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Navigate a Slow Mortgage As a Champ – Not a Victim

For a typical mortgage, it takes about a month to close. Unfortunately, that’s just the expected timeframe – for some closings, it could take longer. Maybe even much longer. In most instances, the reason for a closing delay isn’t necessarily the fault of the prospective home-owner. This lack of control can be frustrating, especially for those who are active problem-solvers. In the event of a delay on your closing, don’t be a victim to the situation. Here are some ways to stay stress-free. Handling the stress If you’re like us, time is of the essenc...

December 28th, 2015 Navigate a Slow Mortgage As a Champ – Not a Victim

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

How to Get the Lowest Mortgage Rate Possible

Everyone in the market for a new home is looking for the lowest mortgage rate possible. The lower your mortgage rate, the less money you owe per month. In other words, your rate will determine which homes you can afford and which are out of your price range.     So what can you do to qualify for a lower rate and expand the market of houses you can afford? There are a few tricks that can help you, but first it’s important to understand how your rate is determined. Remember: The less risk you present to lenders, the better the rate they’ll offer you. Len...

September 24th, 2015 How to Get the Lowest Mortgage Rate Possible

How can your finances affect your mortgage rate?

Everybody knows that the lower your mortgage rate is, the lower the monthly payments on your home will be. The difference between a 4 percent rate compared to a 5 percent rate may seem small, but that 4 percent rate can actually save you more than $100 per month over a span of 30 years compared to a 5 percent rate. That’s a difference of approximately $36,000 over the life of that mortgage, which can equate to things like college tuition money or savings toward retirement. The mortgage rate for which you qualify will literally determine your budget on the market, and thus what hous...

August 31st, 2015 How can your finances affect your mortgage rate?

The 10 Commandments of Buying a Home

Is a new house on your horizon? While you’re daydreaming about your home-to-be, don’t forget to make planning a priority. Preparing for a new mortgage takes time and can be an added source of stress for new and veteran homeowners alike. To lessen the burden and provide you with guidelines to follow, we’ve created the ten commandments of buying a home. For best results, follow the important rules listed below! Thou shalt not change jobs, become self-employed or quit your job - No one is suggesting that you stay in the same job forever or avoid exploring new opportunities...

August 3rd, 2015 The 10 Commandments of Buying a Home

Ace Mortgage Company

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