mortgage coral springs

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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…
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U.S. Mortgage Rates Rise Again

  Freddie Mac announced on Thursday, April 3, 2014 that the average 30-year fixed rate loan went up from 4.40% to 4.41%. The average 15-year mortgage rate increased also from 3.42% to 3.47%. Despite the recent mortgage increase, the rates have remained at historically low levels. How exactly is the average mortgage rate calculated? Freddie Mac surveys lenders all across the nation between Mondays and Wednesdays of each week. When the average is calculated, the extra fees, also known as points, are not included. Borrowers pay for points to help them get the lowest rates. One point is equivalent to 1% of the loan. As the mortgage rates increased, so did the average fees. The 30-year mortgage fee rose from 0.6 points to 0.7 points. The 15-year loan fee stayed…
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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…
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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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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…
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