Determining whether or not you are ready for homeownership is a big decision to make and requires a lot of introspection. It might feel as if you are ready, but the last thing you want to do is jump into a mortgage you can't manage. On the other hand, you also don't want to continue to rent if you can handle a mortgage and have a goal of becoming a homeowner. Luckily, the team at Ace Mortgage Loan Corp. is here to help you navigate the fine line of being ready for a home mortgage in Pompano Beach.   Here are our three signs that you should buy a home and three indicators that you should not buy a home, at least for right now. However, to get an expert…

For most Americans, their home is their largest investment. As a result, it requires some savings to make a sizeable down payment. In addition to the down payment, there are other financial considerations, such as the cost of property taxes and maintenance/repairs. Because of all these expenses, it may take several years to have enough saved to buy your first home. Our team has offered mortgage services in Pompano Beach for years. We know how stressful it can be to save up for a new home, so in order to speed up the saving process, we’ve put together these tips you can start implementing today. Save 20% of Your Income If you put aside 20% of your monthly income, it can get you much closer to buying a home. This…

Anytime you are buying a home, you will need some form of financing to make the purchase. The majority of transactions use various financing options in completing the sale of the property. Last month, just 3% of all transactions were closed using cash transactions for all home sales in Coral Springs.  The key to buying a home successfully requires knowing which home mortgage in Coral Springs works best for you.  The low interest rates make things attractive and you don’t want to get caught in the trap of buying a home with a mortgage you don’t know much about.    During the Financial Crisis, homebuyers purchased when interest rates were low and did not realize that increases could lead to higher mortgage payments.    Knowing about the various mortgages makes…