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
Owning a home is a classic element of the American dream, but with an average median home price of $241,300 in 2019, such a purchase may feel out of reach. However, leveraging auto-saving methods can help you build up your savings before you know it, giving you the down payment you’ll need to buy...
http://MikesDailyMarketReport.com: The Case Shiller HPI showed a slowdown in National Home Prices in May, as it dropped from 4.6% YoY Appreciation in April to 4.5%. I'm confident this will rise, as we head into summer. Consumer Confidence dropped from 98.3 in June to 92.6 in July, as several stat...
http://MikesDailyMarketReport.com: The Durable Goods Orders increased 7.3% in June, surpassing it's forecast of 6.5%. There will be other reports this week, which includes the first look at Q2 GDP; and the FOMC starts tomorrow, with their Announcement on Wednesday. Stocks are trading in Positive ...
Mortgage backed securities (MBS) market closed up 3 basis points today at 104.53 having closed 300 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 En...
Entering Fed Week Questions Loom About Life of Gold Rally
(The Federal Savings Bank/Lending in 50 states)
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Economic data is plentiful this week with Durable Orders easily beating expectations in June as data continues to roll in on the positive side. In addition, housing, consumer confidence and sentiment, the inflation reading Core PCE and consumer spending will be released. All eyes will be glued to...
Table of ContentsA Biased View of Puerto Rico — American Cancer SocietyWhat Does Puerto Rico News — Top Stories From Al Jazeera Mean?A Biased View of Pandemic Plunges Puerto Rico Into Yet Another Dire …Not known Facts About Puerto Rico -Public Access — Main Page — Lexis AdvanceAbout Puerto Rico P...
Latex has long been associated with Halloween Costumes, the 70s and sexy attires. But this last month, latex has been seen to make a comeback in Paris’ catwalk, with fashionistas among the like of the Kardashian sisters and Lady Gaga in her latest video. So, is the latex look back again?Source: ...
Divorce Mortgage San Diego - Spousal Support Income - The Rule of 6/36
(AmeriFirst Financial Inc, San Diego, CA)
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What are the rules for using Child Support and/or Alimony as "Qualifying Income" for a Mortgage Loan Application? There is often a disparity between "Real Income" (the amount of money we actually receive) and "Qualifying Income" (the amount of income that is recognized on a mortgage loan applicat...
A growing number of Chelan, Bridgeport, Coulee City, Washington homeowners have saved their homes thanks to Obama's Loan Modification Plan, and can now afford their payments so they don't lose their home to foreclosure. President Obama's Federal loan modification program helps lower mortgage pa...
In a nutshell, Obama's Loan Modification program will provide a reduction in the payments of Deer Park, Chewelah, and Newport, Washington homeowners. This means that the monthly installment will be equal to or less than 31% of the gross monthly income of the household - including taxes, insuran...
PENSACOLA’S TOP STORIES: Mortgage Rates Rise for First Time
(Charles Stallions Real Estate Services )
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Pensacola’s TOP STORIES:Mortgage Rates Rise for First Time Since June 25The 30-year FRM averaged 3.01% this week after dropping below 3% last week for the first time in at least 50 years. One year ago, the FRM averaged 3.75%. Read more Pensacola's Need To Know? What is Title Insurance, Escrows an...
Some house hunters get fed up with looking for just the right home, while others start out their home loan journey knowing in advance they want a house built for them. What options to these borrowers have?There is an FHA home loan known as the FHA One-Time Close construction loan that lets borrow...
PENSACOLA’S TOP STORIES Will Your Insurance Weather a Hurricane?
(Charles Stallions Real Estate Services )
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Pensacola’s TOP STORIESWill Your Homeowner’s Insurance Weather a Hurricane?June 28 was National Insurance Awareness Day – a reminder for homeowners to check their current policies and coverages as the nation faces the 2020 hurricane season. Read more Pensacola's Need To Know? What is Title Insura...
#HELOC - No Income Verified-Verified Asset (NIVA) - NO TAXES
(RT Capital Advisors, Inc. CEO)
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Home Equity Line of Credit (HELOC) No Income Verified-Verified Assets (NIVA) Owner-Occupied, Non-Owner Occupied and Second Homes, SFR's, 2-4 families, Condos and Co-ops. Over 700 FICO with no history of BK or lates. First 6 months starting at 4.29%. Loan amounts from $150,000 - $1,000,000....
Mortgage Companies In AtlantaAre you planning to buy a house in Atlanta? Congratulations! Welcome to the home buying process; you are now a step closer to getting your dream home. The real estate market in Atlanta is quite huge, with the mortgage lenders serving thousands of people. Thi...
As we have businesses opening after state mandated shutdowns we have new methods to follow for self employed borrowers/buyers.Pre-Pandemic we would use the past two years Federal tax returns and average income or sometimes, if the most recent year was lower, we would use the lower of the two yea...
http://MikesDailyMarketReport.com: Markit Manufacturing PMI moved into Expansion territory in July, as it went from 49.8 in June to 51.3. Markit Services PMI improved in July, as it's June number was 47.9 and jumped up to 49.6 in July. Anything below 50 is contraction territory and anything above...
Should You Apply for a Home Equity Loan or Is It Better to Refinance?
(Mortgage Central Nationwide)
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Canadian homeowners have plenty of ways to access home equity although it can be tricky to choose which option is the best for their specific situation. It is not a secret that some individuals may face more difficulties or experience more limitations such as in the case of freelancers and other ...
Home equity loans and home equity lines of credit are hot mortgage news topics recently because of changes with mortgage rules and interest rates. There is also quite a lot of misunderstanding from readers thinking that HELOCs and home equity loans are one and the same. In this write-up, we’ll be...
Debt consolidation is a popular way to avoid paying huge interest rates for existing debts. Through the process of debt consolidation, multiple debts are converted into just one easy-to-manage debt with just one billing instead of having to keep track of multiple bills a month. It works by borrow...