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 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...

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 Trent Dalrymple (248) 854-0625, Helping Mortgage Brokers & LO's Lend Nationwide!
(American Mortgage Bank)
Comments 1
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 Trent Dalrymple (248) 854-0625, Helping Mortgage Brokers & LO's Lend Nationwide!
(American Mortgage Bank)
Comments 3
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 Edward Gomez, Credit Score Boost USA
( Credit Score Boost - USA Credit Solutions)
Comments 7
Our client received great results in a little over 60 days with a 267 total point increase. Your credit score is used as a risk factor by lenders and banking institutions. This can make the difference in getting favorable terms, or even getting approved for the loans or credit you need. This clie...

By Respect Realty LLC, Brokers - Oregon / SW Washington Real Estate
(Respect Realty LLC)
Comments 37
On August 1st, 2008, I took a listing on a short sale that I thought would sell quickly. It had one heck of a view, the bank was only going to be shorted about $15,000, and at the time, my client was even willing to sign a promissory note for that amount. Great news! We had an offer in within 3 d...

By Khash Saghafi, Mortgage Loan Officer, Cleveland Ohio
(Liberty Home Mortgage Corporation)
Comments 7
In times when home prices are rising quickly, multiple offers are coming in on a listed property and buyers are having to offer above asking price, it is important to keep in mind the 4 choices which are available to a homebuyer who is obtaining financing: A key thought in the mortgage industry i...

By Barbara Todaro, "Franklin MA Homes"
(RE/MAX Executive Realty )
Comments 15
Good information provided here by Khash for all potential buyers and real estate agents to remember.... In times when home prices are rising quickly, multiple offers are coming in on a listed property and buyers are having to offer above asking price, it is important to keep in mind the 4 choices...

By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Comments 25
Dealing with Wells Fargo and Eliminating Mortgage Insurance -    Recently, I had the grand idea of getting rid of my Mortgage Insurance. I knew I would have to be Dealing with Wells Fargo to Eliminate Mortgage Insurance, but I figured I was game.   I should say that the only reason I have Mortgag...

By Jerry Thomas-Construction Loans, Construction Loans Conv/FHA/VA
(Cranbrook Loans)
Comments 1
A mortgage application, of any kind, is suppose to be a "snapshot" of the applicant's employment, income, debt, assets and credit worthiness. Don't move while the lender is trying to take this picture!   How do you "stand still" and not jeopardize your approval? Follow these rules; 1. Don't quit ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
 Fannie Mae released its May 2018 Economic and Housing Outlook yesterday revealing that despite a lusterless first three months of 2018, it expects home sales to post decent gains both this year and next, as prices increase and affordability declines amid low inventory. On the economic front, Fan...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed up 34 basis points at  101.26 having remained below resistance offered by the 10 day moving average and closed just 11 points below it.  The 30 year was available at 4.75% day.  Look out for higher rates tomorrow.  The 30 year jumbo for $1 million was at 4....

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 2
“Making a Fee isn’t always Important, service is”     Hi Joe, Thank you again for your time and help with my mortgage.  The mortgage company, XXXXX XXXXXXX that you recommended can help me with a bank statement loan.  They've presented two different scenarios with two different percentage rates, ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
“Hurt Feelings, for Sure!”   He patiently waiting at the customer service desk for my turn. I had come back to return a pair of jeans that were too tight. "Is something wrong with them?" the teenage clerk asked me."Yes," I replied. "They hurt my feelings."The clerk had no response for me.

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
“When Buying Doesn’t Work, Renovations may be the next Option”  Hi Joe - It's been a while since we talked so I hope you remember me :). We were looking to add onto our existing house in the past and decided to look into other options. Well after exhausting the house search we are still consideri...

By Mitun Bhowmick, BG/SBLC FOR LEASE
(Bhowmick LEASING COMPANY )
Comments 18
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 Christopher Hills, Managing Dir. Lending
Comments 0
As banks make it increasingly hard to obtain real estate investment loans, investors are turning to private money loans to bridge the gap.A private money loan comes from a private lending company rather than a bank. The money is often available in days instead of weeks, with less-strict requireme...

By Jesse Ortega, Marketing Strategist
(Private Marketing CO-OP)
Comments 0
Are You Ready To Become The Recruiter & Leader You Imagined You Could Be?For the first time ever, in the history of the mortgage industry, a success program has been created solely to develop company owners and branch managers into high performance team builders and leaders. TheRecruiting and Lea...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 2.62%*CANHOU 06/15/23 [-0.03]       5 Year - 2.31%CAN 1.75 03/01/23 [-0.03]       1.67%                     [-]                       10 Year - 2.91%*CANHOU 12/15/28 [-0.03]       10 Year - 2.50%CAN 2.0 ...

By David Jackson, MBA, Financial lending analyst
(Olympus Labs)
Comments 1
Investing for the first time can be a daunting task. Newbie investors face many challenges, particularly due to a lack of knowledge and experience. If you are thinking about investing for the first time, just be aware of a few potential issues for your awareness.Reigning in the Impulse to Chase F...