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 ›
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 ›
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 ›
What are Box Home Loans requirements to qualify for an FHA loan? A borrower must have liquid assets in reserve that are equal to the amount of two months mortgage payments. (this is in addition to any down payment or closing costs) A borrower must have a credit score 700 or higher to qualify for Read More »... Read more ›
