Administrator, Author at Box Home Loans

Author Archive

Your Credit Score

We depend on credit history for so many important things in life: buying or refinancing a home, purchasing a car, or even getting a student loan. This three-digit number, your credit score, can determine whether you can do these things and how much it will cost you. How can a simple number determine your ability Read More »... Read more ›

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Why Do We Source Deposits?

Great question! We at Box Home Loans hate having to source these deposits just as much as you do, very frustrating for all. Let us tell you why Fannie Mae—the government sponsored entity that makes up all these rules—requires that we do this. First, Fannie Mae wants to make sure that people are putting Read More »... Read more ›

First Time Home Buyer Guide

My brother and his wife have been married a little over a year now, and have decided they are ready to take the plunge and purchase their first home. I took a minute to sit down with them to try to help answer some of their questions, and realized just how many questions a first Read More »... Read more ›

Did You Say 30 Day Locks?

At Box Home Loans, we get this type of comment often: “The 30 day rate lock seems like a very short time, especially since you allow a few days buffer for final documents. A standard of at least 45 days seems much more reasonable”. So why do we continue to offer 30 Day Locks? We Read More »... Read more ›

Filling Out Your Loan Application

Applying for a mortgage loan? The first step is to fill out a loan application. Lenders use the information you provide on the loan application to determine whether or not they can give you a loan, and if so, the amount of money they can lend you. This form is also known as the Uniform Read More »... Read more ›

Benefits of Refinancing

If you’re a home owner you’ve probably come across a time or two where you’ve considered the benefits of refinancing but got overwhelmed with all the things that come with it; applications, credit check, new survey and title search, as well as an appraisal and inspection fees. As you know, this process can be quite Read More »... Read more ›

Annual Percentage Rate – APR

Moving target Here’s why the APR is a moving target. The APR calculation was put in place by the Federal Government more than 30 years ago as means to help consumers compare loans, and to learn what the true cost of a loan is. In theory, that sounds great, but the reality is that it’s Read More »... Read more ›

Mortgage Fees

As you are preparing to either purchase a new home or refinance an existing home, it can be overwhelming getting that Good Faith Estimate and Initial Fee Itemization from your lender with a laundry list of mortgage fees. So, I’ve listed a few of those fees that came to mind that you may see on Read More »... Read more ›

Mortgage Insurance

What is mortgage insurance and how do I know if it’s necessary for my loan? Mortgage insurance may seem puzzling to first-time home buyers or seasoned home owners alike. But it doesn’t have to be. In order to understand mortgage insurance, it is necessary to understand a simple ratio about your loan called the Loan-to-Value Read More »... Read more ›

Mortgage Service Standards

Wouldn’t it be great if you could hold your family physician to the same standards that Box Home Loans maintains? Just think of it! If you went into the doctor’s office and you absolutely KNEW you would be treated in the fastest most efficient manner available and be made aware of every cost associated with Read More »... Read more ›