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 3
“Credit Scores Improved, but Not Enough”    Good Afternoon Joe,We would like to revisit the purchase of the rent to own option that we are in right now. This would be a VA Guaranteed Loan. Purchase price if we close before May 1st would be $185,000.00 after May 1st it would be $190,550.00. We hav...

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 Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 10
5% Closing Costs Assistance in Montgomery County, Maryland 5% closing cost assistance up to $10,000 is being offered by The Housing Opportunities Commission of Montgomery County, Maryland for first time home buyers who lack the funds to pay closing costs. At least one of the borrowers must be wor...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 6 basis points today at 101.75 rising to within 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 ...

By Jerry Thomas-Construction Loans, Construction Loans Conv/FHA/VA
(Cranbrook Loans)
Comments 0
A modular builder I know made a posting on Facebook about being asked "What's your cost per square foot?". There are just so many variables in this question, the answer is pretty useless. Does it include land costs? Site development? How large is the kitchen? I have a similar pet peeve, the cost ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 2
     “Renovation Mortgages More Common”    Joe,Kelly and Keri checking in.  We have decided to stay in our current home and want to make some changes. A couple of months back you spoke about a renovation loan so that we can create an addition and other renovation. I would like to know how much we...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
“Often Nothing in Real Estate is Simple”    Good morning Joe. I got your information from Debbie XXXXXXXXX and wanted to reach out to you regarding my situation. First my name is Katelyn XXXX. I live with my fiancé and two children and my mother. We had a house fire in 2016 and had to demo and re...

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% 3.04% Fixed 4 Year 3.89% 3.44% Fixed 5 Year 5.14% 3.19% Fixed 7 Year 5.30% 3.39% Fixed 10 Year 6.10% 3.84% Variable Rate 2.40% Prime Rate 3.45% Benchmark Rate 5.14% Cost per ...

By Khash Saghafi, Mortgage Loan Officer, Cleveland Ohio
(Liberty Home Mortgage Corporation)
Comments 1
Did you know that a bankruptcy does not automatically disqualify someone from obtaining a mortgage loan? FHA requires you to be 2 years from the discharge of a Chapter 7. VA requires you to be 2 years from the discharge of a Chapter 7. USDA requires you to be 3 years from the discharge of a Chapt...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 7
“Nothing more Valuable than Testimonials”    Anyone looking for an amazing mortgage broker please consider reaching out to Joe Petrowsky NMLS # 6869. He has been amazing and very supportive helping me every step of the way with closing the deal on my very first home!!! Thank you so much Joe for e...

By Trent Dalrymple (248) 854-0625, Helping Mortgage Brokers & LO's Lend Nationwide!
(American Mortgage Bank)
Comments 0
If you feel limited as a Loan Originator, we need to talk!  You can originate NATIONWIDE with American Mortgage Bank with no additional state licensing.  If you have experience as a residential LO, would prefer to work remotely and may look forward to running your own branch, contact me, at (405)...

By Khash Saghafi, Mortgage Loan Officer, Cleveland Ohio
(Liberty Home Mortgage Corporation)
Comments 3
Did you know that FHA can insure a mortgage for a borrower with a score as low as 500? Of course, nothing comes free and nothing comes easy with that 500 score, but it can be done. When other lenders tell you that you need a 580 or 620 or 640, those are restrictions unique to THAT particular lend...

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
Stated Income-Stated Asset (SISA) Loan Product for Residential or Commercial   Stated Income, Stated Asset Purchase or Refinance LoanLoan Amounts to $2,000,000.  Loans for Non-Owner and Investment properties up to 75% LTV. Terms: 3 and 8 yr. ARMs - fixed then adjustable for remainder of 30 years....

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
HIGH RATIO fixed term best discounted rates & posted rates as of April 28, 2018 Terms                           Posted Rates                Preferred Rates 6 mos                          3.14%                          3.10%1 year                          3.04%                          2.99%2 year...

By John Meussner, #MortgageMadeEasy Walnut Creek, CA 484-680-4852
(Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 7
New Loan Program Helping Agents       Over the past few weeks I've talked with a couple agents living and working in crazy markets.  Low inventory seems to be the common theme in most markets coast to coast.  The problems this is causing for real estate agents are multifold.  For one, when listin...
Head on to ActiveRain University to watch the recording*The Realtor and Homebuilder Toolkit  for HECM purchase along with the slide deck can be found at the bottom of the recording page  Webinar DescriptionHomebuyers 62+ don’t have to choose between paying all-cash for a new house or taking on mo...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“They must hear some crazy Reasons”    Judge: "Is there any reason you could not serve as a juror in this case?"Juror: "I don't want to be away from my job that long."Judge: "Can't they do without you at work?"Juror: "Yes, but I don't want them to know it." Image courtesy of Pakorn/freedigitalpho...

By Stephen Katz, Branch Manager, CMPS
(Katz Mortgage Team, a branch of VanDyk Mortgage Corporation)
Comments 0
If it feels like the rent keeps going up, you are not alone. Who doesn’t love fresh starts, it’s the best time to consider buying your new home!  Rent is Eating Up Our Pocket Surprisingly, February monthly residential rent jumped 2.8 percent to $1,445 from last year. In fact, since May 2016, year...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 16 basis points today at 101.78 rising to within 22 basis points 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...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Wow can it be?  MBS bonds were up for a second day today after a long losing streak that seemed to have interest rates heading for the stratosphere.  Continued strong earnings from America's largest companies should have buoyed stocks today.  Fears of inflation, however, tempered the euphoria and...