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 Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage rates inched lower in the latest week as the Federal Reserve continues to stabilize the market in an effort to keep borrowing costs low. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage fell to a survey low of 3.26% with .35 in points. The Market Composite Index, a measure of total mortgage loan application volume, rose 2.2%, the Purchase Index was up 5% while the Refinance Index saw a 0.4% gain. The 30-year rate is down from 3.79% seen in late March. Annually in June, the Purchase Index was up 33% while the Refinance Index increased 111%.As the U.S. continues to reopen and the economy accelerates, the housing sector is perking up after the pandemic induced shutdown curtailed activity. Fannie Mae reports that 61% of Americans now believe that is a g...
By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 0
Conventional 30 year Mortgage: 2.625%Credit score:740LTV:75%Loan Amount:$300kAPR: 2.995%FHA 30 year: 2.625% Credit Score:740LTV:96.5%loan amount:$300kAPR: 3.79%Conventional 15 year: 2.25%Credit score:740LTV:75%Loan Amount:$300kAPR: 2.365%Rates are Subject to ChangeCall me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible. 
By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 0
TODAY'S TOP STORIESWave of ‘Build for Rent’ Communities Coming to S. Fla.An uptick in new-home developments is targeting investors who plan to rent-out homes rather than first-time or move-up buyers who plan to live there. Read more Pensacola's Need To Know?FHFA Updates Forbearance Homeowners’ Repayment OptionsOnce a homeowner in forbearance can start make payments again, they’ll have simplified options to either sell the home, refinance or extend the length of their current loan. Read more  What is Title Insurance, Escrows and closings explained in simple terms? Get REAL ANSWERS  .Latest Home Offerings  Sign up for our Monthly Newsletter what happening here on the gulf and homes for sale.  Want to know the TRUE VAULE of your Home in Today's Market  Thinking of SELLING We Charge a flat ...
By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com: There were no data to report on the Economic Calendar today, but tomorrow will provide us with the Weekly Initial Jobless Claims. It will be interesting to see if we continue the downward trend. Stocks started the morning strong (led by Tech stocks), but has since pulled back, as the DOW and S&P dropped into the Red. Investors are watching the increase of corona virus cases rise and possibility of parts of economy closing again, so they're looking toward Congress for another possible stimulus package. Also, last night, Bloomberg reported the possibility that the President's top advisors are recommending him to undermine the Hong Kong Dollar, as a retaliation to China's new security law on Hong Kong. This could also pose as problem for US' own currency,...
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) market closed up 6 basis points today at 104.53 having closed 332 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U.S. history tells us it is time to refinance!! Please call me at 203-981-8282. 
By Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com
(Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.)
Comments 11
We have all had a buyer break at least one of these 10 commandments when buying a home!Have you ever gone to a closing table and had the buyer's employer call the buyer out of the closing to tell him their job was being eliminated effective immediately? Yep! It happened!!
By Lisa Perry - NMLS # 276329, Northern VA - VHDA, 100% Loans - Jumbo Loans
(FHA, VA, Jumbo, Downpayment Assistance, Conv.)
Comments 2
 Down payment Assistance Programs are a great way to achieve your down payment as well.  Some down payment assistance programs come from the State, Local Governments, or Private Funding.  Most programs are based on income.  Some programs have their own specific guidelines including income, but if you fall within their guidelines, it is a good source of down payment funds. While some of you may have difficulty to accumulate the required amount for the down payment of your desired property. Here are some helpful tips that could help you towards your journey to a new home.1. Save Look for ways to reduce your monthly expenditures to save toward a down-payment. You could enroll for an automatic savings plan at your bank to have a portion of your payroll automatically transferred into savings...
