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 9
“I’m Sure Many Teachers have Asked”     Have you ever been guilty of looking at others your own age and thinking, "Surely I can't look that old!" Well...you'll love this one.My name is Alice, and I was sitting in the waiting room for my first appointment with a new dentist. I noticed his DDS Dipl...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Consumer inflation edged higher in October and was the largest gain since March, fueled by higher gas prices. The Consumer Price Index (CPI) rose 0.4% versus the 0.3% expected while the year-over-year number saw a 1.8% increase from 1.7% in September. Core CPI rose 0.2%, in line with estimates, w...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“Should We Ask, Why Ask Why?”     Why do supermarkets make the sick walk all the way to the back of the store to get their prescriptions while healthy people can buy cigarettes at the front?Why do people (like me) order double cheeseburgers, large fries, and a diet coke?Why do banks leave vault d...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Consumer Price Index rose 0.4% in October; and it's YoY rose from 1.7% to 1.8%. The Core CPI (excluding food and energy) rose only 0.2% in October; however, it YoY dropped from 2.4% to 2.3%. Stocks are Down this morning after being disappointed in President ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 3 basis points today at 102.44 having closed 75 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, t...

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 November 12, 2019 Terms                           Posted Rates                 Our Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          2.69%2 year   ...

By Daniel Ramsey, MyOutDesk - Real Estate Virtual Professionals
(MyOutDesk)
Comments 0
As a mortgage industry professional, your income benefits from serving the largest number of clients as possible — all while offering top quality service. However, to be successful, you must address a wide range of everyday tasks ranging from marketing to customer service — making it tough to jug...

By Daniel Ramsey, MyOutDesk - Real Estate Virtual Professionals
(MyOutDesk)
Comments 0
There’s a refinance boom going on, and savvy mortgage brokers like Eric Garnicki are making a killing by taking advantage lower interest rates & leveraging the power of a virtual assistant.“You need to understand that we have a very finite, limited amount of time,” Eric says, “There’s a big searc...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
On the way home from dropping my wife at the airport in Westchester, I stopped to get my radio fuse replaced in my Jaguar.  On the way home, my Bernese Mountain dog Tucker and I were at last able to listen to the radio.  As we rode along, I had the pleasure of hearing President Trump address the ...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 1
A Special Success Story:  Danny originated and closed an FHA purchase loan for his borrowers on a manufactured home, overcoming non-permitted additions, insufficient foundation tie downs, re-certifying HUD labels, and retiring the vehicle title all within 30 days. What made the buyers even happie...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
A letter to both Real Estate Agents and Borrowers from James:Starting in the mortgage business in 2002, I learned all I could about the in's and out's of the various loan programs that existed. One of the most important is the importance of living and working with integrity. This is something my ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The NFIB Small Business Index, which is an index that measures the confidence level with Small Businesses, rose from 101.8 to 102.4 in October. Stocks are in Positive Territory, as they await a speech from President Trump today. It's anticipated that he'll speak...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Bonsd markets were closed today in remembrance of Veteran's Day.  Equity markets were open and the world's trader continued to ply there trades.  The silence of the exchanges, after the racous shouts and clamors of rambuncious traders, today is somehow more tranquil than other days.  It reminds m...

By Richard Zaretsky, Florida Real Estate Attorney
(THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY)
Comments 8
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 forec...

By David Jackson, MBA, Financial lending analyst
(Olympus Labs)
Comments 0
There are very few people in the world who can genuinely claim to have as much money as they need. For most people, there is always the need to earn more as there is still plenty of months left at the end of the money. It means that dreams are often left unfulfilled or that opportunities can go b...

By Richard Zaretsky, Florida Real Estate Attorney
(THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY)
Comments 7
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...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 2
As we all know, some things change. But Marines adapt. Their organization, their training, and their equipment change to the current operating environment. However, some things remain the same.  Commitment. Texana Bank Mortgage is committed to their borrowers, their loan originators and branch ma...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
That's my father's picture in this post, when he was a Lieutenant in the Navy during WWII, a pilot flying both PBY Catalina's and Martin PBM Mariner's, commonly know as a patrol bomber "flying boat". I have always been so proud of him for everything he did in his life and mine and his time servin...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
Even with Good People Bad Things Can Still Happen     Good morning Joe. All the cards that are over the limit are no longer in the status so that’s good lol. The ally financial will be current as of tomorrow. I am working on getting the mortgage and the other accounts current as well. With everyt...

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 3.59% 3.19% Fixed 2 Year 3.74% 2.89% Fixed 3 Year 3.89% 2.74% Fixed 4 Year 3.94% 2.94% Fixed 5 Year 5.19% 2.74% Fixed 7 Year 5.80% 2.89% Fixed 10 Year 6.10% 3.04% Variable 2.90% Prime 3.95% Benchmark 5.19%