Coconut Creek

Understanding the Real Cost of a Mortgage in Coral Springs, FL

  Buying a home is a very important part in anyone’s life. When you decide that it is time to buy a home, it is usually when you know you can afford it. Even if you have the cash aside to buy the home, considering a mortgage loan is not a bad idea. But what is the real cost of a mortgage in Coral Springs? Any and every mortgage is composed of four main elements: Principal – This is the amount you borrow and it needs to be repaid over time. Interest – This is the cost that mortgage lenders charge you for the use of their money during your repayment plan. Taxes – This is the amount of money the local governments collect on property to pay for local…

Buying a House is Possible for First-time Homebuyers in Pompano Beach

The housing market is up and down and up again. It is constantly changing. However, it is still possible for first-time homebuyers to buy a house in Pompano Beach, FL. Here are 7 steps first-time homebuyers should discuss before they go ahead with any further home shopping. 1.       Check the selling prices for all the homes in your area. Compare them. It might be a good idea to search all the actual listings in your area using reliable organizations such as the National Association of Realtors.  2.       Use a mortgage calculator. This specialty calculator will give you an idea if what your monthly mortgage payments would be if you bought a house today. These calculators are available on different loan corporation websites and financial sites. 3.       Figure out what your…

Top 10 Beach Towns to Buy a Home In

  Millions of Americans are striving towards the dream of one day owning their own home. Homeownership is something that everyone wants, but owning a home near a beach is the fantasy that some can’t see as ever being possible. The calming sound of the ocean waves and the beautiful sunrise over the horizon are irresistible. There are just three states where the best beach housing markets are obtainable. They include Florida, California, and Hawaii. Here are the Top 10 beach towns in America, according to a recent study done by RealtyTract. The data analysis was based on four criteria that included: percent of sunny days, the average daily temperature, percent of good air quality, and its crime rates. All of these beach towns housing markets were sorted by median…

A Mortgage Company You Can Trust in Plantation

  There are many mortgage companies in Plantation, but there is only one mortgage company that is reliable and filled with people who care about their clients. Ace Mortgage Loan Corporation is a mortgage company in Coral Springs, FL that puts its clients’ needs as a very high priority. We help those living in Plantation who are struggling with their home loans. We acknowledge that you may be pre-occupied with other events and things that are going on in your life. We believe that your busy life should not be so stressful that you are feeling consumed by your home loan and other debts. We want to make things go more smoothly for you and we want you to be able to secure a mortgage loan that best fits your…

New Mortgage Lending Rules in 2014 Protect Borrowers

Purchasing a house in Plantation, FL can be a complicated experience, especially if you’re a first-time homebuyer. It’s important to stay informed on the latest trends in the housing market. The calendar year isn’t the only thing that has changed.  New mortgage rules issued by the Consumer Financial Protection Bureau have already taken effect. Many people are worried these new standards will make home shopping more challenging. But that may not necessarily be the case. The goal is to make sure the borrower can repay their mortgages. The housing recession sometimes brought out the worst in people. Many companies abused the lending system and often used predatory and risky home lending practices. Fortunately, most of these activities have been eradicated from the housing market.  While the new rules issued by…

Secure a Mortgage Loan in Boca Raton

  When it comes to finding a place to live in South Florida, many people are quick to check out popular vacation destinations like Miami or Key West. However, South Florida is a large place with plenty of homes to choose from. Many people are opting for places like Boca Raton which offer all the beauty of South Florida without all the commotion of Miami. Many people choose Boca Raton as a retirement destination because of the unique location and laid back atmosphere. Those who are looking for a new home loan in Boca Raton should find an excellent mortgage broker like at Ace Mortgage Loan Corporation. What do Donald Trump, Pete Rose, Jon Bon Jovi and Marilyn Manson have in common? They have all owned a home in Boca…

Your Credit Rating Can Affect Your Home Loan

Obtaining a mortgage loan in Broward County can be difficult if you don’t have a good credit score. But it isn’t impossible. Many Broward residents from Coral Springs to Hollywood have beaten the odds and have achieved the American Dream despite a spotty credit report.  If your credit score is lower than average, a highly-skilled mortgage lender can help potential Broward home buyers and refinance clients get the mortgage approval they need. Even if your credit score isn’t what it should be, there is hope. A knowledgeable mortgage lender understands exactly what an underwriter needs and can assemble a complete loan package.  A bad credit score can result from a variety of issues. The loss of a job or health problems can severely put a dent into your personal finances,…

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