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 Fred Griffin, Licensed Florida Real Estate Broker
(Fred Griffin Real Estate)
Comments 13
     "Most bank statement requests have to do with assets and reserves.  A lender wants to see that you have the cash that’s needed to close your mortgage loan in an account where the funds can be traced.  The lender needs to ensure that the funds aren’t borrowed or obtained through another means...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
As I am sure you remember, today the Fed's Open Market Committee completed its two day meeting and concluded with some statements and a news conference.  Essentially they did not raise the fed funds rate and said that it would be below normal for some time, they stated that they had moved closer ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 13 basis points today at 101.78 having closed 30 basis points below resistance offered by the 25 day moving average.  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, t...

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 David Jackson, MBA, Financial lending analyst
(Olympus Labs)
Comments 1
If you’re anything like most young Americans just breaking into the workforce, you probably aren’t saving for retirement. For many young people, the reason they don’t save is that they feel like they aren’t making enough money to start. The truth is that it doesn’t matter how much you make, even ...

By Lance Morgan, NMLS#742281
(Fairway Independent Mortgage Corporation - FIMC NMLS#2289 Equal Housing Lender)
Comments 0

By John Meussner, #MortgageMadeEasy Walnut Creek, CA 484-680-4852
(Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 14
Tahoe Takeaways Part I - The Market       Each year, Mason McDuffie holds a summit in Incline Village, Nevada on Lake Tahoe at the Hyatt Regency.  This event rewards top producers and offers up a weekend of comaradarie, great speakers, food, drinks, and some of the best scenery in all of Californ...

By Eileen Burns, FL Probate Agent, Hotel & Land Specialist
(Trans State Commercial RE Ft. Lauderdale/Miami/Palm Beach)
Comments 1
My friend and business colleague, John Meussner attends events that increase his revenue and ability to continue to be of service to buyers who need loans.  He also shares within his #ActiveRain community and the public so we get a handle on the day-to-day business we engage in to help buyers rea...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 13
“Food for Thought”   Can you cry under water?How important does a person have to be before they are considered assassinated instead of just murdered?Why do you have to 'put your two cents in'... But it's only a 'penny for your thoughts'?  Where's that extra penny going to?Once you're in heaven, d...

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: 4.625% Credit Score:740LTV:96.5%loan amount:$300kAPR:%5.976Conventional 15 year: 4.0%Credit score:740LTV:95%Loan Amount:$300kAPR: 4.447% Rates are Subject to ChangeCall me today if you are thinking ...

By Stephen Katz, Branch Manager, CMPS
(Katz Mortgage Team, a branch of VanDyk Mortgage Corporation)
Comments 0
Living the Dream? For most that means buying a house and paying off all debt as quickly as possible. That’s a great dream yet here’s a few reasons why keeping your mortgage will work to your benefit.  Did you know there are many scenarios where it may not be in your best interest to pay off your ...

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 0
Mortgage backed securities (MBS) closed up 3 basis points today at 101.72 having broken through resistance at the 10 day average and closed 38 basis points below resistance offered by the 25 day moving average.  The 30 year was available at 4.625% day.  The 30 year jumbo was at 4.50%.  Whether in...

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 8
Some background info about the loan qualifying process:  What Do Mortgage Lenders Want to See in Bank Statements?        When a mortgage lender requests your bank statements, it can be for a variety of reasons.  Bank statements can be one of the biggest causes of frustration in the mortgage proce...

By Jerry Thomas-Construction Loans, Construction Loans Conv/FHA/VA
(Cranbrook Loans)
Comments 2
If you own your land already you may not have to make a cash down payment. In fact you may be able to roll in any closing costs and/or pre-paids and avoid mortgage insurance. Lenders either want you to either have a cash down payment or land equity. You are less likely to walk away from a home th...

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 0
Mortgage backed securities (MBS) closed down 6 basis points today at 101.69 remaining 1 basis point below resistance offered by the 10 day moving average.  The 30 year was available at 4.625% day.  The 30 year jumbo was at 4.50%.  Whether in New England, the Mid Atlantic or the Midwest or anywher...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
This week is chock full of important economic reports.  They began yesterday with the Fed's favorite measure of inflation, the Personal Consumption Expenditures, which increased by less than .1%.  Fed members had stated that they envision increased inflation this year but this does not support th...

By Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info
(Hawai'i Life Real Estate Brokers)
Comments 5
How do I get funds into my escrow account on Maui?You just got an accepted offer for a home on Maui!  Yippee.  Now what?  What kind of funds are required, and how do they get there?  Here are some tips from Hawaii Mortgage Company to help make your Maui transaction flow without any issues.Bank of...

By Ricky Khamis, NMLS 173141 | CADOC 173141 - 480-339-1565
(Amerifirst Financial, Inc.)
Comments 0
Mortgage rates stepped higher last week, touching a high point not seen since 2013. The continued upward pressure on rates stems from expectations of sustained economic growth coupled with rising inflationary pressures. While the first estimate of GDP for 2018’s Q1 was lower than the final quarte...