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.

Recent blogs on Mortgage / Finance
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.26%*EST. CANHOU 06/15/28 [+0.07%]   ‌ 10 Year - 3.41%*EST. CANHOU 06/15/33 [+0.06%]         * denotes interpolated rate GoC 5 Year - 3.00% CAN 09/01/27 [+0.06%]   ‌ 10 Year - 2.90% CAN 06/01/32 [+0.05%]   ‌ 15 Year - 3.03%* Est. 12/01/36 [+0.04%]   ‌ 20 Year - 3.03%* Est. 12/01/41 [+0.03%] GOC Bonds are for reference purposes only Floating rate insured cost of funds 4.54% [-]                   Prime Rate 6.70% [-]    
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By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Conventional 30 year Mortgage: 5.75%Credit score:740LTV:75%Loan Amount: $300kAPR: 6.295%FHA 30 year: 5.5% Credit Score:740LTV:96.5%loan amount: $300kAPR: 6.415%Conventional 15 year: 5%Credit score:740LTV:75%Loan Amount: $300kAPR: 5.085%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 Bradford Simmons, CPA providing tax debt resolution services
(Ocean Consulting Services LLC)
I filed my tax return - it showed that I owed money - I didn’t send in payment. Now the dreaded envelope arrives - it’s from the IRS. I finally open it…. Help what does it mean, what does this notice number mean?The IRS is notorious for sending out cryptic mail. In this post I’ll attempt to provide a bit of clarity to help decipher the various types of notices.Let’s start with the basics - the IRS uses antiquated technology. Notices generated by the IRS appear to be from the ’70’s - because that’s probably when the notices were designed. The IRS has recently received a commitment for increased funding - a portion of which is designed for technology upgrades.So I file my return - it shows a balance due - I don’t send in money - clearly I owe the government money - why do they need to sen...
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By Bradford Simmons, CPA providing tax debt resolution services
(Ocean Consulting Services LLC)
Help - the IRS is after me! I’m an employee - my taxes are taken out of my pay - my wife is self-employed - the government says we owe money due to some issue with her business - we field a joint tax return - am I on the hook? In most situations yes - however the IRS has a program it refers to as Innocent Spouse. This program may provide you with relief.In our last post we discussed the basics of tax returns and tax liability for married couples. Every individual (with sufficient taxable income) has a tax filing obligation. This is an individual obligation - even for married taxpayers. For taxpayers electing to participate in the filing of a joint tax return the obligation for unpaid tax is “joint and several”. This means collection of the entire tax can be attempted from each spouse - ...
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By Bradford Simmons, CPA providing tax debt resolution services
(Ocean Consulting Services LLC)
Marriage and taxes are inexorably intertwined. Let’s begin with the basics of tax returns and tax liability. Most individuals (those with sufficient taxable income) have a tax filing obligation.This is an individual obligation - even for married taxpayers. The default filing status for a married individual is Married Filing Separately. Married taxpayers are allowed to elect to file with their spouse - as Married Filing Jointly. Married taxpayers are not required to participate in the filing of a joint tax return.For this discussion I’m assuming that the taxpayers do not live in a “community property” state.For taxpayers not electing to be included in a joint tax return the liability for any unpaid tax is the personal obligation of the taxpayer - regardless of marital status. For taxpaye...
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By Sandra Nickel, The Hat Team
(Sandra Nickel REALTORS)
Owning a home is part of the American dream. Working hard, saving money, finding the right house, and going through the mortgage process all pays off when you move into your own home and being to enjoy the perks that come with what is likely to be your largest financial investment. Some of those perks come in the form of tax breaks. And with tax season around the corner, it’s time to educate yourself about those tax breaks. You might be surprised to discover that many of your biggest home-related expenses are often tax deductible.Here are the top four tax breaks for homeowners:MORTGAGE INTERESTThe most significant tax break you’ll get is a mortgage interest deduction, which is nice since a huge part of your monthly mortgage payment goes towards paying off interest for a while after your...