By Mike Bjork
(Evolve Bank & Trust)
Comments 3
http://MikesDailyMarketReport.com: Job Openings improved in May, as it rose from 5 million in April to 5.4 million in May. However, that wasn't quite enough to keep stocks in positive territory, as the DOW and S&P have slid into the Red. Currently, they're trading in Mixed territory. They were soured, as Investors listen to Fed Member (from Atlanta) Bostic state that the US economy appear to be "leveling off". The European Commission lowered it's economic forecast again. And the reality of rising infections of covid-19 cases, which is leading some areas back to closures, have begun to sink in that the US economy may not have the V-shaped recovery, as they hoped. There are reports that show we may not return to the pre-pandemic numbers until 2022. On the other hand, this is helping MBS, ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 2
“We Did It!”   We did it! Hard to believe after two years of 5 of us living in a two bedroom condo and over the last few months both of us working from home and three kids being home schooled.Pretty crazy going from a small two bedroom condo to a 4 bedroom home. You will never know the positive impact you made on all or lives.We are indebted to you, so thank you so very much!!! Shelly They felt they could live with the two bedroom condo was fine until the corona virus came along and this family needed to work from home and they also had to home school their children. Fortunately a new 4 bedroom home solved a lot of “social” problems.
By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com: We have some data from the Services Sector today. We'll start with the Markit Services PMI for the month of June, which rose from 46.7 to 47.9. It's counter-part, the ISM Non-manufacturing Index, which is also the "gold" standard for this data, rose from 45.4% to 57.1% in June. Anything above 50 is considered expansion. This bode well for the Markets today. Stocks are Up on optimism on continued growth of the economy, despite the rising covid infections. MBS is Up only 2bps, so Mortgage Rates hold steady and remain Unchanged in pricing. Yields have crept up, above the 50 DMA and it's next technical ceiling, and currently sits just under .70%. As I mentioned in the video, these views do not represent anybody else, but my own. I do work as a Loan Officer...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 1
The arrival of China's Vice Premier He in Washington over the weekend for the trade deal signing prompted Robbie C. to send over this play by play at the Phase One signing    Costello: Do you know the fellows' names? The signers?Abbott: Well, I should.Costello: Well then who is speaking first?Abbott: No, it's He.Costello: I mean the fellow's name.Abbott: He.Costello: The guy up first.Abbott: He.Costello: The first speaker.Abbott: He is.Costello: The guy going first...Abbott: He is up first!Costello: I'm asking YOU who's up first.Abbott: That's the man's name.Costello: That's who's name?Abbott: He.Costello: Him? Well go ahead and tell me.Abbott: That's it.Costello: That's who?Abbott: No, it's He.  
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Treasury prices closed near unchanged in yesterday's holiday shortened session. The 10-yr yield was at .67% in quiet trading. Stocks are higher on strong jobs data amid virus fears. Bonds closed at 2:00 p.m. ET, stocks at regular time, 4:00 p.m. ET. All markets are closed today in observance of Independence Day. Heading into the long holiday weekend, float brand-new files and those closing outside 30-days heading into the long weekend. For those closing soon that were not locked, you can also try and float. Enjoy the 4th!!
By Seesan Ed, Real Estate Referral Agent | Mobile Notary in DE
(206 715 1642)
Comments 0
A Reverse mortgage HECM program allows many people, who own their own home and are age 62 or older, to draw on  the  equity  money from their home value. The homeowners are not obligated  to make any monthly payments as long as they or their surviving spouse live in the house or die. You can dispose-off and hand over the title of the property to someone else as you please, that of course paying back the loan and after following the FHA guidelines related to reverse mortgage. As usual If you decide to sell your home, you will be required to pay back the mortgage balance. That amount will be taken from your total proceeds from selling it. In the event that the HECM reverse mortgage loan having reached its maturity-means it became due and payable- the borrower may sell the property. When t...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 0
   “Facebook and LinkedIn doing Good Work”  Mr. Petrowsky, I got your name and contact information from two different people. I am part of a Facebook group in my town. I shared that I was considering refinancing and got two responses, both of which you recently did mortgages for. They gave you great review, also read reviews on LinkedIn. I don’t think I have ever seen as many testimonials. OK, let me know what the next steps are. Email me at your earliest convenience.  Social media is certainly alive and well. With so many being at home, folks seem to be spending more time on social media sites, especially on Facebook and LinkedIn. Testimonials are worth their weight in gold!
