Month: November 30, 2014

How to Build Good Credit in Order to Obtain Your First Mortgage in Pompano Beach

  When it comes to purchasing a home, it is important to establish good credit. While it is possible to obtain FHA loans in Pompano Beach without any credit, the home buying process itself will be much easier if you have already established yourself to have good credit. Credit cards and bank loans are generally the only things that show up on your credit report, so even if you have been paying rent and utility bills, these will not help to establish your credit. If you currently have no credit, there are ways that you can begin building it up, but you need to make sure that you are building credit wisely and that you are not hurting your credit score instead of helping it. Opening a credit card is…

With So Many Home Loans in Pompano Beach, Which One is Right for You?

  When shopping for a new home in Pompano Beach, there are several things that should be on your mind. The number of bedrooms, overall location, and condition of the yard are all very important, but the most important factor that you should be concerned with is how you are going to pay for your new home. There are several different home loans in Pompano Beach that are available, and it makes sense to do some research before you decide which loan is right for you. Mortgage loans are not one-size-fits-all, so the one that you choose should be based on your individual situation, not what your friends chose or what your uncle thinks is the best deal. An experienced mortgage lender in Pompano Beach can discuss your options with…

Are You Prequalified or Preapproved for a Mortgage in Pompano Beach? What is the Difference?

  Whether you are a first time homebuyer, looking to purchase your second or third home, or are looking into investment properties, the first step that you need to take is to get preapproved for a mortgage loan. It is important not to confuse a preapproval for a loan with a prequalification. Many homebuyers become prequalified and think that they are all set. While this is the first step, there is still more paperwork to do. These two terms sound very similar, but each one can affect your home shopping and purchasing experience quite differently. A prequalification is the first step toward obtaining a mortgage, and it will give you a basic idea of what type of loan you will qualify for. A preapproval will give you a more accurate…

Should You Close Your Pompano Beach Mortgage before the End of Year?

With holiday season in full swing and the New Year quickly approaching, many people falsely think that it is too late for them to obtain a new home loan in Pompano Beach. While this time of year can be hectic and fast-paced without closing on a mortgage, there is no reason to think that you are too busy to obtain a mortgage loan. We can work with you to make the process as easy and hassle-free as possible for you. There are also several other advantages that you can benefit from when you close on your Pompano Beach mortgage before the year is over. One of the largest benefits to closing on your mortgage before the end of the year is also one of the most obvious. Closing before year’s…

How is Mortgage Pricing Set in Pompano Beach, FL?

  The process can seem complicated and at times overwhelming. But securing a mortgage loan in Pompano Beach is the first step towards accomplishing one of the biggest goals in your life. But what really goes into setting a mortgage price? Many home buyers discover surprise costs and hidden fees. Fortunately, a reputable mortgage lender in Pompano Beach can take the mystery out of mortgage costs. When it comes to mortgage loans, there are five major costs which are itemized on your Good Faith Estimate (GFE). The actually cost of a home loan is separated into two groups. The first are items controlled by the mortgage lender. The other is third party items. All of these items will be totaled during the time of the closing of the loan. Every…

Have you Looked at Your Pompano Beach Mortgage Lately?

  Nestled in between the natural beauty of Boca Raton and the bustling tourist destination of Fort Lauderdale, Pompano Beach, FL is a wonderful place to call home. Since it was first incorporated in 1908, the city of Pompano Beach has been a hot bed of South Florida real estate thanks to its close proximity to just about everything. It also has a few claims to fame, like being the home of the famed Goodyear Blimp. Many people flock to South Florida in the winter time because of the warm weather and sunny beaches and some choose to purchase a home and move to Florida full time. Choosing Pompano Beach as your new home is great so long as you can secure a mortgage loan. When you work with a…

A Mortgage Lender in Pompano Beach Can Help During Difficult Times

The holidays are approaching quickly. But it can also be a difficult time for many homeowners, especially those who have recently experienced a serious financial setback. The loss of a job, a divorce or mounting medical bills has many people in Pompano Beach struggling to make their mortgage payments. Others may have little or no equity on their home and need to refinance for a lower rate. The situation can seem dire. But there are options. One of the best things to do is to reach out to your mortgage lender in Pompano Beach for a solution to your problem. The experts at Ace Mortgage can evaluate your personal situation to provide a variety of solutions including: Refinance Forbearance Reinstatement Repayment Plan Modifications One of the best options a mortgage…

Is it time to Refinance Your Pompano Beach Mortgage?

  It’s the holiday season once again and that means everyone has a lot on their plate both literally and figuratively! Rather than load up with another scoop of mashed potatoes, why not take on a project that can save you money on your mortgage payments every month? The beginning of November saw a decline in the average rates of fixed rate 30 year mortgages and that’s great news for homeowners looking for mortgage services in Pompano Beach. For the first time in over a year, the average interest rate dropped below 4% and that means it’s a great time to consider refinancing. If you secured a mortgage loan in Pompano Beach when the rates were above 4%, refinancing might be a good idea. Only Ace Mortgage Loan Corp. can…

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