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By Bradford Simmons, CPA providing tax debt resolution services
(Ocean Consulting Services LLC)
You’ve filed your tax return - you have a balance due - the IRS has sent you all kinds of notices - now you’ve been told your account is in “collections” and that the IRS will attempt to seize your assets and garnish your wages.  You don’t have any assets to speak of and your income is spent each month - you can’t pay!  Maybe in a year or two you’ll be back on your feet financially but for now you have nothing left at the end of each month.  What can you do?One option for taxpayers in this situation is to request that you be considered “currently not collectible” (CNC).  OK - so what does this mean?Status as CNC basically results in putting the IRS “at bay” for a period of time.  While you are considered CNC the IRS won’t seize any assets.  Meanwhile the ten year period for collections ...
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By Michael Mahoney, Boston Realtor with Century 21 American Properties
(Century 21)
Today Matters is a daily message put out by Greater Boston Realtor Michael Mahoney for the agents in his office. Check me out @ http://www.RealtorMikeMahoney.comIn today's video, we review mortgage rates.See the video here ohttps://youtu.be/syD9kxV6Ofsr click below
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By Matt Brady, One of San Diego's Best Lenders
(Watermark Capital)
 It’s time for another Weekly Rate Watch. My goal is to help navigate you through the world of finance and how it relates primarily to the real estate industry. Should you ever have any questions at all, please do not hesitate in reaching out. PPI numbers came in this past week showing an easing of inflationary pressures on producers. The Index came in at -0.5% when the market expected a -0.1% reading.Although the markets reacted positively on the release of this data, they retraced some of their gains when Fed officials came out in a more hawkish tone. They know, that the market knows, rates should come down due to easing inflation.The Fed, however, does not want the markets to get ahead of themselves so they will try to calm things down with a hawkish tone.The next Fed meeting begins...
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By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
Inversiones en bienes raíces siguen siendo un excelente camino para la jubilación.  ¿Es usted o conoce a un ciudadano extranjero que está buscando invertir su dinero? Realty Preferred DFW tiene muchas opciones comprobadas para su estrategia de inversión. Estamos aquí para ayudar con sus inversiones de bienes raíces.
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By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.14%*EST. CANHOU 06/15/28 [+0.02%]   ‌ 10 Year - 3.30%*EST. CANHOU 06/15/33 [+0.03%]         * denotes interpolated rate GoC 5 Year - 2.87% CAN 09/01/27 [+0.03%]   ‌ 10 Year - 2.78% CAN 06/01/32 [+0.03%]   ‌ 15 Year - 2.93%* Est. 12/01/36 [+0.02%]   ‌ 20 Year - 2.94%* Est. 12/01/41 [+0.02%] GOC Bonds are for reference purposes only
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By Toby Barnett, Toby Barnett
(KW North Sound)
What are VA Home Loan Limits in Snohomish County, Wa?You might be surprised they're well over $600,000. Click the video to watch a 1 minute video explaining the zero down loan limits, type of homes that qualify (view all VA qualify homes here), and more. If you have questions please send a message or give me a call at 425-210-0709 to discuss using your VA Eligibility.
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By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Conventional 30 year Mortgage: 5.74%Credit score:740LTV:75%Loan Amount: $300kAPR: 6.285%FHA 30 year: 5.5% Credit Score:740LTV:96.5%loan amount: $300kAPR: 6.415%Conventional 15 year: 5%Credit score:740LTV:75%Loan Amount: $300kAPR: 5.085%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 Charles Ross - (785)-819-6944, Love To Help People
(eXp Realty LLC Salina Group)
If you’re in the market for a new home, one of the things you’ll need to do is get your credit in order. A strong credit score will give you access to the best interest rates and terms on a mortgage. It will also help you save money in the long run.But what if your credit isn’t where you want it to be? Don’t worry – there are still things you can do to improve your credit and get closer to your dream of homeownership. Check out these tips for improving your credit to purchase a home.Know your credit scoreThe first step to improving your credit is to know where you stand. Start by pulling your credit report and closely examining your credit score. If your score is on the lower end, don’t despair – there are still things you can do to improve it.Get help from a credit counseling or credit...
