Archive for the ‘Mortgages’ Category

Changes in Analyzing Credit Behavior

Fundamental Shift in How Credit Reports Will be Analyzed Very boring mortgage industry news that BOX Home Loan Employees should be aware of.  Consider this a warning that if you’re a human being, the following article may cause extreme drowsiness: Analyzing Credit Behavior Continued: Just wanted to make sure some of you are aware of […]... Read more ›

  • credit report,
  • desktop underwriter,
  • equifax,
  • fannie mae,
  • home equity line of credit,
  • transunion

Fed Expected To Keep Rates Low

After fears earlier in 2014 that the Fed was about to raise interest rates, it now seems that rates will remain unchanged for some time. Experts cite declining oil prices and flat inflation as evidence of the prime rate remaining near zero as it has been for the last six years. Part of the reason […]... Read more ›

  • box home loans,
  • interest rates,
  • mortgage rates,
  • rates

Deficit Falls Again

According to a recent report by the Congressional Budget Office, the nation’s deficit is shrinking. From the fiscal year 2013 to 2014, the deficit dropped from 4.1%to 2.8%of GDP. In hard numbers, America went from $675 billion in debt to roughly $480 billion. This decline is attributed to an improving economy, higher taxes and continued […]... Read more ›

  • national deficit

When Does A Home Equity Loan or Home Equity Line of Credit Make Sense

It seems people everywhere are getting home equity loans or home equity lines of credit. In the fiscal year that ended in June of 2014, these transactions increased more than 25% compared to the previous year. So does that mean everyone should do it? No. What everyone should do is consider these things before making […]... Read more ›

  • heloc,
  • home equity line of credit,
  • line of credit,
  • loan restart

Protecting Yourself & Your Credit From Credit Card Hackers

In light of the recent Credit Card and Debit Card information breach, we thought we would share with you a few steps to help you if you think your information may have been compromised, as well as some tips to protect yourself in the future. Over the past few months, companies like Target and Home […]... Read more ›

  • credit,
  • credit card,
  • credit fraud,
  • protecting yourself from credit card hackers

Preparing To Buy Your First Home

Benjamin Franklin once said “By failing to prepare, you are preparing to fail.” This adage proves true in many facets of life, including home ownership. In essence, you are preparing to fail, if you neglect to prepare correctly for your first home purchase. Read on for some helpful tips on how to get ready for […]... Read more ›

  • first time home buying tips,
  • home buying tips,
  • how much can i afford,
  • preparing to buy your first home

What’s A DU Refi Plus?

Desktop Underwriter Refinance Plus There are so many different loan programs out there, it is hard to know what is available to you. One option is a DU Refi Plus, which was created for borrowers who demonstrate a satisfactory payment history on their current mortgage, but have not been able to refinance due to the […]... Read more ›

  • box home loans,
  • box loans,
  • box mortgage,
  • desktop underwriter,
  • refi,
  • refinance,
  • refinancing

Missing Mortgage Payments

Importance of Timely Mortgage Payments The economy is tough on everyone right now. You may find yourself with the unenviable task of deciding which bills must be paid now, and which ones can wait another few weeks or even until next month. You are definitely not alone in this situation. If you need to pay […]... Read more ›

  • box home loans,
  • box loans,
  • box mortgage,
  • delinquent payments on credit report,
  • effects of delinquent payments,
  • late mortgage payments,
  • late payments,
  • mortgage payment,
  • mortgage payments,
  • what happens if i'm late on mortgage payment

Second Homes and Investment Properties – Mortgage Basics

Mortgages for Second Homes & Investment Properties The terms “Investment Property” and “Second Home” are sometimes used interchangeably to describe real property that is not an individual’s primary residence. While they do share characteristics there are some important differences worth knowing when it comes to Mortgage Basics. Investment Properties An investment property is a property […]... Read more ›

  • box,
  • box home loans,
  • box investment loans,
  • getting a loan for an investment,
  • investment property,
  • investment property loan,
  • investments,
  • loan application,
  • primary residence,
  • real estate,
  • real estate investment,
  • real estate investments,
  • second home,
  • second mortgage

BOX Home Loans New Platinum Pricing

Your Reward For Great Credit Here’s a little secret:  All mortgage lenders—from the medium-sized folks like Box Home Loans to the “big boys” like Wells Fargo and Bank of America—ultimately sell the majority of their loans to an end-investor. For example, Bank of America may take your payments but they have most likely sold your loan to […]... Read more ›

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