There are many milestones in your life like getting married and having a child, and buying a home is right up there at the top of the list. After all, you’ve worked hard for your money and now it’s time to buy into the American Dream with home ownership! But how can you make sure you make the right decisions for you and your family? Well, it doesn’t have to be a stressful experience! Purchasing a home is no doubt one of the largest acquisitions you’ll make in your lifetime. So, since you may be paying your home off for the next 20 or 30 years, you want to make sure that you have all of the latest home loan information and to know what your options are going forward. At Ace Mortgage Loan Corp., we have a professional experienced team of home loan specialists to help you make all of the right decisions from your down payment and credit card health to proving your assets and income. We can also help you with tips for improving your credit score, reporting your income, and any other factor that goes into deciding what home loan may be best for you.
What are Some of the Home Loans Available to Me?
Fixed Rate – This rate does not fluctuate for the life of the loan. This is often considered the safest low risk loan to take for most people since the rate does not change. Terms can be 15, 20 or 30 years.
Adjustable Rate – This rate will usually fluctuate according to the market but there are generally conditions and caps that determine the amount of years, how high it can go, etc.
FHA (Federal Housing Administration Loan)- these loans allow you to buy with as little as 3.5 percent down. Private lenders like banks and credit unions issue the loans, and the FHA provides backing.
VA – VA home loans are made by private lenders, such as banks, savings and loans, or mortgage companies to help eligible veterans realize their dream of home ownership.
Fannie Mae (Federal National Mortgage Association), – this is a government sponsored loan with certain requirements for eligibility.
HARP – (The Home Affordable Refinance Program) – this a special type of government loan program to help homeowners refinance their homes at a more affordable rate.
Reach Out to an Experienced Home Loan Company in Delray Beach
Whatever home loan may suit you, our team at Ace Mortgage Loan Corp. will help you find the perfect home loan to make the purchase of your new home a breeze. There are so many factors that play a part in choosing what type of mortgage is best for you and your family. At Ace Mortgage Loan Corp., we know the decision isn’t easy and sometimes the terminology can be complicated. We will sit down with you and help explain the differences and also suggest what we think will be best for you in your financial state. If you’ve fallen in love with a home in Delray Beach, don’t risk losing it all l by selecting an interest rate and loan that just doesn’t work for you. Contact our team at Ace Mortgage Loan Corp today at (954) 777-4774 for the best home loan service and rates available.