Month: March 30, 2020

coronavirus

Should I Refinance My Home During COVID-19?

With the current coronavirus pandemic, many people are looking to refinance their mortgage as a response to the unstable market. Whether you've lost your job as a result of COVID-19, your income has changed, or you simply want to know if you can refinance, then look no further than Ace Mortgage Loan Corporation to assist you in making the right decisions for your future. Homeowners in Boca Raton can look to refinance their current loan with the help of the experts at Ace Mortgage Loan Corporation! To understand the options homeowners have, let us explain the three basic types of loans.   Conventional Loans The most known type of loan, conventional loans are popular because they are fixed-rate loans or loans that keep the same interest rate throughout the duration…
Loan Company Davie

Where to Get a Home Loan in Davie, FL

Buying a house after the Subprime Mortgage Crisis of 2008 was one of the hardest things to do because everyone had lost their confidence in the market. With the current Corona Virus pandemic, the market faces some uncertainty today. However, when the market is recovering, one of the upsides is that this is the best time to invest in a house. With house prices so low and the market looking to recover, this might be the ideal time to start your mortgage process. When you're ready to start the mortgage process, your first call should be Ace Mortgage Loan Corporation, so our professionally trained staff can adequately help you navigate the current mortgage market and help you purchase a home.   Home Mortgages To begin building confidence in investing in…
Loan Company Coral Springs

The Best Loan Company in Coral Springs

Whether you are starting a business, trying to make a large purchase, or even purchasing a home or office, you typically need a bank or financial institution to give you a loan. Although there may be a negative stigma surrounding loans, Ace Mortgage Loan Corporation has been serving the people of 20 years and has made the process safe, secure, and beneficial for all parties! The reason why loans sometimes get a bad rap is that people aren't educated on what a loan actually is.    To begin removing the negative stigma, we first need to define what a loan is. A loan is a sum of money given to a borrower with the intention of paying the loan back with interest. With a loan, the borrower has the money…
Home Mortgage Coral Springs, FL | Home Mortgage | Mortgage Loans

5 Things to Consider When Purchasing an Investment Property

With the direction the market is going, this may be the best time ever to invest in property.  However, purchasing an investment property can be a valuable and lucrative asset, especially in Boca Raton. When deciding whether or not this investment is right for you, there are some things one might want to consider first. Ace Mortgage Loan Corporation took the courtesy to put together a list of 5 things to consider when purchasing an investment property.   Secure the Down Payment The first step you need to do is secure the down payment. Without a down payment, you cannot own or use your investment property. Down payments normally range anywhere between 15% and 25%. Keep in mind you’ll also have higher loan costs and higher interest rates depending upon…
Home Mortgage Davie

How to Secure Your Mortgage During a Pandemic

The impact the coronavirus has had on the United States is astronomical. We are living in an unpredictable time, but it's something we will get through together. Ace Mortgage Loan Company believes that by following all CDC recommendations, we will find a way to eradicate the coronavirus. Almost every aspect of daily life has been adjusted in response to the coronavirus, expect for what to do if you were about to take out a mortgage or wanted to refinance your mortgage. Between unpredictable interest rates, canceled open houses, and being quarantined in your home, you probably haven't faced this type of situation before. You may decide to put off buying a home until the pandemic settles down. But if you want to continue with the process, Ace Mortgage Loan Company…
Home Loan Coral Springs, FL | Secure Loan | Home Loans

How to Select a Mortgage Lender in Pompano Beach

Pompano Beach is home to some of the most beautiful houses not only in Florida but in the entire country. If you've found one of these gorgeous houses to be your dream, we at Ace Mortgage Loan Corporation want to congratulate and welcome you to South Florida! We want as many people to enjoy the amazing state of Florida, which is why Ace Mortgage Loan Corporation works to give people the money they need to for a mortgage loan. If you are considering buying a house in Pompano Beach, then you first must consider which mortgage lender is best for you. At Ace Mortgage Loan Corporation, we have taken the liberty to write about how to select a mortgage lender that fits your needs. Update Your Financial Portfolio When you…
Mortgage Company Pompano Beach, FL | Home Mortgage Company

…You Thought the Line at Costco was Long

Have you ever been in the back of the line, whether it’s your favorite Big Box Store, the bank, or even at your favorite Disney World ride, and think “Man, what are they giving away up there?” Today, they are giving away money. With the panic gripping each aspect of the market over Coronavirus, Central Banks around the world have capitulated, meaning, in panic, they are trying to get ahead of something they don’t know, or find a bottom to something that seems, bottomless. The driver of mortgage rates in the united states, is the Ten Year Treasury. This index is literally at historic lows, like real historic, as in never before has been this low. This index is literally how the world takes its temperature. As this index falls,…
coronavirus

Coronavirus and My Mortgage, Really?

How would the recent panic over the Coronavirus affect my mortgage? Two things that you may never felt like they would be on the same plane. Let’s take a look. The Coronavirus effect is spreading even faster and wider than the actual virus itself. Literally whole cities have been locked down, under quarantine. It just so happens one of those cities (Wuhan), which is the epicenter of this dreaded virus, is also a worldwide economic hub of manufacturing. To firms such as Apple (among others), a shutdown in the product chain means lower corporate earnings, which in turn weigh on stocks, and your retirements funds. OK...simple enough, as this too shall pass….. Only it doesn’t simply pass, it actually gets worse. The virus itself spreads, and the deaths rise, causing…

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