Month: September 25, 2014

30-Year Mortgage Rate Stays Put for Boca Raton, FL Home Buyers

  For the past week, the average U.S. 30-year mortgage rate has remained the same for Boca Raton, FL home buyers. This is a rare and good thing because the mortgage rates are known for changing over and over again every single day. It has remained at 4.10% for the third straight week. On the other hand, the same cannot be said about the 15-year mortgage. Freddie Mac said that the average U.S. mortgage rate went down from 3.25 to 3.24. The 15-year mortgage is a popular choice for those in Boca Raton, FL who wish to refinance their homes. The 30-year mortgage rate is much lower than the 4.53 that it was at the start of the 2014 year. The mortgage rates have dipped lower even though the Federal…

Are You Interested in Getting A Mortgage Loan in Boca Raton, FL?

  A mortgage broker in Boca Raton, FL can be a valuable asset when it comes to obtaining financing for a new home. Getting pre-approval for a mortgage loan is important for homebuyers and a mortgage broker is well equipped to make that happen. Lending companies are no longer giving away home loans to people who can't afford to pay them back, so it’s crucial to have a loan secured and ready to go before beginning to look for house in Boca Raton that you can afford. Once you have a home loan that is pre-approved, then you can begin to shop around. Some prefer to do this on their own, but the truth is that working with a realtor can really simplify the overall process. Rather than having to do…

Testimonials Speak Volumes About a Mortgage Company in South Florida

  The saying of “Actions speak louder than words” is usually referred to someone who keeps boasting about his or her own skills or talents. That saying doesn’t apply to the mortgage lender known as Ace Mortgage Loan Corporation. The reason why it doesn’t apply to Ace Mortgage Loan Corporation is because Ace Mortgage is a mortgage company that relies heavily on its testimonials to speak for its quality mortgage services. There are over 20 testimonials on Ace Mortgage Loan Corporation’s website from customers all over South Florida. Ace Mortgage Loan Corporation has customers Boca Raton, Coral Springs, Delray Beach, Plantation, Davie, Coconut Creek, and Pompano Beach. Some of their customers were kind enough to share their positive feedback on their experience of working with Ace Mortgage Loan Corporation. Many…

The Average U.S. 30-Year Mortgage Rate Remains the Same for Boca Raton, FL Home Buyers

  For the past week, the average U.S. 30-year mortgage rate has remained the same for Boca Raton, FL home buyers. This is a rare and good thing because the mortgage rates are known for changing over and over again every single day. It has remained at 4.10% for the third straight week. On the other hand, the same cannot be said about the 15-year mortgage. Freddie Mac said that the average U.S. mortgage rate went down from 3.25 to 3.24. The 15-year mortgage is a popular choice for those in Boca Raton, FL who wish to refinance their homes. The 30-year mortgage rate is much lower than the 4.53 that it was at the start of the 2014 year. The mortgage rates have dipped lower even though the Federal…

Are You Interested in Getting A Mortgage Loan in Boca Raton, FL?

  A mortgage broker in Boca Raton, FL can be a valuable asset when it comes to obtaining financing for a new home. Getting pre-approval for a mortgage loan is important for homebuyers and a mortgage broker is well equipped to make that happen. Lending companies are no longer giving away home loans to people who can't afford to pay them back, so it’s crucial to have a loan secured and ready to go before beginning to look for house in Boca Raton that you can afford. Once you have a home loan that is pre-approved, then you can begin to shop around. Some prefer to do this on their own, but the truth is that working with a realtor can really simplify the overall process. Rather than having to do…

The Four Most Common Loans in Boca Raton You Should Know

  There are many various mortgage loan options home buyers can choose from. Some of the loans include Jumbo mortgage financing, FHA mortgage loans, reverse mortgage senior loans, 203k rehab loans, VA mortgage loans, USDA mortgage loans, and HARP refinance loans. With all of these opportunities to find a mortgage that is just right for home buyers, it is essential to have a mortgage company that can help you along the way. The process of applying for a home loan can be difficult if done alone. A mortgage lender like Ace Mortgage Loan Corporation can assist you and make the process more enjoyable and less stressful. Boca Raton, FL residents and even visitors who are interested in getting a mortgage loan should know about the four most common loans. The…

The Relationship between Loans in Boca Raton & Credit Scores

  First-time home buyers should know how crucial credit scores are when it comes to trying to obtain a home loan. Credit is probably one of the most vital components in the mortgage loan approval process. Mortgage lenders like Ace Mortgage Loan Corporation looks at a borrower’s credit score, number of open accounts, payment history, type of credit borrowed, and other factors. What some borrower’s don’t know is that their credit score can be slightly affected when it comes to down payment requirements, loan programs, interest rates, and flexibility on income. According to Credit.about.com, a credit score is a numerical summary of the information contained in one’s credit report. The credit scores typically range from 300 to 850. The higher the credit score, the better it is to get a…

Know Your Boca Raton Mortgage Basics

  Mortgage. You hear this word a lot at banks and credit unions. It is a word that is closely related to the topic known as the housing market. In layman’s terms, mortgage can be defined as a home loan that is secured by real property. It is paid in installments over a certain amount of time. The mortgage that is agreed upon between the borrower and the mortgage lender is a legal pact. It secures the borrower’s promise to repay the money that is borrowed with interest. First off, it is important to know that in order to qualify for a mortgage loan, the borrower must meet all of the pre-determined set of guidelines that is established by a lender. The mortgage lender must get their credit history, income…

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