Why Customer Service? As I have worked for different companies and job-types, there is always one thing that I find being emphasized at each job, no matter how different, that thing is customer service. I began to wonder why it is emphasized so much in all different job types, and so I decided to look Read More »... Read more ›
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Historic low rates With rates at historic lows, refinancing home mortgages is proving to be beneficial to homeowners by saving them money on their mortgage payment. Many are also enjoying the benefits of a cash-out refinance. A cash-out refinance is a mortgage loan that gives cash to the borrower from equity in his or her Read More »... Read more ›
Definition: A conventional mortgage is a mortgage loan that is a loan secured by a real property through the use of a mortgage note which evidences the existence of the loan and encumbrance of that realty through the granting of a mortgage which secures the loan. When you apply for a conventional loan there Read More »... Read more ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
