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 Barbara Todaro, "Franklin MA Homes"
(RE/MAX Executive Realty )
Comments 4
Here's a very important post with a list of common methods of financing and the down payments acceptable for each of them.... Back To Basics are always welcomed.... rules change and they change often.... Here are some down payment basics:   Conventional:   Minimum is 5% (there are some 3% options...

By Khash Saghafi, Mortgage Loan Officer, Cleveland Ohio
(Liberty Home Mortgage Corporation)
Comments 5
Here are some down payment basics: Conventional:   Minimum is 5% (there are some 3% options), but the basic for everyone with no strings attached is 5% (this goes for condos, manufactured homes, modular and single family homes). On a 2-family home, the minium down payment is 15% Minimum on a sing...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
       “Banker Partnerships are very Special”     Joe – I have you now on speed dial. Any loans I am unable to do with my bank they will all be sent to you, since we don’t do FHA, Reverse or any USDA loans.  Beth  It takes a lot of nurturing to earn the trust of banker partners. I never take for ...

By Stephen Katz, Branch Manager, CMPS
(Katz Mortgage Team, a branch of VanDyk Mortgage Corporation)
Comments 0
As the cost of renting is increasing, it gets easier to decide whether it’s a smarter choice to buy or rent. A new study indicates that buying is now 26.3% cheaper in the United States, with a traditional 30-year fixed rate mortgage. It indicates that 98 out of 100 United States housing markets b...

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 101.81 having broken through resistance offered by the 100 day moving average and closed 2 points above it. The 30 year was available at 4.625% day. My jumbo pricing is now. sizzling! The 30 year jumbo for $1 million was at 4.375%...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Ellie Mae released its Origination Insight Report for July this week showing that the percentage of closed purchase loans held steady at 71% of total loans closed in July for the second straight month. Ellie Mae reports the average 30-year interest rate for all loans edged higher to 4.91% from 4....

By Gary Frimann, REALTOR and Broker
(Eagle Ridge Realty / Signature Homes & Estates)
Comments 7
Mortgage Fraud I recently wrote four posts about Mortgage Fraud: How Mortgage Fraud Affects a Neighborhood-- Part 1 How Mortgage Fraud Affects a Neighborhood-- Part 2 How Mortgage Fraud Affects a Neighborhood-- Part 3 How Mortgage Fruad Affects a Neighborhood-- Part 4 In this post, I am going to ...

By Gary Frimann, REALTOR and Broker
(Eagle Ridge Realty / Signature Homes & Estates)
Comments 7
Mortgage Fraud I recently wrote five posts about Mortgage Fraud: How Mortgage Fraud Affects a Neighborhood-- Part 1 How Mortgage Fraud Affects a Neighborhood-- Part 2 How Mortgage Fraud Affects a Neighborhood-- Part 3 How Mortgage Fruad Affects a Neighborhood-- Part 4 How Mortgage Fraud Affects a...

By Gary Frimann, REALTOR and Broker
(Eagle Ridge Realty / Signature Homes & Estates)
Comments 7
Mortgage Fraud I recently wrote two posts about Mortgage Fraud: How Mortgage Fraud Affects a Neighborhood-- Part 1 How Mortgage Fraud Affects a Neighborhood-- Part 2 This is part 3, and I am going to show you what happens when a whole bunch of licensees buy homes, at the same time, in a new subdi...

By Gary Frimann, REALTOR and Broker
(Eagle Ridge Realty / Signature Homes & Estates)
Comments 6
Mortgage Fraud I recently wrote three posts about Mortgage Fraud: How Mortgage Fraud Affects a Neighborhood-- Part 1 How Mortgage Fraud Affects a Neighborhood-- Part 2 How Mortgage Fraud Affects a Neighborhood-- Part 3 Here is another great example of a licensee committing fraud, thereby destroyi...

By Gary Frimann, REALTOR and Broker
(Eagle Ridge Realty / Signature Homes & Estates)
Comments 6
Mortgage Fraud I recently wrote six posts about Mortgage Fraud: How Mortgage Fraud Affects a Neighborhood-- Part 1 How Mortgage Fraud Affects a Neighborhood-- Part 2 How Mortgage Fraud Affects a Neighborhood-- Part 3 How Mortgage Fruad Affects a Neighborhood-- Part 4 How Mortgage Fraud Affects a ...

By Gary Frimann, REALTOR and Broker
(Eagle Ridge Realty / Signature Homes & Estates)
Comments 6
 I'm taking a few minutes away from the series I'm writing about the Mortgage Fraud in my neighborhood.  Here's one that happened in my town, and nobody has been prosecuted, and the agent has since moved out of town, leaving behind a trail of homes, which he acted as the buyer's agent, that have ...

By Gary Frimann, REALTOR and Broker
(Eagle Ridge Realty / Signature Homes & Estates)
Comments 6
I recently wrote seven posts about Mortgage Fraud: How Mortgage Fraud Affects a Neighborhood-- Part 1 How Mortgage Fraud Affects a Neighborhood-- Part 2 How Mortgage Fraud Affects a Neighborhood-- Part 3 How Mortgage Fruad Affects a Neighborhood-- Part 4 How Mortgage Fraud Affects a Neighborhood-...
Making the purchase decision, it is important to keep some critical checks in mind. You should not jump into the decision of purchasing the real estate property all of a sudden. Some points should be taken into consideration before considering the property to be a suitable one that meets all 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 2
Consumers splurged in July as evidenced by the strong Retail Sales number, which rose 0.5% from June, exceeding the 0.1% expected. This solid number signals that the U.S. economy is doing well. Sales were led by clothing and accessories stores and gasoline station sales. However, June Retail Sale...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
“This Guy Understand Economics!”     Five guys are stranded on an island. One guy gets the daily firewood, one guy bakes the daily bread, one guy climbs to the top of the mountain to get fresh water, one guy fishes all day to bring home dinner, and one guy does nothing but consume the firewood, t...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed flat today at 101.78 having remianed 3 points above support offered by the 50 day moving average. The 30 year was available at 4.625% day. My jumbo pricing is now. sizzling! The 30 year jumbo for $1 million was at 4.375%.Whether in New England, the Mid Atla...

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 7
Here's the documentation that those looking for a mortgage pre-approval will need:  For anything in life, there is a right way to do things and there is a wrong way. The same holds true for mortgage pre-approvals. There is a right way and there is a wrong way. Truth betold, it is never perfect. S...