Melbourne Home Loan Calculations Depend on DTI Diagnosis

Thursday, March 31st, 2016

It might sound shocking, but Melbourne’s homeowners—present and future—have DTIs! Although the press has been largely silent, it’s important that the public be fully educated on the subject. But before anyone calls an emergency meeting to see what can be done… The good news is that, despite how dire it may sound, having DTIs isn’t […]

Comparing Mortgage Offers Rewards Melbourne Home Buyers

Monday, March 21st, 2016

For Melbourne home shoppers who anticipate taking advantage of today’s low mortgage interest rates, the Consumer Financial Protection Bureau has a few words of interest. The CFPB thinks it has found a way for consumers to get the best home loan deals. The way they recommend is to shop around. Now, it may seem as […]

Strong Melbourne Jumbo Loan Outlook Continues

Wednesday, February 24th, 2016

“The Jumbo Jungle” may sound a little like the elephant compound in a wild animal park, but it’s actually a seldom-quoted tab under The Wall Street Journal’s online Real Estate section. The “jumbos” being discussed are the trunkless kind—the hefty mortgage loans whose center rings are found in binders instead of circus tents. Judging from […]

What’s More Important to Melbourne Renters than Interest Rates?

Saturday, February 20th, 2016

You’d think that the single most influential factor governing a potential Melbourne home buyer’s decision on whether to buy now or hold off would be the ongoing bottom line—that is, the amount of an anticipated monthly mortgage payment. Maybe not. The New York Federal Reserve argues otherwise. Not just a little bit otherwise; “dramatically” otherwise. […]

Melbourne Mortgage Interest Rates Fall Amid Economic Turmoil

Sunday, January 31st, 2016

By the end of last week, with world financial markets quavering and Wall Street chalking up the worst start for any year ever, you’d think that Melbourne’s real estate outlook would be as worrisome as the rest of the economy’s. Not necessarily. For sure, there was enough to worry about. If world trade levels continue […]

Extra Payments for Melbourne Mortgages Questioned

Tuesday, January 19th, 2016

It’s usually around this time of year when the one in charge of keeping track of your Melbourne household’s finances either sits down to do some budget arithmetic, or (at a minimum) goes hunting for a new shoe box to hold the coming year’s tax receipts. Both activities are simply exercises in ascertaining what is […]

No-Debt Gurus vs. Today’s Melbourne Mortgage Reality

Tuesday, December 8th, 2015

  This past week, after a Thanksgiving feast wherein the average American is said to have enjoyed chowing down 2,000+ calories (equivalent to 3 Whoppers), the average American is said to have either trooped off to an early bird Black Friday sale mob scene or else (more likely) settled onto the couch to behold, in […]

Reverse Mortgage Pitches Draw Consumer Group’s Ire

Wednesday, November 4th, 2015

  Whenever the words “reverse mortgage” are uttered, any Melbourne TV viewer immediately makes the connection with one of several celebrity spokesmen who blanket the airwaves with commercials touting the concept. If you listen carefully, those reverse mortgage ads do actually describe the product with legal accuracy. If you have the standard degree of sales […]

Melbourne Mortgage Availability has Improved with Time

Monday, October 19th, 2015

Whenever an unplanned and unwelcome financial situation develops, a Melbourne mortgage-holder can find himself or herself in the onerous position of being unable to keep up with the monthly home loan payments. If the unhappy situation continues long enough, the likely result is a foreclosure or short sale. In addition to losing the property, the […]

Melbourne Mortgage Interest Rates Reflect Fed Funds News

Wednesday, October 7th, 2015

  The way the media treated last week’s federal funds rate announcement by the Federal Reserve Board was a convincing demonstration of how much importance is placed on that singular piece of the financial puzzle. That rate may not be directly tied to Melbourne mortgage interest rates, but since it determines lenders’ borrowing costs, its […]