Month: April 29, 2014

5 Ways to Pay Off Your Mortgage Faster

  Paying off your mortgage can be difficult and it can be even harder for those who are first-time homeowners. The thought of paying off one’s mortgage early is sometimes only a dream or fantasy. What if you really were able to pay off your mortgage faster? Here are 5 great ways to help you pay off your mortgage faster: Round up your mortgage payments. Every step counts. Every dollar counts. Every penny counts. If your monthly payment is $975.29, take a step further and round it out to $1,000. Those extra $24 and 71 cents go a long way. It will shorten the amount of time you have to pay off your mortgage. Make a lump-sum payment. Now is the time when Americans are receiving their tax refunds. It…

U.S. Mortgage Rates Rise Again

  Freddie Mac announced on Thursday, April 3, 2014 that the average 30-year fixed rate loan went up from 4.40% to 4.41%. The average 15-year mortgage rate increased also from 3.42% to 3.47%. Despite the recent mortgage increase, the rates have remained at historically low levels. How exactly is the average mortgage rate calculated? Freddie Mac surveys lenders all across the nation between Mondays and Wednesdays of each week. When the average is calculated, the extra fees, also known as points, are not included. Borrowers pay for points to help them get the lowest rates. One point is equivalent to 1% of the loan. As the mortgage rates increased, so did the average fees. The 30-year mortgage fee rose from 0.6 points to 0.7 points. The 15-year loan fee stayed…

A Mortgage Company You Can Trust in Plantation

  There are many mortgage companies in Plantation, but there is only one mortgage company that is reliable and filled with people who care about their clients. Ace Mortgage Loan Corporation is a mortgage company in Coral Springs, FL that puts its clients’ needs as a very high priority. We help those living in Plantation who are struggling with their home loans. We acknowledge that you may be pre-occupied with other events and things that are going on in your life. We believe that your busy life should not be so stressful that you are feeling consumed by your home loan and other debts. We want to make things go more smoothly for you and we want you to be able to secure a mortgage loan that best fits your…

How Does the Weather Affect Home Sales?

  Is it true? Could it be possible that bad weather can affect home sales in a negative way? The answer is… yes! The housing market gets a lot busier during the months of March through June. It is during these four months when more than half of the United States home sales take place. The housing market is getting a late start this year due to the severe weather most of the country is experiencing. The northeast region of the U.S. has endured cold and rigid temperatures. Those states have dealt with snow, rain, and sleet. The northwest region of the U.S. has endured temperatures of the low teens and twenties. Not many house shoppers want to drive in blizzards to look for a home. Before anyone can sell…

Homeowner Victims of Washington Mudslide Troubled By Their Mortgages

  As of the first day of April, the death toll from the Washington State mudslide has risen to about 29. A total of 29 people were found dead in the massive debris that was left. This catastrophe took a hold of thousands of people. Unfortunately, the homeowners who fell victim to this mudslide lost their homes. The victims in the city of Oso, WA will still continue to owe payments on their home loans. Washington’s Department of Financial Institutions says that mortgages are legally binding contracts, even if the homes are destroyed and out of existence. Not all of the banks in Washington are remaining silent. CEO of Coastal Community Bank, Eric Sprink, has branches in Darrington and Arlington and he says that his bank will be willing to…

How to Get a Home Loan in Davie

  It may be very difficult to find a trustworthy and reliable mortgage company in Davie. Life can be expensive. Mortgage rates are in a roller coaster mode. Credit card debt is increasing for Americans. College tuition is continuing to rise. Don’t feel overwhelmed; there is great news. There is a mortgage loan company that puts their clients’ needs on top of their priority lists. Ace Mortgage Loan Corporation is a mortgage lender located in Coral Springs, FL. We serve both Broward and Palm Beach County. We help those living in Davie that are struggling with their home loans. We believe that just because you have had a troubling past financially-speaking doesn’t mean that you shouldn’t be able to secure a mortgage loan in Davie. The mortgage professionals of Ace…

7 Top Reasons to Refinance a Home

  Refinancing is the process of applying for a loan again. Refinancing offers homeowners the option of either reducing their monthly payments or paying less interest over the course of a loan. Mortgage lenders must get new home appraisals for refinance transactions. They will also need to obtain verifications of the homeowner’s employment, total family income, and existing debts. So here are the top 7 Reasons you might consider refinancing a mortgage: To obtain a lower mortgage rate – The Bureau of Economic Analysis reported an average interest rate on an outstanding mortgage to be 5.098% in the first few months of 2012. To convert an Adjustable-rate mortgage into a Fixed-rate loan – Homeowners who are worried about inflation and have an Adjustable-rate Mortgage (ARM) refinance their home to get…

Helping the Tri-County Area One Mortgage at a Time

  Do you live in Boca Raton, Delray Beach, Pompano Beach, or Coral Springs and are you in search of a transparent and trusting mortgage company to help you get a home mortgage?  Look no more. Ace Mortgage Loan Corporation is a mortgage company that helps with mortgages, home financing, FHA loans, HARP loans, and other kinds of loans. If you live in Plantation, Coconut Creek, Davie or Coral Springs, don’t get stressed out. Ace Mortgage Loan Corporation’s mortgage services are available to those cities as well. Not all mortgage companies are the same. Since 1996, Ace Mortgage Loan Corporation has provided mortgage advice and helped people get the assistance they need to obtain home mortgage loans. Our mortgage brokers put our clients’ needs first. They thoroughly explain each kind…

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