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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 19
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 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 at l...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 8
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 answering 5 consumer FAQ's.  This is an easy one for me, because there are at least twice that number of questions that I am aske...

By John Meussner, #MortgageMadeEasy Costa Mesa, CA 484-680-4852
(Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 27
How Does the Fed Affect Mortgage Rates?       What does the Fed do to mortgage rates?  In the words of the late Edwin Starr, "Absolutely Nothin'".  Yesterday. Janet Yellen announced a .25 increase in the Fed funds rate, and those in the real estate industry seemed quick to scare the pants off of ...

By Christian Penner, Your Mortgage Lender - 561-316-6800
(The Christian Penner Mortgage Team)
Comments 0
2 Myths Holding Back Home BuyersIn Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.”Myth #1: “I Need a 20% Down Payment”Buyers overes...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
While MBS bonds continue to try to find their way higher, they are encountering some moderate chop in the waters.  The talk of continued accommodation in the European community has caused pundits here to doubt whether further rate hikes will be sustainable here in the short run.   As we observed ...

By Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com
(Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.)
Comments 6
So, I got in the mortgage business in the late 70's (before ECOA or Fair Lending, to be honest!). In the early '80's I decided to become a loan officer (which was unheard of for a woman to be in the sales department vs. behind a desk!) I convinced my husband, Jim, to give up his CPA profession an...

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 Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 1
Let’s be honest with ourselves, the most compelling reason why homeowners choose to go forth with having a home renovation is not for aesthetic reasons but for increasing the home’s value. In today’s blog post, we are sharing with you some of the best home renovations that can drum up a return of...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
There are so many reasons why people would consider taking a second mortgage. You might be thinking of getting one as of this very moment and is just isn’t sure yet if you should go for it.The first question you should ask yourself when taking any kind of loan is how beneficial it would be for yo...

By Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com
(Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.)
Comments 4
Have you ever wondered who is allowed  (or required!) to pay what fees. Hopefully, this chart will help!  Fee/Expense Borrower Seller 4% Concession 1% origination fee x x   Discount Points-customary x x   Discount Points-to permanently buydown interest rate x x x Escrowed Funds for temporary buyd...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Core Lending)
Comments 0
Conventional 30 year Mortgage: 4.125%Credit score:740LTV:95%Loan Amount:$300kAPR: 4.54%FHA 30 year: 4%Credit Score:740LTV:96.5%loan amount:$300kAPR:5.07%Conventional 15 year: 3.5%Credit score:740LTV:95%Loan Amount:$300kAPR:3.993% Rates are Subject to ChangeCall me today if you are thinking of ref...

By Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com
(Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.)
Comments 6
While searching the internet for an industry one liner for our meeting this morning, imagine my surpirse...One of the best I found was from a blog post done in 2007 by one of our own Rainers!! Ready? So you have all heard about Robin Hood's house, right? Ready???IT HAS A ... LITTLE JOHN!!        ...

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
“Is there a Lesson Here?”  An elderly couple returned to a Mercedes dealership where the salesman has just sold the car they were interested in to a beautiful, leggy, busty blonde. "I thought you said you would hold that car till we raised the $75,000 asking price," said the man. "Yet I just hear...

By Stephen Katz, Branch Manager, CMPS
(Katz Mortgage Team, a branch of VanDyk Mortgage Corporation)
Comments 0
The number one question that we get asked every day from potential clients is, “What is your current interest rate?”If only that question had a simple answer. If it were as easy as just spouting off a percentage, you might not even need us. That’s because understanding and getting your interest r...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mario Draghi of the European Central Bank was back in the news today as he suggested the level of stimulus required to get the European economy moving was only "considerable" stimulation rather than "very substantial".  Exactly what that means is not clear but I assume we will find out as we vies...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 3 basis points today at 103.00 having climbed to within 1 basis point of 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 Atlant...

By Nick and Cindy Davis, CRS,CLHMS,ABR,GRI,CIAS,ALHS,e-PRO,CDPE,SFR
(RE/MAX Premier Group)
Comments 0
After months of trying to find just the right home, making some offers, and even perhaps competing with other buyers, you finally have a deal on your perfect home. It took some negotiations, nevertheless, you and the seller are at terms with the contract and credits. See details here Specifics Ho...

By Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com
(Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.)
Comments 0
If there is one standard reason given for not considering a VA loan over other options, it's about the VA funding fee. So, "drop the mic"! It's time to crush a few misconceptions! If you are qualified, keep reading.  If your are not sure, click VA lOAN OVER VIEW.First, there is no better NO DOWN....

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Well today instead of rallying as Thursday and Friday's charting suggested, MBS bond traders pretty much threw in the towel.  It was actually Mario Draghi, President of the European Central Bank (ECB) who set the dampening tone stating the inflation was dragging behind expectations.  Despite the ...