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 Dan Papadapoulis, Home equity loans, second mortgages Toronto
(Mortgage Central Nationwide)
A second mortgage is unlike a first mortgage or financing a mortgage. With a second mortgage, the lender will have to evaluate the equity built into the home before approval. Less significance is placed on other factors such as credit score and income source whether you will be getting a second mortgage from private lenders or from institutional lenders such as banks. Just note that some banks may still have stricter qualifications when it comes to having regular employment and a high credit score.Applying for a Second MortgageAt current time, debt consolidation is the most popular reason for people who are applying for a second mortgage. Another popular reason is to pay for home renovations to improve their property’s value. Some use a second mortgage to pay for higher education or to ...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com: The Initial Jobless Claims for the first time since Feb/March, as last week's report was 1.31 million people applying for first time benefits to this week's report at 1.41 million. Leading Economic Indicators dropped from 3.2% in May to 2.0% in June. The rise in Jobless Claims spooked investors, as Stocks go into the Red this morning. They continue to look at Corporate Earnings Reports, but the next focus is the negotiations for the next round of Stimulus/Recovery package by Congress, as both Republicans and Democrats have a wide gap to bridge. This next round is expected to be more tenuous and may take longer, as this round of negotiations aren't as dire as previous round. MBS started the morning much higher, but has settled down a bit; and is current...
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By Lisa Perry - NMLS # 276329, Northern VA - VHDA, 100% Loans - Jumbo Loans
(FHA, VA, Jumbo, Downpayment Assistance, Conv.)
Buying a home is very exciting at the same time it gives you a sense of stability and ownership.  While there are many factors to consider when you plan to buy a house.  Perhaps the most common question is how much can I afford?  How much do I need for the down payment?  Or how do I know my credit score? Here are the things you may consider before buying; 1.Your monthly income.  Add up your spouse or co-buyer the monthly income, including your other earnings. 2. Get pre-qualified how much can you borrow.  Telling me about yourself to get to know you better.  My team is very quick to answer and can easily be contacted if you have any questions. you can click the link below to get pre-qualified www.LisaPerryLoans.com 3. Use my mortgage calculator to determine your budget.  You can talk to...
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By Daniela Pellicciotti, The Miami condo specialist
(Condoideas Realty Group)
When the pandemic hit the U.S. lenders were afraid the home prices would drastically drop, so they decided to limit large mortgages to avoid a housing crisis like the one in 2008. More strict requirements for borrowers asking for high mortgages caused a drop in the supply of the jumbo loans.  Jumbo loans are a type of mortgage that is used when the property value is too high to apply for a conventional conforming loan. The minimum amount to be able to apply for a jumbo loan in most countries is $510,400.  When the pandemic arrived in the States in mid-March, borrowers and lenders were hesitantly waiting to see what would happen with the stock market, so jumbo loans didn't really show any movement.  The credit supply overall dropped 30% since the COVID-19. During March and April, lenders...
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“Lost Ship”    There was this magician who had a job on a cruise liner, entertaining the passengers with a nightly show. He was very successful in his job and there was always a full house at all his performances. Life was sweet. The money was rolling in, he had one of the best cabins, ate the best food, mixed with the best people. All was fine until one day the captain bought a parrot. The highlight of the parrot's day was going along to see the magician in action in the evening. During the magician's performances, the parrot would watch him very carefully during each trick, and immediately after the magician had completed the trick the parrot would call out in a loud squark, "It's up his sleeve, it's up his sleeve," or, "It's down his trousers, it's down his trousers," each time ruini...
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By uktam mambetov, We are authorized Financial consulting firm that
(FINANCIAL SERVICE )
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By Theresa Harden, PB SFR e-Pro Realtor
(Hawaii Dream Realty LLC)
Click Here to View the Mortgage Bankers Association August Rate Forecast The August 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage continues to provide great news for anyone in the real estate market as the forecast continues to drop from last month's forecast. With the end of Q3 for 2016 approaching, the 30-year fixed rate mortgage average fell another one-tenth of a point from last month's forecast. Even the approaching quarter average dropped. Overall, the forecast has pushed the 2016 calendar average rate three-tenths of a point below that of last year's average. But now the forecast also shows an even more aggressive upward trend in both the quarterly average rate and the annual average rate but for the time being the easing will continue to pro...
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By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Conventional 30 year Mortgage: 2.625%Credit score:740LTV:75%Loan Amount:$300kAPR: 2.995%FHA 30 year: 2.875% Credit Score:740LTV:96.5%loan amount:$300kAPR: 4.04%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. 
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By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
The National Association ofREALTORS® reports that Existing Home Sales soared by 20.7% in June from May to an annual rate of 4,720,000 as the sector continues to shine post-pandemic shutdown. The monthly gain was the largest on record. However, sales are down 11.3% year-over-year due in part to the declines seen in late March, April and May. Gains were seen across all four major regions of the country.“The sales recovery is strong, as buyers were eager to purchase homes and properties that they had been eying during the shutdown,” said Lawrence Yun, NAR’s chief economist. “This revitalization looks to be sustainable for many months ahead as long as mortgage rates remain low and job gains continue.”Home borrowing costs continue to run at record lows which spurred on mortgage application a...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com: The Existing Home Sales jumped Up from 3.91 million annualized units in May to 4.72 units in June. This is just over 20% MoM jump, which is the largest, according to NAR. Stocks are Up this morning on Corporate Earnings releases, despite tensions continuing to heat up between US and China, as the US ordered China to close their Houston Consulate. As expected, China is threatening retaliation. MBS is Up 5bps so far this morning, which isn't enough movement to improve Mortgage Rates, so they remain Unchanged. Yields have slid down to about 0.59%. As I mentioned in the video, these views do not represent anybody else, but my own. I do work as a Loan Officer, so if I may be of assistance with your refinance or purchase, then please feel free to reach out t...