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By Matt Brady, One of San Diego's Best Lenders
(Watermark Capital)
We finished the week in a bullish matter as markets embraced the CPI data. Inflation was reported in line with market expectations at 6.5% (down from 7.1% from the previous month). What is more significant is that this was the first time since April 2020 that we saw a month-over-month (MoM) decline in inflation. It was -0.1% month over month.In past issues, I discussed how “I wouldn’t change my tune” until we saw a trend in month-over-month declines. Although I’m happy with the data, one CPI report does not confirm a trend. We would need a minimum of 3 continuous months of MoM before discussing the topic of a new trend in place. But the data is finally encouraging.The Fed still wants a weaker jobs market, which is ironic since one of the pillars of the Fed is to maximize employment (th...
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By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB       ‌ 5 Year - 3.32%* EST. CANHOU 06/15/28 [-0.06%]     10 Year - 3.42%*EST. CANHOU 06/15/33 [-0.06%]   * denotes interpolated rate GoC 5 Year - 3.03% CAN 09/01/27 [-0.05%]   ‌ 10 Year - 2.91% CAN 06/01/32 [-0.06%]   ‌ 15 Year - 3.03%* Est. 12/01/36 [-0.05%]   ‌ 20 Year - 3.03%* Est. 12/01/41 [-0.05%] GOC Bonds are for reference purposes only
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By Robert Rauf
(HomeBridge Financial Services (NJ))
Down payment assistance, for everyone?? Well, maybe not for everyone but darn close.At Homebridge we have a new program that can help buyers that are tight on cash and provide them either 3.5% or 5% down payment assistance. There is the possibility the DPA can be forgiven after 5 years of on time payments, but there are a few ways to structure things that may  be a better fit for you.  This program is available with NO income restrictions, and you do NOT have to be a First time buyer.It will be based on an FHA loan with FHA MIP and generous ratios. and based on FHA loan limits for your area.Do you think this will be a good fit for you? If so, reach out to me, I would be happy to help.  And if you want to see 30 seconds of my talking head you can find me on  IG: @Robrauf  (IG is definite...
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By Melissa Thompson, I'm a real estate agent helping buyers and sellers
(Thompson Real Estate)
Buying a home is one of the biggest financial decisions you'll make in your life. It's important to be realistic about how much mortgage you can handle so you don't end up in a financial bind. Below are some of the things you should consider:1. Evaluate Your Current Financial SituationThe first step in deciding how much mortgage you can handle is evaluating your current financial situation. Look at your income, expenses, and debts to get an idea of how much you have available for a mortgage payment. Make sure to also factor in your other monthly expenses, such as utilities, insurance, and transportation costs.2. Determine Your BudgetAfter a clear picture of your current financial situation, you can start determining your budget for a mortgage payment. A general rule of thumb is that you...
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By Bradford Simmons, CPA providing tax debt resolution services
(Ocean Consulting Services LLC)
In our last post we discussed the concept of Reasonable Collection Potential - RCP. In this post we’ll get into some details relating to the rules around specific RCP amounts.As a refresher RCP is the key metric in evaluating potential options when dealing with your tax debt. It’s intended to provide the IRS with an amount which they believe is available to settle the debt. It’s an approximation of what they could collect through “forced” collection methods - liens and levies.The first component of RCP relates to your assets. This includes all assets - your home, car, RV, money in your bank account, retirement accounts. For assets other than cash the IRS allows a discount of 20% to an assets fair market value. This discount - referred to as a “quick-sale” discount is intended to reflect...
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By Bradford Simmons, CPA providing tax debt resolution services
(Ocean Consulting Services LLC)
Reasonable Collection Potential - RCP - is the key concept in dealing with the variety of tax debt solutions offered by the IRS. RCP is used by the IRS in evaluating your suitability for participating in various programs including: Installment Agreements - where your tax debt is paid off over time Offer In Compromise - where the IRS allows for less than full payment in satisfaction of your tax debt Currently Not Collectible - where the IRS determines that you cannot currently make any payments and agrees to hold off on collection efforts for a period of time RCP represents the amount that the IRS determines is available to satisfy your tax debts. It includes an analysis of your assets and your future earning potential - after providing for living expenses.The IRS has tools available to ...
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