March 6, 2018 0likes 525 views Buying a home is both exciting and daunting. Most people cannot afford to buy their homes outright, and therefore need to be given loans to financially pay off the debt. Though this may seem like a long, lifetime commitment, millions of Americans are paying off their debts as we speak. If this is your first time home buying, don’t be discouraged. There are plenty of home loans out there to assist you in paying for your beautiful, new house. At Ace Mortgage Loan Company, we know that each individual is different, especially in terms of finances and needs. With multiple home loans available, there certainly are options for everyone. FHA LOANS The government, and the Federal Housing Association insure these loans. Generally a wonderful choice for first time homebuyers, these loans offer lower down payments. They also offer lower credit score thresholds, giving more individuals a chance to purchase the home of their dreams. VA LOANS Specifically created for veterans, these loans are also insured by the government. As a veteran, many things are complicated post war. Therefore, these loans offer veterans the chance to buy a house without paying a down payment at all. These loans are difficult to obtain, simply because there is a multitude of information, paperwork, and documentation that needs to be obtained. FIXED RATE LOANS For those who enjoy routine, fixed rate loans may be the right answer. These loans have a fixed interest rate that lasts throughout the entire loan period. This is wonderful for families who know how much to set aside each month, giving them the peace they need to know that their future finances are steady, and foreseen. ONE- YEAR ADJUSTABLE RATE For those who wish to pay less interest rate than the fixed rate loan offers, this is a great option. The first year is predictable, however, after the first year the payments may vary in costs. This can be stressful on some, as they would like to efficiently plan ahead. However, others enjoy the lower interest rates, and don’t mind the wavering payments. If you’re looking for the best options for a home loan in Delray Beach, call Ace Mortgage Loan Company. We’ve been in business since 1996, making us one of the longest standing lending companies in all of South Florida. With customer service, staff knowledge, and professionalism, we’re a team you can trust. Don’t put your home loan into just anybody’s hands, instead, pick the experts.