Month: December 19, 2013

Obtaining a mortgage loan in Broward County can be difficult if you don’t have a good credit score. But it isn’t impossible. Many Broward residents from Coral Springs to Hollywood have beaten the odds and have achieved the American Dream despite a spotty credit report.  If your credit score is lower than average, a highly-skilled mortgage lender can help potential Broward home buyers and refinance clients get the mortgage approval they need. Even if your credit score isn’t what it should be, there is hope. A knowledgeable mortgage lender understands exactly what an underwriter needs and can assemble a complete loan package.  A bad credit score can result from a variety of issues. The loss of a job or health problems can severely put a dent into your personal finances,…

  With the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act came a wave of new regulations in just about every facet of the mortgage loan industry. As a result of the regulations, there was a steep decline in the number of mortgage brokers operating in the industry. Many potential homeowners are torn between who they should choose when it comes to securing a mortgage loan; a broker or a bank. There are advantages and disadvantages to both depending on everyone’s unique situation. However, brokers are a better option than they once were as those still in business like Ace Mortgage Loan Corporation are the ones dedicated to following the rules and regulations and they are committed to providing impeccable customer service. Brokers have an interesting advantage…