A wave of retiring U.S. baby boomers may lead to an increase in unconventional loans known as reverse mortgages in coming years, but the practice comes with risks, according to a report released Thursday by the Consumer Financial Protection Bureau.
The Reserve Bank of Australia (RBA) sees no reason for alarm amidst observations by some economists that the country's housing sector could witness the same meltdown that humbled the U.S. economy in 2008.
Property owners and those looking to buy property are encouraged to take steps now to maximise their tax refund, according to Australia's largest independently-operated mortgage broker, Mortgage Choice.
Nothing excites Australians like house prices and mortgage rates. It is no surprise, therefore, that the recent decision by major banks to increase interest rates 'outside the cycle' - that is independently of the Reserve Bank of Australia (RBA) - has led to hyperventilation among consumers and politicians.
Why You Should Have Become a Property Investor
Thank you to readers for their feedback to Monday's Daily Reckoning. We were expecting some outraged hate mail at our scepticism. Instead it was only thoughtful and often sad stories from people who had to personally experience the issues we raved about.
Our Growth is Not Slowing: NAB
NAB has said it will continue to drive volumes through third party brokers as it grows above system levels and seeks a greater share of the mortgage market.
Asian Borrowers Need Mortgage Broker Education
Mortgage House franchisee Tom Mak believes that steps should be taken to initiate a campaign that explains the role of a mortgage broker to prospective Asian borrowers.
Zac Efron has recently been reported shopping for a luxury home address. Is this a sign of growing up, or is he getting ready to settle down?
At least in one region of the county at dinner parties, it's the question that's on the lips of prospective home buyers: will home mortgage interest rates fall more? The average fixed rate for a 30-year mortgage for...
Incredibly, U.S. home mortgage rates continue to trend lower -- the average 30-year, fixed rate is now 4.07 percent, and they could drop even lower. Still, given soft home prices, jumping into the housing market is hardly a s...
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- From Peter Boehm