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 Dennis Dahlberg
(Level 4 Funding )
Comments 0
What are the key differences between a commercial and residential mortgages Texaxs and how can they impact you as a small business owner? Learning these differences can help you develop a strategy to secure the financing you need.Understanding the nuances of the commercial versus residential real...

By Dennis Dahlberg
(Level 4 Funding )
Comments 0
Securing a Texas commercial mortgage can be a daunting process. It is important for you as a borrower to understand the basic characteristics of the institutions that provide these loans.Getting a mortgage to purchase commercial space can be a long process. Before you begin, know where you are a...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
“Five Pre-Qualification Letters Later”   Hello Joe! Well, that time has finally come! Looking to apply for the mortgage now that the contract and offer has been accepted. I've attached a copy of the contract to this email for you to review. I'm sure we will need to verify some information to appl...

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 Lee Keadle, Keadle Real Estate Group
(Carolina One Real Estate)
Comments 2
Most home buyers are familiar with the interest rates that come with mortgages. Interest rates for home loans have gotten a lot of attention in the news recently because they're the lowest they've been in decades. Right now, interest rates are in the five to seven percent range for conventional ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) were down 12 basis points today at 103.47 having come to rest 90 points above support offered by the 200 day moving average. The 30 year conforming was available at 3.75% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or the Midw...

By Sandy Padula and Norm Padula, JD, GRI NMLS#1483386, Presence, Persistence & Perseverance
(Realty One Group)
Comments 47
This post from George Souto hold highly valuable information that might just make you the immediate best friend to your clients for life. Thanks, George! There are major property issues when a marriage ends in divorce.  The same is true when two people who are not married purchase a property toge...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
I now offer a program for sell-employed borrowers.  We all know that the profits from self employed enterprises can ebb and flow just like major corporations do.  For that reason, I have an investor that instead of asking for two years of tax returns, requires only one.  Let's say that Bob's Elec...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) were up 6 basis points today at 103.59 having come to rest 102 points above support offered by the 200 day moving average. The 30 year conforming was available at 3.75% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or the Midwes...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Many banks allows non owner occupied co-borrowers.  Normally, however, there are limitations on how much of the total income allowed can be theirs.  A new program I just received allows fully blended ratios with a Non-occupant Co-borrower.  It also allows unlimited cash out, delayed financing, in...

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
We had our regularly scheduled National Sales Meeting yesterday.  The meeting is used as a forum to introduce updated marketing materials, changes in underwriting and processing procedures and among many other items new mortgage programs.  A new investor rolled out programs for non-traditional bo...

By Lee Keadle, Keadle Real Estate Group
(Carolina One Real Estate)
Comments 1
When underwriters consider your home loan application and credit history, they generally look for 6 basic factors. That being said, know that underwriters do show a degree of variation in the ways they assess a potential borrower's risk. After all, underwriters are human beings - not computer pr...

By Lee Keadle, Keadle Real Estate Group
(Carolina One Real Estate)
Comments 0
In the past 30 years, interest rates have ebbed and flowed significantly in a financial tide of home mortgage offerings. Near the beginning of the 1980s, for example, rates for traditional 30 year, fixed rate mortgages were around 18 percent. Right now, though, we're seeing rates for the same ty...

By Bob Thompson, 562.344.5626 | ALT-Doc, No Income HELOCs and Private Money, AltDocLoan.com - Residential and Commercial Loans
(Wholesale Account Executive)
Comments 0
No Income, Verified Asset - NIVA Loan for Investment and Owner-Occupied Properties. 680 mid FICO, SFR's, 1-4's, Condos and PUD'sTerms: 15 years fixed on Investment property3/1 ARM, 30 year term from 4.25%, 5/1 4.5%, 7/1 4.75%.            Purchase: 70% LTV to 2M, up to 100% of the downpayment can ...

By Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce - Short Sale
(Keller Williams 414-525-0563)
Comments 16
      There are soooo many fingers that can point when financing fails.....the Buyer should/should not have/didn't... The Selling agent should....the Lender could...the excuses are many and varied...to our minds, very few of them valid if everyone does their homework.    Once a long time ago in t...

By Trent Dalrymple (248) 854-0625, Helping Mortgage Brokers & LO's Lend Nationwide!
(American Mortgage Bank)
Comments 2
August 11th - Today in American History1874 - A patent for the first practical sprinkler system for fire protection was given to Harry S. Parmelee.  Objecting to high insurance rates he had determined this was the best way to protect his piano factory and reduce his rates. 1896 – Bridgeport, CT i...

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 5
“Never would have thought of that use for Gas”   A little girl asked her Mom, "Mom, may I take the dog for a walk around the block?" Mom replies, "No, because she is in heat." "What's that mean?" asked the child. "Go ask your father. I think he's in the garage." The little girl goes to the garage...

By Trent Dalrymple (248) 854-0625, Helping Mortgage Brokers & LO's Lend Nationwide!
(American Mortgage Bank)
Comments 1
The problem many mortgage brokers and loan originators have is competing with larger "nationwide" mortgage companies.  It's not that smaller brokers can't compete, fact is most are extremely competitive. Many can't help a borrower with a loan unless it's for a property in states they're licensed....