Unless you’re fabulously wealthy, buying a home means first securing a mortgage loan. For most people, this the biggest debt they will ever have because homes are not cheap. A mortgage is a way for a homeowner to pay for the home over a period of time, generally 30 years, rather than having to come up with hundreds of thousands of dollars right away. The home is a form of collateral; should you not make the payments, the lending company takes the home. There are several terms to know when it comes to mortgage loans: Principle: The amount of money you borrowed to buy the home. Interest: What the lending company charges for a loan. Interest rates fluctuate depending on the situation. Amortization: The process of paying off principal and interest over a long period of time. Lenders are often wary of borrowers who give less than 20% of the home’s value in a down payment and can add additional premiums which must be paid on top of principle and interest. This protects the lender should a borrower default on their mortgage. The government plays a large role in the home loan industry in a regulatory capacity through legislation aimed to protect lenders and borrowers. Ace Mortgage Loan Corporation provides quality mortgage services to the people of Broward and Palm Beach Counties. Those looking to buy a home in South Florida should secure a loan from a trusted lender like Ace Mortgage Loan Corporation. Are you ready to lock down your ideal mortgage? Ace Mortgage Loan Corporation provides quality mortgage services to the people of Broward and Palm Beach Counties. Call us today at (954) 777-4774 to get started! (954) 777-4774 Mortgage Loans for Coral Springs FL & Surrounding Areas One of the challenges most buyers face is finding the right mortgage. You have so many companies out there and each one is different. The paperwork is written so that everything is in fine print and you don’t fully understand what you are signing. The effects are that you could get a mortgage that sounds good but costs you more. The best companies that do mortgage services in Coral Springs make sure to get everything right. You work with a dedicated professional that goes over your situation and we shop around for different mortgages. Our job is to get you a great mortgage that you can afford. We put your interests first to help you get that perfect mortgage. Here are some of the ways that we help you to get the financing you need. Ace Mortgage gives you a range of mortgage services. This means that regardless of your situation we can find a mortgage and lender that will meet your needs. Some of the different mortgage services we offer include: Refinancing Purchases Cashouts Commercial 96.5 Assistance Seller and lender concessions to help with closing costs Our goal is to give you a range of services and customize them to meet your needs. We work with you every step of the way to find the best mortgage services that work for you. Contact us today at 954-945-7841 and see why we are the best place to go for all of your mortgage services in Coral Springs. Experience matters when it comes to mortgage services. Mortgages and all of the different services can be complex and you need someone on your side who knows what they are doing. This is when experience becomes important. You want to work with a mortgage company that has been around through different market conditions. They understand the business and what needs to be done to find you the perfect mortgage. At Ace Mortgage, we have been serving homeowners since 1996 and through every phase of the real estate markets cycles. Our team of professionals uses their experience and knowledge to help you to find the best mortgage services. We understand the complexities of the products and services to help you to find the right mortgage. Our team puts your interests first so you can relax and lets us find the perfect mortgage. We have five-star reviews for our knowledge, professionalism, friendliness, and experience.