The Federal Deposit Insurance Corporation, or FDIC, is a government agency established in 1933. It offers insurance for depositors in member banks up to $250,000. Just recently, the FDIC will propose a strategy which will require big banks to have common equity equal to at least 5% of their assets. This strategy is much stricter than international banking regulations. The measure is aimed at preventing another financial collapse like in 2008. It ensures that banks have enough capital on hand to counter a downturn in the market.
More stability when it comes to banks will only help to bolster the housing market since big banks are some of the largest mortgage lenders in Pompano Beach. Those looking for a home financing in Pompano Beach should consider a mortgage company like Ace Mortgage Loan Corporation. With years of experience helping the people of South Florida find a home, Ace Mortgage Loan Corporation is dedicated to finding the perfect mortgage loan for each unique situation.
If you’re in the market for a home loan in Pompano Beach, then look no further than the professional mortgage officers at Ace Mortgage Loan Corporation. Mortgage brokers are standing by to help guide you through every step of the process in order to get you into your dream house as quickly and easily as possible.
Ace Mortgage Loan Corporation specializes in:
- FHA & Harp loans
- Fixed-rate mortgages
- Adjustable-rate mortgages
- Reverse mortgages
- VA home loans
- Balloon mortgages