Finding a Mortgage Lender in Boca Raton Doesn’t Have to Be Hard
Plenty of people in Boca Raton, FL are running around trying to find the most reliable mortgage lender in town. Rather than let some inexperienced mortgage pop up shop take care of your home loan in Boca Raton, leave it up to the experts at Ace Mortgage Loan Corporation. When it comes to getting a home mortgage in Boca Raton, Ace has the knowledge and expertise to help anyone, even first time home buyers. The thought of buying your first house can be intimidating for some, but when you have a professional and reliable mortgage broker in Boca Raton working for you, getting a home mortgage is as easy as 1, 2, 3! Boca Raton is a hot place in the home mortgage industry these days as there are…
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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…
2 More Mortgage Options that Require Zero to $100 Down
Continuing our discussion of mortgages in Boca Raton which do not require a down payment, here are the rest! There are two more mortgage options that home buyers can apply to that require zero to $100 down payment. Here they are. Please take note that this list will continue from the previous list shown in the blog before this one. Option #3: Zero-Down VA Home Loan Program The FHA is not the only government agency offering home buyers low down payments. The U.S. Department of Veteran Affairs has a VA loan for those who are members of the military. This is great! VA loans are specifically for veterans, both active duty military and the surviving spouses of the military members who passed away as a result of their service to…
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…
The Mortgage Market Improves
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…
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…