mortgage broker

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…

Good News for Mortgages in Boca Raton

The mortgage market, also known as the housing market is getting better. There have been some improvements in the number of applications for home loans. This is great news. This means that there is still hope for homeowners and first-time buyers. There is light coming from the end of the tunnel. For months, homeowners have seen the housing prices get higher and higher. Nonetheless, it seems that the page is finally turning for the better. According to the Mortgage Bankers Association, for the week that ended May 2, the amount of applications for home loans increased 5.3% on a seasonally adjusted basis compared to the week before that. There was a 6% index gain on an unadjusted basis. Things are looking better for the mortgage market. More people are refinancing…

Mortgage Payments in Coral Springs Are Cheaper than Rent

  It is thought by many that renting a home is a lot better than buying a home. People think that it is feasible to rent then to buy. They think that they will be saving money. However, a recent report has shown that buying a home may be cheaper than renting. Kelly and John Foley moved to South Florida from Michigan. They started out by renting a two-bedroom house in Oakland Park for $1,650 a month. Later on, in March, they paid $190,000 for a three-bedroom house with a pool in Delray Beach. The new house is bigger than the place they were renting and they had a cheaper mortgage of which they paid only $1,430 a month. Kelly Foley is so happy with her decision of buying a…

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…

What are VA Home Loans?

  The word “veteran” refers to someone who has served in the armed forces. Included in the group known as veterans are those individuals who have served in the Army, Navy, Marine Corps, Air Force, and Coast Guard. Veterans do a lot for our country.  They fight for our country in war. They are trained and prepared. In 1865, President Lincoln stood on the Capitol and addressed the nation on the results of the Civil War. He made a promise to the nation’s veterans. He promised “To care for him who shall have borne the battle, and for his widow, and his orphan.” In laments terms, President Lincoln vowed to serve and honor the men and women who served America. He boldly stated to everyone in the United States that…

Wells Fargo & Co Cuts More Jobs

  Since last year, Wells Fargo & Co has been treating workers like disposable paper towels. They have cut 7,000 jobs, including another 700 just last week, from their home loan division, that’s a cut of nearly 12%.  This is bad news for the country’s largest residential loan company. The trend of large mortgage lending companies cleaning house is nothing new as many companies have been doing it for a while now. When the mortgage crisis first hit a few years ago, large banks hired tons of workers to help with the rash of foreclosures. Now that the number of foreclosures is down dramatically and the housing market is getting back to normal, banks have no need for all the extra workers. This is a good sign for those looking…

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…

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