Here is a chart on the foreign exchange (FX) fluctuations in the USD value of the mortgage repayments, on an Australian loan as of the end of August 2018.⠀
For this example, assumed an Australian Mortgage of $400,000 (AUD). Amortized over 30 years, with a 4.50% interest rate. The AUD monthly repayment is $2,026 (AUD).⠀
If the borrower was to enter the mortgage in July 2016. The USD value of repayment would be $1,540 (USD) when the current spot rate is applied.⠀
In this example, a fixed USD repayment is represented by the red line (applying the July 2016 spot rate).⠀
The blue line represents the historical USD value of the mortgage repayment between the USD and AUD from July 2016 – to August 2018.⠀
As you can see, the AUD represents a volatile currency and can have a significant impact on the FX repayment rate, when sourcing USD funds to make repayments on the Australian loan of AUD $52,695. In the above two-year period, the fixed foreign exchange rate requires the US $40,033 of mortgage repayments, while the floating foreign exchange rate would pay out US $40,110 a difference of US $78 on currency movements. The depreciation of the AUD in current months has reduced the USD required, to be in with the fixed July 2016 commitment.⠀
1 1821 minutes ago
Sometimes luxury is about celebrating self and the small victories. Filter free and I look Good AF. I didn’t realize I look this sexy after a run. I couldn’t do much else but lay down in front of the fan...🤣😂🤣. It wasn’t an easy run, but I completed over 2 miles. I am working up stamina and building speed for the upcoming 10K in November.
I have to remember, like we all do, that success is built in incremental stages. The foundation to sustained success is built over time. We all have to take time to RECOGNIZE our own success, no matter how big or small. By feeling empowered and self-affirmed we can then build upon the success, and with each accomplishment we are closer to our ultimate goal.
Today my wish for all my Instapeeps is that you make the time to appreciate your accomplishments/successes. Allow yourself to use the recognition as fuel to help you achieve more success. Remember if no one else tells you, I am on your side. #thursdayvibes#MyloIsMyLO#mylomotivation#mortgagepro#mortgagespecialist#homeloans#homeloanspecialist#dfwmortgage#dfwrealestate#dfw#loanofficer#mortgagebroker#mortgage#inspiration
Obtaining a mortgage in 2018 requires much more paperwork than it did 10 years ago. Whether you are ready to apply for a home loan now or you are still in the researching stage, it is helpful to know what you need when you apply. Most mortgage companies want to review basic financial and personal information, including your credit score, income history, address, and current debt obligations. Depending on the type of home loan you are applying for and your unique situation, here is an overview of some or all of the documents you may need.
How do you know what loan is best for you?
📍It is always best to have an experienced mortgage loan officer on your side to help structure your mortgage program, closing costs and prepare you for the home purchase process. We also work with the best Realtors, so your home purchase goes smoothly!🏡
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I run these real estate talks periodically through my Meetup group, and we’re doing one on Saturday! Right now I have 16 people RSVP’d so I only have a few spots left. If you’re interested in joining us, let me know! It’s a great time to have a mortgage lender and a realtor in one spot to ask all the questions you have about anything real estate related. We do it Q&A style so it’s casual and less boring than a seminar. 😊🏡💰 Message me for details!
0 7an hour ago
🔥🔥10 DAY CLOSE... IS IT POSSIBLE??👇🏼👇🏼 The FACTS never lie.
The NUMBERS never lie.
I got a call from my Agent that the Buyers Lender could no longer make the loan work. “Can we keep the original closing date?” My Answer- You know who we are, of course we can.
Her Response- And that’s why I called you. I knew you could do it. 💥💥💥💥💥💥💥💥💥💥💥💥 WE not only honored the closing date but took it a step further and said “Let’s CLOSE early!!” A 10 DAY CLOSE IS POSSIBLE.... IF YOU ARE PARTNERED WITH THE RIGHT LENDER✊🏽. Keys will be delivered shortly to this deserving couple... BEAUTIFUL home for a beautiful family and we are honored that we could make this dream a reality♥️ #MelcoLegacyLoans#300Dreams#10DayClose#AZLender#WhoDoYouRunWith#HomeLoans#NeverGiveUp
Pre-approvals are calculated based on proof of income, liquid assets and credit scores.
The pre-approval helps you negotiate a better price on the house. It also speeds up the process of closing the loans because it allows the real estate agent to select homes with confidence.
Great news! Lyons Mortgage Services Inc. allows you to get pre-approved online at ! In-person pre-approvals are also available for your convenience by visiting our office, or by calling one of our mortgage loan representatives at (800) 448-8101.
After being pre-approved, one of our experienced loan officers will reach out to you and help you navigate through the mortgage process, step by step!
1 231 hours ago
She believed she could, so she did! Congrats on this huge accomplishment ❤️
Life is Beautiful kicks off tomorrow afternoon in the downtown district, with 5 stages that are scheduled to host some of your favorite music artists and comedians all weekend. The area will have an array of food and drinks for you to choose from, and a dash of murals and art installations scattered through out the 18 city blocks to add to your experience. Our local Cirque Du Soleil performers from The Beatles Love show and the Blue Man Group will also perform live collaborations with artists for a one of a kind show you can only see at the festival. So if you're in the mood to sing and dance or laugh out loud, they've still got Friday VIP and Sunday tickets available if you don't already have tickets (be quick because they seem to be selling fast). Music, Art, Food, Drinks, and Laughter... life is definitely beautiful this weekend!
Because I love my country 🇺🇸 so much, I pushed myself to the limit and served in the US military for many years. Today, I continue serving my country by helping Veterans buy homes🏠. To work with a loan officer that is passionate about helping Veterans, 📞 call me right away!