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By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Mortgage backed securities (MBS) market closed up 6 basis points today at 104.59 having closed 306 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.
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  ITIL has become a vital part of any modern IT organization. It is a support system specifically meant to improve IT business strategies and deliverables. ITIL structure has gone through updates over the last few years with ITIL v3 being launched in 2011.The latest ITIL 4 update has been specially designed to facilitate and cater to the needs of IT organizations in the new era of technological advancements. It was released in 2019 after what has been termed as the Industrial Revolution 4. ITIL 4 has been designed to tackle organization challenges, both at the organization level as well as individual level, catering to the needs of practitioners and experts.Most companies these days are looking for ITIL 4 certified professionals to help them with their IT services and business requireme...
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By Dave Benneton, Fast Cash Offers
(Digital Bullet)
Mortgage Right - How Become A Net Branch Mortgage CompanyMortgageRight is a well-recognized net branch business that will help you to make more money instead of wasting it on exorbitant fees.The former can be time-consuming since you have to handle everything from compliance, accounting, to having good relationships with other lenders. Dealing with net branch mortgages, on the other hand, will give you the balance of owning your own company and also working with a more experienced one. However, there are so many companies out there that will promise to give you a net branch opportunity, and you may get confused and lost for choice. Below are some of the details that you should look out for when making your decision.Is It A Legitimate Net Branch?Sadly, the term net branch has been used l...
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By Richard Zaretsky, Florida Real Estate Attorney
(THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY)
Under Florida real estate law the new owner is liable for the old past due assessments from the prior owner.  The typical facts are that the homeowner stopped paying the association and the mortgage. The association then forecloses first and often the association is the winning bid at their foreclosure sale for their lien.  But then the lender forecloses on its mortgage and there is a buyer at that mortgage foreclosure sale. Real Estate investors who purchase Florida condominiums or other association homes at real estate foreclosure sales now have been given guidance on their liability to the condominium association (or homeowner association) for past unpaid assessments. When the buyer at the mortgage foreclosure sale is a third party (not the lender), the buyer does not have the protec...
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By Richard Zaretsky, Florida Real Estate Attorney
(THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY)
Several association boards of directors have problems understanding the homeowner association lien rights and how the Florida “safe harbor” exemption to payment works. This article applies to when the investor makes a loan and then forecloses it and gets title at the foreclosure sale.An important Florida case came out this past Spring that gives a good example.Here there were two associations – the homeowner association and the community association. There was a foreclosure sale which was going to wipe out the liens of the associations.The foreclosure action was filed by the lender (who was not the original lender that made the loan) and foreclosure was granted. The foreclosure sale occurred and the lender was the purchaser.After the foreclosure sale, the associations each issued their ...
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By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Mortgage backed securities (MBS) market closed up 9 basis points today at 104.53 having closed 309 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.
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By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Fresh EU stimulus, hopes of Congress stimulus and strong earnings from Big Blue are weighing on bonds while stocks are surging. The EU agreed on fresh stimulus of 750B euros to battle COVID inflicted regions while Congress gets started on some type of coronavirus stimulus here in the states. Democrats and Republicans are $2.5 trillion apart and will have to act fast as the enhanced unemployment benefit of $600 is set to expite at month's end. IBM reported strong quarterly earnings which is also giving stocks a boost while Coca-Cola expressed optimism as the country reopens.Retail giant WalMart is rolling out some perks for workers to thank employees for the work diring the height of the pandemic. Walmart will spend $428 million in bonuses for workers with full-time hourly employees rece...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com: There are no economic data to report today, so Stocks are taking their queues from Corporate Earning releases and Geo-Political News. This morning, Stocks are Up. The EU announced an $858 Billion plan that will provide Grants and Loans to countries whom need assistance during this time. This was well received in the Markets. The Fed Reserve has 2 new nominees being addressed before a Senate Committee today. MBS has started the day lower, but is currently Up 6 bps. Lenders will tend to keep their Mortgage Rates Unchanged from yesterday's pricing. Yields are currently sitting just under 0.61%.As I mentioned in the video, these views do not represent anybody else, but my own. I do work as a Loan Officer, so if I may be of assistance with your refinance or...
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By Richa Nayyar
(Coming service)
Roofing is as important to a home as its foundation. If deciding on a roofing solution is a tough task, then maintaining the look and strength of your roof is even tougher. The roofing materials like roof tiles are said to be highly reliable. But, Even the strongest roofs don’t stand the test of time. It may start to perish, leaving our homes vulnerable to the climate. Especially in places with varying and extreme weather conditions, roofing needs to be checked upon frequently. Here we will discuss about various things we can do to make our roofs last longer.Timely Maintenance:One of the most important and easiest things to do to keep your roof last longer is to always maintain and take care of your roof. All you need to do is just examine your roof repairs Dublin maybe once or twice a ...
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By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
The housing market continues to shine in an otherwise down economy due to the pandemic induced shutdown that took place at the end of March through early May across the nation. Housing prices continue to rise as low rates and supply crunch lift prices. The Radian Home Price Index shows that home prices rose 6.3% in the first half of 2020, up 8.1% from July 2019 to June 2020. Steve Gaenzler, SVP of Data and Analytics said, "After gains across the U.S. slowed in May, the first half of the year ended on an impressive note, especially given the significant headwinds real estate transactions have faced."With a positive housing market unfolding in the past few months, the foreseeable future could also be rosy for the sector. And with such low rates, many Americans are buying houses or looking...
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