Month: January 25, 2018

Trust the Best Mortgage Lender in Boca Raton

Buying a new home can be exciting, but it can also be expensive. Luckily, there are options for those who can’t afford to dish out hundreds of thousands of dollars all at once. One of the best options is finding a well-established and highly qualified mortgage lender who can truly help purchase the home of your dreams. First and foremost it’s important to know what a mortgage is. A mortgage loan in Boca Raton is  a payment over the course of approximately 30 years that helps homeowners pay off their home incrementally, as opposed to all at once. If a homeowner fails to make their payments, then the lenders end up taking the home, which is not ideal for the homeowners. Therefore, it’s important to purchase a home within your…

Is Mortgage Refinancing Right For Me?

Mortgage payments can get expensive, or the terms can simply seem to drag out. One of the most popular options for those who are looking to lower payments is refinancing. Refinancing is a way to help homeowners get a lower interest rate or switching mortgage terms. Essentially, when a buyer decides to trash their old mortgage, the lender then replaces their old mortgage with a new one. A few ways of doing this would be to either switch the number of years one will be paying on their mortgage, or to simply reduce their payments to make it more affordable. Refinance Your Mortgage Today! One downside to refinancing is that a homeowner will have to repay the closing costs, but if it’s worth it in the long run to refinance,…

Home Financing Options in Pompano Beach

Buying a home is a major life milestone, whether it’s your first home, or just another chapter in your life. However, not very many people have the ability to buy a home fully, and therefore home financing is a very large need in the United States. Thankfully there are many options, however the downside is that sometimes the possibilities can feel overwhelming. A mortgage payment isn’t something that is a one-time deal, so making sure that you understand your means enough to make the right financial decisions for your future payments is important. There are a few different types of loans that any homeowner can choose from, depending on the individual and their needs. Here are three that are the most common. FHA LOANS FHA, or Federal Housing Administration, is…

FHA Home Loans in Boca Raton

You’re buying a new home and you’re in need a mortgage lender. However, there are so many different mortgage lender options. How do you know which one to choose? One of the most popular options is called a FHA Home Loan. FHA stands for Federal Housing Administration. This is an agency run by the government, but unlike other government agencies, FHA funds itself without using American’s tax dollars. A good way to look at this loan is that it insures lenders in case the borrower (homeowner) can not longer pay their payments. There are multiple reasons why this option is widely used. Here are a few: LOWER DOWN PAYMENTS & LOWER CREDIT SCORE This is generally a great option for many homeowners because of the way the down payments are…

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