Month: May 28, 2013

Reverse Mortgages in Coconut Creek

  Many people have heard of reverse mortgages, but not many know what that actually means. The name itself is part of the confusion as it seems like there isn’t anything which can be reversed in a mortgage in Coconut Creek, FL. Here’s the basics when it comes to reverse mortgages in South Florida. A reverse mortgage is a special kind of mortgage most often utilized by people older than 62 years old. This is for their benefit as most traditional mortgages are paid over a 30 year period, but that’s a problem for someone who probably won’t live for another 30 years. A reverse mortgage is essentially an equity loan where the standard interest is deferred. A standard mortgage involves someone making a fixed monthly mortgage payment for a…

Home Loans Made Easy in Broward and Palm Beach Counties

  Buying a home is a defining moment in someone’s life. It signifies that you’ve established yourself somewhere and are looking to settle down permanently. In a rough economy, the details of your mortgage can make or break your home buying experience as well as your finances for years to come. Tapping in to the services of a qualified and experienced mortgage broker can come in handy and help you embark on this new journey by stepping with the right foot forward. One of the most common misconceptions first time homebuyers’ face is the tendency to go to their bank for mortgage advice. The bank is typically biased and will give you advice based on their priorities, particularly if it is a large, nationwide bank. Going to a mortgage loan…

Trust Your Mortgage Lending Company

  It’s been a pretty tumultuous few years for the housing industry. Thanks to the “loans for everyone!” practices of the past, most banks have reevaluated their lending practices so obtaining a home loan isn’t as easy as it once was. That doesn’t mean refinancing a home loan is impossible however. Those with decent credit scores (higher than 700 should be sufficient) and 20% equity should have no problems. The trick to refinancing a mortgage is finding a reliable home financing company in Coral Springs, FL like Ace Mortgage Loan Corporation. Dishonest lending practices of the past have put an indelible mark on the business, but that doesn’t mean you need to be wary of all lenders. Some, like Ace Mortgage Loan Corporation, believe that the best interest of the…

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