409-5918!All the best,  Mike