Month: August 31, 2014

Applying for a HARP Home Loan in Boca Raton, FL

  Ace Mortgage Loan Corporation is a mortgage company located in Coral Springs, FL. This is one of the most trust-worthy mortgage companies found in South Florida. Their home mortgage loan experts have the knowledge and skills necessary to assist home owners in Boca Raton, FL apply for a HARP home loan. They want their clients to gain understanding of what the HARP loan is and how it works. They want their clients to know what the qualifications are to be eligible for the HARP loan and what the steps are to refinancing a HARP loan. So let’s get started. HARP stands for the Home Affordable Refinance Program. The HARP is a federal program that was established in 2009 to help homeowners whose value of the home is less than…

Refinancing in Davie, FL with Ace Mortgage Loan Corporation

Many homeowners believe that the best time to refinance a home mortgage in Davie, FL is when there is a lower interest rate available. Refinancing to get a lower interest rate is not always the right decision to make. There is more to refinancing than that. There are four main reasons as to why homeowners decide to refinance their home loan: To get a lower interest rate. To move to fixed-rate loan from an adjustable-rate loan. To take out equity. Due to divorce. Don’t get caught up in finding the lower interest rate games. Each mortgage profile is different. One of the most shocking reasons that many homeowners refinance is their home is because they are going through a divorce. In lots of divorce settlements, it states either the house…

Homeowners in Pompano Beach Should Not Forget to Budget for PMI

  PMI stands for Private Mortgage Insurance. This kind of insurance protects lenders if their borrowers stops making their monthly payments on their home loans. Mortgage lenders must purchase PMI if their borrowers have a down payment that is less that 20% if the home’s sale price. PMI premiums are added to the borrowers’ monthly mortgage payments. It is not uncommon for homeowners to forget about the PMI. In fact, according to a survey by TD Bank, more than three in five people who bought a home in the past 10 years ended up with higher monthly mortgage payments then they expected because of PMI premiums. More homeowners in Pompano Beach, FL get PMI included in their monthly mortgage payments. About 37% of those who purchased a home in the…

Coconut Creek Renters Can Get a Mortgage Loan on a New House

  There are lots of people who are renting in the city of Coconut Creek, FL. There are people renting apartments and people renting houses. A recent study was conducted on how rent payments can be used to get a mortgage on a new house. Did you know that renters who want to become homeowners can improve their chances of obtaining a mortgage loan when their rent payments are reported to the credit bureaus? Yes, this is true. This recent study also showed that even renters with low credit scores may be able to get a home loan if their monthly payments are reported to the credit bureaus and they have been diligent in paying them. According to an analysis by TransUnion, about 8 in 10 consumers with subprime credit…

Delray Beach Residents Think Mortgage Servicers are Getting Better

  Homeowners in Delray Beach and other cities in South Florida as well as in the rest of the United States seem to be thinking that mortgage services are getting better. There is a growing number of homeowners who believe that the companies that are collecting mortgage payments are doing better as a whole. People are getting satisfied. That’s a relief. J.D. Power conducted a study in late July of this year and it measured consumer satisfaction with mortgage services. There were four factors that were closely researched: the billing and payment process, escrow account administration, website, and phone contact. On a 1,000 point-scale system, the overall consumer satisfaction was 754 in this year’s survey. That is impressive. It is better than last year’s overall score of just 733. The…

The Home Loans Ace Mortgage Can Offer You in Plantation

  Like any other mortgage company in South Florida, Ace Mortgage Loan Corporation is seeking to offer Plantation residents home loans so that they may be able to buy new homes. Ace Mortgage Loan Corporation has a long history of being able to provide affordable loans at good prices. Their skilled mortgage loan brokers make it a priority to set an established relationship with their clients. They inform them at the very beginning that a loan is a sum of money that is given to them to borrow with the intention of paying the loan back with interest. For a loan to work properly, both the borrower and the mortgage lender need to cooperate and work together. The borrower will be able to buy the home they want and the…

Tips for Mortgage Borrowers in Boca Raton, FL

  Time keeps moving forward no matter what happens in this world. Time never stops. Good news comes, and then bad news comes. Things happen all the time. The mortgage rates go up and then they dip down a little bit. We live in a world that keeps moving just like the time keeps moving. So that is why it is crucial for you to stay on top of your game and keep up with your finances, especially if you are a homeowner with a mortgage or a first-time home owner looking to get a mortgage loan. Here are some tips for mortgage borrowers in Boca Raton. They will definitely help you with your mortgage decisions for the remainder of the year. Document all of your finances. Keep a well-kept…

Understanding the Real Cost of a Mortgage in Coral Springs, FL

  Buying a home is a very important part in anyone’s life. When you decide that it is time to buy a home, it is usually when you know you can afford it. Even if you have the cash aside to buy the home, considering a mortgage loan is not a bad idea. But what is the real cost of a mortgage in Coral Springs? Any and every mortgage is composed of four main elements: Principal – This is the amount you borrow and it needs to be repaid over time. Interest – This is the cost that mortgage lenders charge you for the use of their money during your repayment plan. Taxes – This is the amount of money the local governments collect on property to pay for local…

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