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 Gary Massey, CPA, Atlanta's Small Business CPA
(Massey and Company CPA)
Comments 0
 The Offer in Compromise program allows taxpayers to settle their IRS tax debt for less than they owe. It is basically saying to the IRS, "I cannot afford to full pay. Please accept less."  Here are five things you need to know if you want the IRS to accept your Offer in Compromise:  1. Tax Compl...

By David Jackson, MBA, Financial lending analyst
(Olympus Labs)
Comments 0
Paying in cash in some situations can be very difficult. Not only people have this issue, but businesses as well. When it comes to going to the bank, there are a lot of factors to consider before approving a loan, and not everyone is lucky. Plus, if businesses are not provided with the support th...

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 2
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...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
U.S. Stocks are rebounding to start the week shrugging off the trade headlines and a bit of the Turkey dilemma because of the ongoing stream of good economic data here in the U.S. Given the limited size of Turkey's economy, and the likelihood of this being a short-term "pain," there shouldn't be ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 7
“Dying has its Price”   Moshe died. His will provided $40,000 for an elaborate funeral. As the last guests departed the affair, his wife Sarah turned to her oldest and dearest friend. "Ah, well, Moshe would be pleased," she said. "You're right," replied Ruth, who lowered her voice and leaned in c...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Term Posted Rate Preferred Rate 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% 3.19% Fixed 4 Year 3.89% 3.54% Fixed 5 Year 5.14% 3.29% Fixed 7 Year 5.30% 3.49% Fixed 10 Year 6.10% 3.94% Variable 2.65% Prime 3.70% Benchmark 5.34%

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
    “Are You Kidding Me Joe?”  Are you kidding me Joe? That was my immediate response after you and I spoke. We had all but given up on the idea of owning a new home. I wish I could understand why no one else came up with the idea of refinancing our three family property and paying off our studen...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
Though getting a second mortgage is quite popular these days, rates can still vary by a lot depending on several factors including the lender you choose to transact with. Choosing the right lender is a big factor in managing how much you’ll end up paying for the interest of your second mortgage.W...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 9 basis points today at 101.72 having closed right on 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 4.50%. Whether in New England, the M...

By Dan Papadapoulis, Home equity loans, second mortgages Toronto
(Mortgage Central Nationwide)
Comments 0
If your homeowner with equity, you can cash in and start making equity in your home work for you with a home equity loan. After all, you’ve been saving for years, making your payments on time, isn’t it time you started getting something back? This kind of mortgage, also known as a second mortgage...

By Khash Saghafi, Mortgage Loan Officer, Cleveland Ohio
(Liberty Home Mortgage Corporation)
Comments 6
Many customers who are about to buy a home are sometimes presented with a new job offer or a new opportunity and they are not sure whether or not they will qualify for a new home or if they should pass on the job. Here are some pointers when it comes to those who either have less than 2 years on ...

By Dan Papadapoulis, Home equity loans, second mortgages Toronto
(Mortgage Central Nationwide)
Comments 0
You may be interested in getting a home equity line of credit or perhaps have at least heard of it, bringing you here to read this blog. A HELOC comes with a lot of benefits such as relatively low interest rare, possible tax deduction, and access to your home equity, no wonder it is so tempting t...

By Khash Saghafi, Mortgage Loan Officer, Cleveland Ohio
(Liberty Home Mortgage Corporation)
Comments 8
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. Sometimes someone comes passing through as they are driving down the road, fall in lo...

By Khash Saghafi, Mortgage Loan Officer, Cleveland Ohio
(Liberty Home Mortgage Corporation)
Comments 7
If you are wondering what part of a tax return a mortgage lender looks at to use as qualifying income if you file a Schedule C, here are a few pointers:1) Look at line 12 on page 1 of your 1040 for 2016 & 2017. Add up those two years together for line 12 and divide by 24 (months). The number you ...

By Barbara Todaro, "Franklin MA Homes"
(RE/MAX Executive Realty )
Comments 9
For self employed's, the simple explanation of how you'll be qualified.... step by step is provided here...thanks, Khash. If you are wondering what part of a tax return a mortgage lender looks at to use as qualifying income if you file a Schedule C, here are a few pointers: 1) Look at line 12 on ...

By Andrew Reichek, Rentkidz is an apartment locating service Houston
(Rentkidz)
Comments 5
You most likely have seen some of those TV ads where reverse mortgages are being advertised as the solution to seniors’ financial stability. It may seem so simple, but there have been myriad misconceptions about what this is, and what it’s not. In today’s blog, we’ll focus our attention on what a...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
Rising home prices and mortgage rates pushed housing affordability to lows not seen in a decade in the second quarter of 2018, reports the National Association of Home Builders. From the beginning of April to the end of June, 57.1% of all new and existing home were affordable, down from 61.6% in ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed up 19 basis points today at 101.78 having remained above support offered by the 50 day moving averages and come to rest 6 basis 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...

By Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 5
 Essential Homebuyer Information - 2 Most Common Topics  If you are buying a home, or know someone who is, please read/share this simple tutorial of the 2 most common topics every Homebuyer wants/needs to know about. Topic #1 - FUNDS/CASH TO CLOSE ("How much money do I need to "bring in" to buy t...

By Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 0
  ~ The Truth Behind Mortgage Advertising ~ The truth behind mortgage advertising is rather simple for those who take the time to understand the facts.  Far too often, Mortgage Advertising is deceptive (and has been that way for decades).  The reason why Mortgage Companies continue to engage in m...