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 0
“If Credit Scores are an Issue, Call Me”  Mr. Petrowsky, Your name was given to me by XXXXXXX Bank. They said they felt bad for us, as we were all approved and just waiting for our closing which was supposed to be next week. They called us indicating they can no long close our mortgage as our credit scores are lower than their minimum requirements at this point. We were floored and very upset to say the least.Our mid credit scores are 612 and 599, can you work with these scores? Ginny  I have always wondered who decides this stuff? Do they really think of the effect these decisions have on so many lives?  If the goal these days is to improve our current economy, then how will increasing minimum credit scores and increasing down payment requirements help improve the housing and mortgage ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 0
 “Difficult, but Important Decisions Required”  Hi Joe, Hope this email finds you well. We are in the process of making some very hard decisions regarding our business. The bottom line we may be closing, but prior we want to get our refinance completed. I know, I know you have been recommending we do that for a couple of months. We want to include all of our debt into the refinance, so that we only have a mortgage payment to deal with, just as you had recommended. What do you need from us?  Mortgage and financial planning are extremely important right now for sure. There is so much uncertainty now that it is important to meet with a mortgage professional that can review much more than just the mortgage. Pardon the pun but having your financial house in order is vital! 
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 0
‘Our Needs Change as We get Older’  A 77-year-old man is having a drink in a Chicago bar. Suddenly a gorgeous girl enters and sits down a few seats away. The girl is so attractive that he just can't take his eyes off her.After a short while, the girl notices him staring, and approaches him. Before the man has time to apologize, the girl looks him deep in the eyes and says to him in a sultry tone: "I'll do anything you'd like. Anything you can imagine in your wildest dreams, it doesn't matter how extreme or unusual it is, I'm game. I want $100, and there's another condition."Completely stunned by the sudden turn of events, the man asks her what her condition is."You have to tell me what you want me to do in just three words."The man takes a moment to consider the offer from the beautiful...
By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 0
TODAY'S TOP STORIESA Guide to Surviving Financially as the Bills Come DueThe coronavirus has dealt a financial blow to millions of Americans and now April’s bills are coming due – but reach out to lenders and others for help. Read more Pensacola's Need To Know?Little Change in Long-Term Mortgage Rates: 30-year at 3.33% Home-loan rates have been hitting all-time lows, but mortgage buyer Freddie Mac says there’s room for them to move lower. The average 15-year declined this week. Read more If you would like more information, need to know the value of your home contact me or you can always visit our award winning website loaded with information.    What is Title Insurance, Escrows and closings explained in simple terms? Get REAL ANSWERS   .Latest Home Offerings  MAKE A NOTE OF ITHello, my ...
By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 0
TODAY'S TOP STORIESFinally! Guidance on Applying for Federal Unemployment BenefitsThe first step is to be denied state benefits. Then Realtors and self-employed Floridians will be notified on how to apply for federal unemployment assistance (PUA). Read more Pensacola's Need To Know?FHFA: No Lump Sum Required at End of ForbearanceIf a homeowner requests a mortgage-payment delay and Fannie Mae or Freddie Mac backs their loan, the bank can’t require a lump-sum payment after their hiatus ends. Read more What is Title Insurance, Escrows and closings explained in simple terms? Get REAL ANSWERS   .Latest Home Offerings  Sign up for our Monthly Newsletter what happening here on the gulf and homes for sale.  Want to know the TRUE VAULE of your Home in Today's Market  Thinking of SELLING We Charg...
By Seesan Ed, Real Estate Referral Agent | Mobile Notary in DE
(206 715 1642)
Comments 0
If your financial life now is perfect, then in my opinion you don’t need a reverse mortgage at all. But if you are in the same boat as many of us, and If you haven't set up your HECM line of credit now, a couple of years from now you may not be able to obtain a line of credit  for an amount you are anticipating. Hence, better to have it now rather than at the eleventh hour, when you need it. Let that expected level of funding source be available and sit there,  so you can tap into that cash when a need arises.  As you can see around us, and as you read and hear from in the news about this terrible financial situation we are experiencing, nobody knows what is going to happen three months from now. Even so our home prices are not that bad right now. Interest rate at this point is not that...