Archive for the ‘Mortgages 101’ Category

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 »... Read more ›

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

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

What is a Home Equity Line of Credit?

Home Equity Line of Credit If you own a home and need access to cash, a home equity line of credit (HELOC) is an option you may want to consider. Depending on the amount of equity in your home, you could have access to the cash you need at reasonable interest rates. Although HELOCs have Read More »... Read more ›

  • box,
  • box home loans,
  • box loans,
  • credit,
  • home equity,
  • home equity line of credit,
  • home loan,
  • home loans,
  • line of credit,
  • utah home loans,
  • utah mortgage company

Improving Your Credit Score

Tips To Improve Your Credit Score? Your Credit Score – Turning a Necessary Evil into a Money-Saving Tool Many people view their Credit Score as a complex, frustrating, “Necessary Evil.” Just when you think you understand your score, it drops a few points, leaving you confused and right back where you started. This is not the Read More »... Read more ›

  • box home loans,
  • box mortgage,
  • credit score,
  • credit score and loan applications,
  • credit scores,
  • effect your credit score,
  • home loans,
  • improving your credit score,
  • increase your credit score,
  • low credit score,
  • mortgage,
  • obtaining a home loan

Private Mortgage Insurance

Private Mortgage Insurance Private Mortgage Insurance is designed to protect the Mortgage Lender in case the borrower defaults on the loan. It provides protection in the event of a foreclosure of the property in which the Lender had financed more than 80% of the home’s value. In the event the borrower has defaulted on the Read More »... Read more ›

  • box,
  • box home loans,
  • box loans,
  • down payment,
  • first time home buyer,
  • home loan downpayment,
  • how much should i put towards a down payment,
  • mortgage,
  • mortgage insurance,
  • mortgage tips,
  • pmi,
  • private mortgage insurance

Intro To Home Loan Closing Costs – Mortgage Closing Costs

About Home Loan Closing Costs When you get a home loan you will need to pay what is known as mortgage closing costs. They are basically fees charged by lenders and third parties that relate to the purchase of your home. This is an additional cost on top of the down payment, and home loan amount. Read More »... Read more ›

  • box,
  • box home loans,
  • box loans,
  • closing costs,
  • home loan,
  • home loan closing costs,
  • home loan costs,
  • home loan fees,
  • mortgage,
  • mortgage closing costs,
  • mortgage costs,
  • no closing costs,
  • no cost loans,
  • out of pocket closing costs,
  • prepare to buy your first home,
  • preparing for buying a home,
  • tips for buying a home,
  • what are closing costs,
  • what is a no cost loan

Credit Scores & Your Financial Health

Credit Scores & Your Financial Health So we hear a lot about this infamous score and how it can affect our future financial abilities – but what is it really, and how does it come about? First of all, a credit score is an entirely different beast than a credit report. A credit report is Read More »... Read more ›

  • box,
  • box home loans,
  • box loans,
  • credit repair,
  • credit report,
  • credit scores,
  • delinquent payments on credit report,
  • fico,
  • financial health,
  • fix my credit now,
  • fixing my credit on my own,
  • high credit score,
  • home loans,
  • how can i fix my credit,
  • how can i fix my credit on my own,
  • how can i repair my credit,
  • improving your credit score,
  • repair my credit,
  • repair your credit

Temporary Leave Loan Qualification

Temporary Leave Loan Qualification Temporary leave from an employer may encompass various circumstances (e.g. family and medical, short-term disability, maternity, other temporary leaves with or without pay). Under no circumstances should any medical documentation be required or any inquiry regarding the nature of the disability be made. Temporary leave may vary in duration. The period Read more ›

  • applying for a home loan,
  • box,
  • box home loans,
  • box mortgage,
  • how do i qualify for a mortgage if i'm on temporary leave from work,
  • loan application tips,
  • loan qualification,
  • mortgage company,
  • qualify for a home loan,
  • qualify for a loan while on temporary leave,
  • temporary leave,
  • temporary leave loan qualification

Why Does My Lender Need to Document Everything?

Why Does My Lender Need to Document Everything?  “What’s with all the documentation?” or “Aren’t my pay stubs enough? I make plenty of money and have more than enough assets!”   Are common questions I hear from borrowers.  You show us your paystubs, and then you get a mortgage, how great would that be?!  We like Re... Read more ›

  • box,
  • box home loans,
  • do i need id for a home loan,
  • do i need id for a mortgage,
  • home loan application process,
  • homeowners insurance,
  • income verification,
  • mortgage application process,
  • mortgage documents needed,
  • pay stubs,
  • proof of insurance,
  • purchase agreement,
  • what do i need to apply for a home loan,
  • what will i need to apply for a mortgage

What is the FCRA?

The Fair Credit Reporting Act (FCRA) ensures that consumer reporting agencies conduct reporting activities on your credit report with accuracy, fairness and impartiality while protecting your right to privacy. This act imposes strict guidelines to regulate the reporting agencies that provide your reports. As well as the people who furnish the information to the agencies. Read Mo... Read more ›

Warning: count(): Parameter must be an array or an object that implements Countable in /nas/content/live/boxhomeloans/wp-content/themes/box/archive.php on line 74