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 Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
New mortgage rules made household lending a bit trickier for the first quarter of 2018, shared Bank of Canada. This development regarding the OSFI mortgage stress test that started in January led to more Canadians going to loan sharks and to private lenders because they can’t qualify for a bank m...

By Khash Saghafi, Mortgage Loan Officer, Cleveland Ohio
(Liberty Home Mortgage Corporation)
Comments 24
The world of mortgage lending is confusing to many and what is even more confusing to borrowers and real estate agents is the difference in information for qualifying from one lender to another. This is why everyone must first learn the word OVERLAY.  What does overlay mean in the context of mort...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed flat today at 101.75 having fallen through support offered by the 10 day moving average and closed 9 points below it.  The 30 year was available at 4.625% day.  The 30 year jumbo was at 4.375%.  My jumbo pricing is now sizzling!  Whether in New England, the...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
“Yes, a Second Mortgage is available”     Hey Joe, How are you and the family?  I was wondering if you still have people who do second mortgages I have had a huge amount of expenses and need to get a 2nd to pay off all or as much of my debt as possible.  I make enough money but between what I had...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Tech giant and popular iPhone maker Apple is in the works to introduce a credit card with the help from powerhouse investment banking firm Goldman Sachs. The card will be branded with Apple Pay, the technology giant’s mobile payment and digital wallet platform. The partnership is two-fold with Ap...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
 “None of Us would be this Stupid?”  Several days ago, as I left a meeting at a hotel, I desperately gave myself a personal "TSA pat down." I was looking for my keys. They were not in my pockets. A quick search in the meeting room revealed nothing. Suddenly I realized I must have left them in the...

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 - 2.53%*CANHOU 06/15/23 [+0.01]       5 Year - 2.21%CAN 1.75 03/01/23 [-]       1.62%                      [-]                       10 Year - 2.80%*CANHOU 12/15/28 [-]       10 Year - 2.38%CAN 2.0 06/01/2...

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 0
Home equity is a huge asset that you can use to help you fund some projects, finance investments, or use as emergency cash with the help of a home equity loan. There no one specific way to best use a home equity loan but by understanding what it is, you’ll be better equipped to decide how to use ...

By Trent Dalrymple (248) 854-0625, Helping Mortgage Brokers & LO's Lend Nationwide!
(American Mortgage Bank)
Comments 6
If you're happy where you are, then congratulations! But if you're dreading Monday, maybe it's time for a change.  Consider one of these career offerings! (Click below) (Please SHARE, you may help someone find their dream job! ) Send your resume to Jobs@AmericanMB.com if you have a minimum of 2 y...

By Bob Thompson, 562.344.5626 | ALT Doc, No Income HELOCs, BT Capital Advisors - Commercial & Residential
(BT Capital Advisors, CEO/Senior Account Executive)
Comments 0
Bob Thompson, CEO/Senior Account Executive, BT Capital AdvisorsEnd-to-end Lending Advisors providing unique access to Hedge Funds, Private Money, Private Party, REITs, CMBS, Community, Regional & Global Bank mortgage products nationwide. I know the dynamics of the market and will Identify, Market...

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 Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed up 19 basis points today at 101.75 having once again broken through resistance offered bythe 10 day moving average and closed 1 point above it.  The 30 year was available at 4.625% day.  The 30 year jumbo was at 4.375%.  My jumbo pricing is now sizzling!  W...

By Mark and Laura Anderson, Common Name - Uncommon Service
(Keller Williams Premier Realty)
Comments 0
The Home Buyer's Guide to Getting Mortgage Ready  Don’t wait until you’re ready to move to start preparing financially to buy a home. If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common d...

By Khash Saghafi, Mortgage Loan Officer, Cleveland Ohio
(Liberty Home Mortgage Corporation)
Comments 3
Just a quick fyi for your buyer's who are a little short with funds to close: VA: All money could be gifted from a family member.FHA: All money for the down payment and closing cost can be gifted from a family member.Conventional: All money for the down payment, closing cost and reserves can be g...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 1
Getting a second mortgage isn’t as simple as marching to a bank and telling lenders that you want to take a loan against your home equity. Although a second mortgage is just defined as a loan against the equity you’ve built up for your home, getting one is a complicated process that can result to...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
Applying for a second mortgage is no light decision because it is a loan that can take your home away from you if not paid back according to the terms you’ve agreed to. On the other hand, it allows you to access your equity without having to sell your home. With this in mind, it follows that a ca...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Consumer prices cooled a bit in April after spiking early in the year, helping to ease rising inflation fears. The numbers revealed an uptick in energy and food prices which was offset by a decline in demand for used cars and trucks. The Bureau of Labor Statistics reports that the headline Consum...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 0
Conventional 30 year Mortgage: 4.5%Credit score:740LTV:95%Loan Amount:$300kAPR: 5.04%FHA 30 year: 4.75% Credit Score:740LTV:96.5%loan amount:$300kAPR:%5.976Conventional 15 year: 4.125%Credit score:740LTV:95%Loan Amount:$300kAPR: 4.572% Rates are Subject to ChangeCall me today if you are thinking ...

By Julie Chroust, NMLS# 249458, Senior Loan Officer
(Julie Chroust, Bay Equity Home Loans, LLC)
Comments 4
Don't Accept just a Pre-Approval Letter Why a buyer needs to get "DU" (Desktop Underwriting) Approved rather than just pre-approved.  There is a big difference between the two: Without good preparation, many buyers think that if a lender pre-qualifies or pre-approves them for a mortgage its a don...