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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 5
   “Bait and Switch is Alive”    Hello Joe, I'm thinking of making an offer on the three family that I looked at. As I shared with you previously I have been speaking with another lender. They were able to offer me a conventional loan at minimum 3% down. They quoted me an interest rate of 4% and ...

By Mike Bjork
(CMG Financial)
Comments 1
http://MikesDailyMarketReport.com: Consumer Sentiment slightly improved from June to July, as it went from 98.2 to 98.4, even though forecasts were calling for higher number, 99.0. Stocks are in Positive Territory. Microsoft is a Big Winner, as they blew out their numbers! More Corporate Earnings...

By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 0
32514 Pensacola Florida News: Fed leaves key rate unchanged, hints of future cuts The rate for adjustable mortgages won’t go lower based on Fed actions, but “uncertainties” about the economy could change that in coming months. Read more Call or Text Charles Stallions Now 850-476-4494 for any of y...

By Rob Spinosa, Vice President of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Comments 11
Should I Get a HELOC? Thankfully, many of our clients are happy with their mortgages.  The interest rate, the terms, the peace of mind --- all are satisfactory and there's no motivation to change or refinance.  But what happens if there's a need to use the equity in the home to finance a remodeli...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 9
“Sounds like Politic to ME!”    Son: "Daddy, I have to write a special report for school, but I don't know what Politics is." Father: "Well, let's take our home as an example. I am the bread-winner, so let's call me Capitalism. Your Mum is the administrator of money, so we'll call her Government....

By Ted Spradlin, Private Money Lending In CA, OR, & WA
(First Capital Trust Deeds dba First Capital Funding, Inc)
Comments 1
  A Bay Area real estate investor acquired this Oakland Hills fixer upper using high-leverage, low upfront cost hard money fix and flip financing from Peer-To-Peer Trust Deeds of Walnut Creek, California.  There were several factors that led to the borrower's 85% Loan-To-Value (LTV) loan approval...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Median home prices hit fresh record highs in the second quarter of 2019 as demand ramped up due in part to low mortgage rates. ATTOM Data Solutions reports that the single-family homes or condos sold for a median price of $266,000 in Q2 2019, up nearly 11% from the previous quarter and up 6.4% fr...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 13 basis points today at 102.41 having closed 239 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England,...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: This week's Initial Jobless Claims rose from last week's revised number (from 209k) of 208k to this week's of 216k. This week's number is important, as it will be used by the BLS with their Jobs numbers for July. This will be released Aug. 2nd. Manufacturing reb...

By Stella Barbour, Principal Broker, Serving Virginia and Maryland
(NoVa Brokers LLC)
Comments 7
I was just speaking to a friend of mine who just had her mortgage loan switched from Wells Fargo Home Morgage to Specialized Loan Servicing.  Her loan was one that wasn't supposed to be sold and after all of the years gone by they sold it.  She looked up the reviews and there are so many recent c...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 0
Conventional 30 year Mortgage: 3.625%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.765%FHA 30 year: 3.5% Credit Score:740LTV:96.5%loan amount:$300kAPR: 4.4%Conventional 15 year: 3.0%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.245% Rates are Subject to ChangeCall me today if you are thinking o...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
For the second straight month, new home construction declined in the US due in part to builders unable to find inexpensive lots to build on, a lack of skilled workers and higher prices. The Commerce Department reports that housing starts fell 1% in June from May to an annual rate of 1.253 million...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 16 basis points today at 102.25 having closed 225 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England,...

By Mike Bjork
(CMG Financial)
Comments 2
http://MikesDailyMarketReport.com: Housing Starts dropped from 1.265 million annualized units in May to 1.253 million in June. Building Permits dropped from 1.299 million annualized units in May to 1.220 million in June. The Fed Beige Book, which reports the Fed's economic view of the various reg...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 0
  With the unexpected drop in interest rates this year I thought it would be a fun exercise to look at the average mortgage payment and what effect rates has on your buying/borrowing power. A quick Google search shows NJ's average mortgage payment to be $1,355/month (nationally that number is jus...

By Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 2
Whether you are a Real Estate Agent or a Mortgage Lender…WE ARE REAL ESTATE PROFESSIONALS, and it is our underlying duty to help our clients manage through transitions in their lives. We help people manage their way through life transitions There are 2 types of transitions our Clients experience ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
A solid labor market coupled with rising home prices has pushed the overall mortgage delinquency rate to its lowest in more than 20 years, reports CoreLogic. The 30 days or more delinquency rate for April was 3.6%, down from 4.3% in April 2018. In addition, no state posted an annual gain in its o...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 3 basis points today at 102.09 having closed 211 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
The Dow Jones Industrial Average (27,332), S&P 500 (3,013) and NASDAQ (8,244) stock indexes all closed at record highs on Friday and are near unchanged this morning after positive economic news out of China along with solid quarterly earnings from Citigroup. Goldman Sachs, JPMorgan and Wells Farg...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
You may be planning to get HELOC to pay for school, finance a home renovation project, or just want access to your home equity for emergencies and the like. For a lot of homeowners, a HELOC is a good borrowing option with relatively low interest as compared to other types of loans. Having a low-i...