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 Pat & Sharon Mistowski, Horizon Lending Services, LLC
(Horizon Lending Services, LLC)
Comments 3
Buying a home is something most people strive for, but many are turned off very early in the process when they begin hearing that conventional loans typically require 20% down or more. For a $100,000 home (which is hard to find as it is), this would mean pulling $20,000 out of pocket just to begi...

By Michael Goodheim, Cash Flow Expert for Real Estate Pros
(Commission Express of Western Washington)
Comments 0
Stop Paying Taxes You Don't Have To Pay!One would think that every real estate professional - every business person - no, every person would wish to pay the lowest amount of taxes that they can possibly pay.  We all want to pay our "fair share" of tax burdens to fund our collective goods - common...

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% 3.19% Fixed 4 Year 3.89% 3.54% Fixed 5 Year 5.14% 3.34% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.99% Variable Rate 2.45% Prime Rate 3.45% Benchmark Rate 5.34% Cost per...

By Nick and Cindy Davis, CRS,CLHMS,ABR,GRI,CIAS,ALHS,e-PRO,CDPE,SFR
(RE/MAX Premier Group)
Comments 1
Subprime mortgages - which were blamed for sparking the last housing crisis - are reappearing, but this time they're dubbed "nonprime" loans. This lending option, which carries new quality standards, is growing for buyers with damaged credit. See details here   Nonprime loans widen mortgage choices

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 Dan Papadapoulis, Home equity loans, second mortgages Toronto
(Mortgage Central Nationwide)
Comments 0
Living on a fixed income can be very financially stressful with the ever increasing cost of everyday living. Are you aware that Canadians over 65 have been getting more in debt lately? This data was shared in a September 2017 report by Equifax Canada and could be a significant factor why more ret...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
Getting a home equity loan is considered to be quite a feat for a lot of people because of perpetuated common myths about home equity loans. Don’t forget that other factors such as being self-employed or having a less than stellar credit history can be a deal breaker with some lenders. So, how tr...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
The National Association of REALTORS® (NAR) released its midyear forecasts revealing that a stronger economy, higher wage growth and a tight labor market are expected to push both home sales and prices higher in 2018. However, low inventories of homes for the sale on the market along with fallin...

By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
Comments 2
On May 15, 2018, The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae & Freddie Mac complated 356,003 refinances in the 1st quarter of 2018, dropped from 446,295 refinances in the 4th quarter of 2017. there were over 4,139 Home Affordable Refinance Program (HARP) in the 1st qu...

By Mike Bjork
(American Pacific Mortgage)
Comments 1
 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 Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 17
If a loan fits within agency guidelines and does NOT get an approval through AUS, it doesn't necessarily mean the loan can't be done.  What you need to know about AUS        AUS is simply the acronym for Automated Underwriting System.  Still with me?  More commonly known in the real estate world ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
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% 3.14% Fixed 4 Year 3.89% 3.54% Fixed 5 Year 5.14% 3.29% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.99% Variable Rate 2.45% Prime Rate 3.45% Benchmark Rate 5.34% Cost per ...

By Trent Dalrymple (248) 854-0625, Helping Mortgage Brokers & LO's Lend Nationwide!
(American Mortgage Bank)
Comments 2
Rob Foley, a Loan Originator in Oklahoma, originated his client's out-of-state mortgage on a Georgia property with our Contract Originator Program and he can help your borrowers too - in all 50 states! Well done Rob!  I wish this was available when I was originating.When I was a loan officer, I c...

By Darin Osenberg
(Funky Quail Vintage)
Comments 43
Hello everyone!  Everyone on AR,and in the Realestate Market...I am sure KNOWS that USDA loans (where applicable) are arguably the BEST PRODUCT OUT THERE!!!  However, did you know that you can purchase a home that needs some LOVE and FINANCE the improvements?  All with NO MORTGAGE INSURANCE AND A...

By Trent Dalrymple (248) 854-0625, Helping Mortgage Brokers & LO's Lend Nationwide!
(American Mortgage Bank)
Comments 4
We're accepting applications for Branch offices Nationwide.   Our platform allows Branch managers and Loan Originators to originate and close loans in all 50 states with no additional state licenses uder American Mortgage Bank's federal registration. With our in-house Processing and Underwriting...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 5
“A Motivational Seminar?”    The speaker starts off the event by asking for some audience participation.He says "How many of you have sex once a day?" Many people raise their hands. "Okay, how many of you do it once a week?" A few more folks raise their hands. "Okay, how about once a month?" A fe...

By Rob Spinosa, Vice President of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Comments 0
Lock Watch for the Week of 5/21/2018 Volatility-O-Meter:"The beatings will continue until morale improves." Economicalendar (all times are Pacific):Mon, 5/21:       Quiet. Tues, 5/22:       Richmond Fed Mfg Index (7am).  2-Yr Note Auction (10am). Weds, 5/23:     PMI Composite Flash (6:45am) and N...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 1
      “You have to Check out Opportunities”  Thank you for the pre-qualification letter. So, here is the update, after I sent all the contracts (buyer broker and purchase and sale), the disclosures, the commission agreement between brokers, had long conversations, including our conversation, I wa...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 3basis points at  101.22 having remained below resistance offered by the 10 day moving average and closed just 14 points below it.  The 30 year was available at 4.75% day.  The 30 year jumbo for $1 million was at 4.50%.  My jumbo pricing is now sizzlin...

By Khash Saghafi, Mortgage Loan Officer, Cleveland Ohio
(Liberty Home Mortgage Corporation)
Comments 4
With inventory being low, some of the selections out there for potential homebuyers need a little TLC. Because of this, renovation loans are a product which must be looked at. Years ago, I heard so many horror stories about these loans that I would just tell people about the nightmare stories I h...