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A Deep Dive into Escrows Accounts

If you’re just starting to learn about mortgages, you may have heard a term called “escrow” and been confused by what it means. Luckily, we’re here to help. An escrow account is a payment plan that sets aside each month the money that you’ll need at the end of the year for property taxes and home insurance. An escrow account essentially increases your monthly home payments. So, you may be thinking– why would this be helpful for homeowners? Here are a couple reasons why: Draft a better budget An escrow allows you to better gauge all the exp...

November 24th, 2015 A Deep Dive into Escrows Accounts

Guide to Using the VA Loan to Score a No-Down-Payment Home

If you’re currently serving or have served in the U.S. military – or you spouse did – you may be eligible for a special home loan program that can save you thousands of dollars. Insured by the Department of Veterans Affairs, a VA home loan functions like other loans but with additional flexibility and privileges. Read on to find out more about VA loans – and if you’re eligible. Am I eligible? Started in 1944, the Department of Veterans Affairs established a loan program to help vets returning home from World War II to begin the rest of their lives. The...

November 2nd, 2015 Guide to Using the VA Loan to Score a No-Down-Payment Home

Ace Mortgage Company

711 River Highlands Bvld.
Covington, Louisiana 70433
Phone: 985-888-1660
Fax: 985-888-1665
Email: phil@acemortgagela.com
NMLS: 49604

 
 

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