Mortgages

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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…
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The 3 Hottest Places to Buy a Home Now

Spring has traditionally been the most popular time to buy and sell real estate. While investing in the big cities like New York City, San Francisco, and Washington, D.C. may be getting a little over heated, there are still some good opportunities out there if you where to look. The three hottest places to buy a home right now are: Dallas/Fort Worth, TX Dallas, TX is undiscovered in this market.  In the Dallas/Fort Worth are, there is a significant number of properties that are “underwater,” meaning the homeowners owe the bank more money than what the home is actually worth. Shari Olefson, Real estate expert and author, said, “In markets like Dallas and Fort Worth, you still have anywhere between 20% and 40% of homeowners with a mortgage that are…
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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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Tips on Securing a Mortgage Loan

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Adjustable Rate Mortgages in Coral Springs Are a Popular Option

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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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Government Mortgage Companies Raising Fees Again

The two largest government-sponsored mortgage enterprises, Fannie Mae and Freddie Mac, are once more raising the fees they place on mortgage lenders in order to persuade private firms to enter back into the market. An increase in fees means that mortgages from Freddie Mac and Fannie Mae are more expensive. This makes room in the market for private firms who can compete by offering mortgages with lower fees. The overall goal of the move is to lessen Fannie Mae and Freddie Mac’s influence on the market so they require less taxpayer money to operate. The two companies have received more than $187 billion in aid from taxpayers since the housing market collapse in 2008. Raising the fees is nothing new as both principle and interest have doubled in the past…

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