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 Jason Heyl, Reverse Mortgages Made Simple
(Good Day Reverse, Inc.)
Comments 0
The reverse mortgage allows homeowners to take money in (3) different ways: lump sum, line of credit and monthly payment. A homeowner can choose any combination of these three forms when completing their reverse mortgage. Currently, the most popular form is the line of credit feature. The line of...

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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
   “Retire? What a Crazy Idea”    Hey Joe, Seller said no to my offer... It's all good... That will give us a chance to get our house in order, purge some stuff, pay off some bills and save up for insurance, inspector and appraiser.  Now, my question to you how bad of a hit on our credit is it go...

By Bill Kamboukos
(Strategic Mortgage)
Comments 12
The conventional home loan limits for Fannie Mae and Freddie Mac backed conventional mortgages has been increased from $424,100 in 2017, to $453,100 for all new conventional home loans in 2018.            That also means that for VA loans, the base loan limit is now also $453,100 to qualify for a...

By Jason Heyl, Reverse Mortgages Made Simple
(Good Day Reverse, Inc.)
Comments 0
What is a HECM? The answer is quite simply a reverse mortgage is just a mortgage! However the reverse mortgage happens to be a program that offers benefits and advantages that no other mortgage in the market offers. A revere mortgage offers flexibility allowing homeowners several different ways t...

By Gary Frimann, REALTOR and Broker
(Eagle Ridge Realty / Signature Homes & Estates)
Comments 14
SHORT SALE FRAUD   Just over two months ago, I wrote a piece about short sale fraud titled Fraud upon Fraud... (upon fraud) It got a tremendous response from my fellow 'Rainers.  I've heard a lot of talk about lately.  I've heard that it has become common for agents to see it throughout Californi...

By Gustavo Torres / RE/MAX Rosarito Beach, Tijuana Coastal, Ensenada, BAJA, Remax Baja Realty, Baja California
(Remax Baja Realty)
Comments 0
Types of guarantees for Baja real estate and elsewehereBefore knowing the differences between Aval and Surety it is more important to know what is a guarantee and its types.A warranty is the way to ensure the creditor will receive payment of the debt, plus legal accessories, including interest, p...

By Rob Spinosa, Vice President of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Comments 1
Lock Watch for the Week of 8/20/2018 Volatility-O-Meter:Kind of a quiet week ahead.  Who's up for heading to the beach one last time? Economicalendar (all times are Pacific):Mon, 8/20:       Quiet. Tues, 8/21:       Quiet.   Weds, 8/22:     Existing Home Sales (7am) and FOMC (11am).   Thurs, 8/23...

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 Khash Saghafi, Mortgage Loan Officer, Cleveland Ohio
(Liberty Home Mortgage Corporation)
Comments 5
I always tell people that the first step of seeing if someone qualifies to buy a home, is to check their credit. I say that it takes 3 things to qualify for a mortgage:1) Credit -- Credit determines if you can even GET a loan2) Income -- Income determines how BIG of a loan you can get3) Money -- ...

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 3.04% 2.99% Fixed 2 Year 3.24% 3.19% Fixed 3 Year 3.44% 3.24% Fixed 4 Year 3.89% 3.54% Fixed 5 Year 5.14% 3.34% Fixed 7 Year 5.30% 3.49% Fixed 10 Year 6.10% 3.94% Variable 2.65% Prime 3.70% Benchmark 5.34%

By Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
(RE/MAX Centre Realtors)
Comments 12
Here are some down payment basics:   Conventional:   Minimum is 5% (there are some 3% options), but the basic for everyone with no strings attached is 5% (this goes for condos, manufactured homes, modular and single family homes). On a 2-family home, the minium down payment is 15% Minimum on a s...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 16basis points today at 101.97 having remained above support offered by the 50 day moving average and closed 18 points above it. The 30 year was available at 4.625% day. My jumbo pricing is now. sizzling! The 30 year jumbo for $1 million was at 4.375%.Wh...

By Barbara Todaro, "Franklin MA Homes"
(RE/MAX Executive Realty )
Comments 6
Here's a very important post with a list of common methods of financing and the down payments acceptable for each of them.... Back To Basics are always welcomed.... rules change and they change often.... Here are some down payment basics:   Conventional:   Minimum is 5% (there are some 3% options...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Home price gains continued in July though at a slightly slower pace than what the market has been seeing the past few years. Real estate brokerage Redfin reports that home prices rose 5.3% from July 2017 to July 2018 to a median price of $307,400. The rate of price gains has been declining for th...

By Bill Kamboukos
(Strategic Mortgage)
Comments 0
When it comes to purchasing a home or refinancing a home loan, the most common financing used is the conventional loan. These home loans are backed by either Fannie Mae or Freddie Mac and offer attractive terms for most homeowners, if they meet the guidelines of the program. This article will pro...

By Mitun Bhowmick, BG/SBLC FOR LEASE
(Bhowmick LEASING COMPANY )
Comments 34
We are direct provider for BG/SBLC specifically for lease, at Leasing Price: 3.5% of Face Value plus (0.5+X)% commission fees to brokers, Issuance by HSBC Bank London , Barclays Bank London,ICBC (London) Our BG/SBLC Financing can help you get your project funded, loan financing by providing you w...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 5
“The English Language can be a Challenge”    The pastor asked if anyone in the congregation would like to express praise for answered prayers. Suzie Smith stood and walked to the podium. She said, "I have a praise. Two months ago, my husband, Tom, had a terrible bicycle wreck and his scrotum was ...

By Gary Frimann, REALTOR and Broker
(Eagle Ridge Realty / Signature Homes & Estates)
Comments 5
CA Governor signed into law (effective January 1, 2013) a Bill of Rights for California homeowners. The following is a good summation, taken right from the Attorneys General page describing what is in the law(s).  This is important information to pass on to our clients, and possible tenants that ...

By Bob Thompson, 562.344.5626 | Stated Income & HELOCs, BT Capital Advisors - Commercial & Residential
(BT Capital Advisors, CEO/Senior Account Executive)
Comments 0
#FIXandFlip - 25% down - 1yr loan ! * True #StatedIncome* 3 months reserves requirements* Close in days not months pic.twitter.com/Md25ptQHfo— BTCapitalAdvisors.com (@4BobThompson) July 26, 2018