loans coral springs fl

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Home Buying Slows This Week

As was expected with the recent increase in mortgage rates, home buying has slowed 3% from last week according to the Mortgage Bankers Association. Those looking to refinance their mortgage also fell 3% from last week’s numbers. Despite the decrease in home buying, the housing market is still seen as in recovery mode as the purchasing rate is much higher than it was last year at this time. The Florida housing market, which was one of the hardest hit during the financial crisis a few years ago, is recovering very well in fact. The home price index for Palm Beach, Broward and Miami-Dade are 13% higher than they were last year. It’s always a good thing for homeowners when their home value goes up. Higher home prices and rising interest…
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Check Out Our Latest Mortgage Loan Video!

  Ace Mortgage Loan Corporation is dedicated to helping our clients achieve their dream of home ownership. First time home buyers are obviously hesitant to jump right into the often confusing housing market, but thanks to the professional home loan experts at Ace Mortgage Loan Corporation, a first time home buyer has nothing to worry about. Here at Ace we go out of our way to ensure that our clients fully understand the details of their new mortgage so the isn't any room for confusion. We work closely with our clients throughout the process of obtaining a mortgage loan in South Florida. Ace Mortgage proudly serves the people of: Coral Springs Boca Raton Delray Beach Margate Pompano Beach Davie Coconut Creek Check out our latest video about mortgages and home…
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Mortgage Loan Refinancing May Be Winding Down

  The interest rate for 30-year fixed-rate mortgages has steadily rose over the past few weeks, reaching %4 for the first time in a year. As the rates continue to climb, many people are scrambling to refinance their mortgage before rates climb even higher. Since the subprime mortgage crisis is nearly over and the housing market is rebounding, it’s easier for people to refinance because their homes are worth more. Many are refinancing away from adjustable-rate mortgages and into fix-rate mortgages. People worrying about inflation is the most common reason for the switch. When it comes time to refinancing your mortgage in the greater Boca Raton area, your first stop should be the mortgage loan professionals at Ace Mortgage Loan Corporation. Refinancing a mortgage isn’t rocket science, but having the…
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Higher Interest Rates and Potential Homeowners

  With national mortgage rates reaching 4% recently, the refinancing boom of the past few years is about to be over. Big banks have done very well thanks to the huge number of people who refinanced their mortgage. Higher interest rates means less refinancing and the question is how will banks respond to the drop in revenue? Many banks opened up whole new offices to handle the number of refinancing mortgages, but those offices won’t have much to do with interest rates where they are. If rates remain at 4% and above, some banks may have to lay off the extra staff to save some money. Another interesting side effect of higher interest rates is that many lenders will open up to a wide base of potential homeowners. Approving mortgages…
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Watch Out For Mortgage Loan Scams

Those looking for a mortgage in Coral Springs, FL are interested in finding a responsible lender who isn’t trying to scam them out of their hard earned dollars. One of the biggest problems with the mortgage loan industry is that everything is pretty confusing for the average person. This opens the door for swindlers and all other manner of low-lives who actively scam people looking for mortgage loans. With foreclosure an all too common occurrence, it seems like these con artists are preying on those who are desperate to make their house payments. The Federal Trade Commission was established to help protect the American people from dishonest mortgage practices. Through the implementation of the Mortgage Assistance Relief Services (MARS) Rule in 2010, the FTC changed the way mortgage and foreclosure…
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Understanding the FHA in Coral Springs, FL

If you attended any sort of United States history class while in high school, then you’ve probably heard of the New Deal. A collection of executive orders enacted between 1933 and 1936, the New Deal was President Franklin Delano Roosevelt’s panacea for the Great Depression. The New Deal was known for creating many government programs and new agencies which are still in effect today. Social Security was one of the biggest programs along with the Federal Deposit Insurance Corporation (FDIC). One aspect of the New Deal which is often forgotten is that the National Housing Act of 1934 created a vital government agency still in effect today, the Federal Housing Administration. The purpose of the FHA was to insure loans given by banks and other lenders to homebuyers. It also…
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Prospective Homebuyers Guide to Purchasing in 2013

  Everybody needs a place to live, right? For those looking to make their first home purchase in Coral Springs, FL, there is a whole lot that needs to be considered before you even start looking for a home. Buying a home is without a doubt one of the most expensive investments a person can make. With homes costing considerably more than they did in the past, particularly in certain areas of the country, many people go to a mortgage lender like Ace Mortgage Loan Corp. right away for help with the whole process. For those looking to buy a house, here are a few tips to get you started in the right direction. The first thing to do is a complete analysis of your own personal finances. You’ll need…

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