refinance

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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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Purchase Coral Springs, FL: The World of Mortgage Loans

Alex Rodriguez is a well-known guy.  Playing for the New York Yankees baseball team will do that. Not only is he one of the best known players, but he’s also one of the richest. With an annual salary of $33 million plus numerous endorsements for high profile companies such as Nike and Gatorade, Alex can afford to live the life of leisure in South Florida during the offseason. Looking at all of his liquid assets including homes in Miami and New York, it’s estimated that Alex is worth nearly $300 million dollars. That’s a lot of scratch to manage on your own. No doubt he has a small army of financial assistants and a wealth management team at his disposal to ensure his money is going to the right places.…
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Mortgage in Coral Springs: Refinance even with bad credit.

Many Americans have a less than stellar credit history, but there’s no reason to let bad credit stop you from doing something as large as refinancing your mortgage. The world of mortgages and lending can be a confusing place where very little makes sense. For the average person it’s tough to know if you’re getting the wrong end of the stick so to speak. Don’t let refinancing be a giant headache. Here are a few tips on refinancing your mortgage even with a bad credit history. The very first thing you want to do is clean up your credit score as much as possible. This means avoiding making only the minimum payments on your debt, pay your bills on time, paying off your credit cards and of course limiting your…
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Refinancing Coral Springs, FL: Underwater on your Mortgage? Do Not risk Short Sale; Reaffirm your Finances with a FHA Streamline Refinancing

What does it mean to be underwater on your mortgage? Simply stated, if you owe, on your mortgage, more than your home is actually worth, then you are what is called “underwater.” Another name for this is negative equity. No matter what you call it, being underwater can be a seriously frustrating situation. What’s worse is that this is an all too common situation. Recent reports from CNN Money have held that one in five homeowners are underwater in their mortgages. The reason this can happen and has happened in the recent recession is that people have bought home in the early 200’s and over the past few years, their homes have depreciated in value to below what they owe. There are two main options for a homeowner in this…

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