Mortgages: Refinance or Purchase at 3.125% with $0 closing costs or even a credit towards closing with Box Home Loans

Now offered in AZ!!

Box Home Loans BAD EXPERIENCE -
Just a FYI I had a bad experience using box. I was getting a ~400k loan on my house worth over 1 million and they refused to close the loan because 1 of 3 bathrooms was not complete, even though the "as-is" appraisal on my house was still ~1 million. After wasting my time I used CashCall got the same same rate and they funded the loan with no problems whatsoever...



IF INTERESTED IN PROVIDENT.com, sign up with perkspot and get code for .25 rebate which is $250.00 for each 100K in loan value.

https://friends.perkspot.com/Logi...urnUrl=%2f

The code given here is the same as I got as govt employee.


Three criteria to fit in the box:*

• Minimum 700 Credit Score.
• Owner-Occupied Properties
• Minimum 3.5% down (or equity)

*Other exclusions may apply. Consult your loan officer.


Box Home Loans only charges $149* in total lender and broker fees for conventional loans, and $199 for FHA Loans. No origination fees. No underwriting fees. No wire fees. No junk. And no, we do not raise your interest rate to make up for the low costs.


Compare the Right Fees

Read carefully. This is where most shoppers get taken. There are three types of fees in a mortgage quote--lender fees, third-party fees, and prepaid/escrow items--and only some of these should affect your comparison. We will summarize each and tell you how you should compare them.

Lender Fees
Lender fees consist of two things: points/origination fees and “junk” fees. You must take both into consideration. I repeat: you must add them together. Some lenders brag about charging “no points” only to charge you an “admin” fee of $1,995. Or others might advertise, “no junk fees” only to charge you twice the points of another lender. You also must know the following about the two different kinds of lender fees:

Points and/or Origination Fees
There are subtle differences to points and origination fees, but for the sake of comparison, they should be viewed as the same thing. The most important thing to know about points and origination fees is that their amounts go up or down as the interest rate goes up and down. Generally speaking, the lower your rate, the more you pay in points or origination fees. The higher the rate, the less you pay in points.

Lender “Junk” Fees
Underwriting Fees, Admin Fees, Tax Service Fees, Flood Certification Fees, Pay-For-My-Trip-To-Hawaii Fees, yada yada yada. The list goes on and on. It is somewhat amusing to see what kind of fees lenders make up. Basically, these are any fees not charged by the third parties below. And if a broker tries to pass off his partnering lender’s underwriting fee as a third-party expense, don’t believe it. Essentially, all fees not charged by the appraiser, credit agency, title company, or attorney, are all considered lender fees.

Third-Party Fees

Third-party fees don’t matter as much to your comparison because those fees are essentially the same no matter where you get your loan. In fact, it is illegal for a mortgage company to pad these third-party fees. These costs include the appraisal, credit report, title company fees, and government fees (recording, transfer taxes, tax stamps, etc). Third-party fees do vary somewhat from provider to provider. Not all title companies charge the exact same fees, for example. But the differences are minimal and typically not subject to change. Therefore, don’t waste too much time haggling over these. Haggle over the stuff that matters—lender fees!

Prepaid/Escrow Items

Prepaid/escrows items should have ZERO bearing on your comparison between two lenders. They represent the amount collected either to pre-pay (or escrow) your taxes, insurance, and interest. The amount a lender can collect for these items is highly regulated by the federal government, and does not fluctuate significantly from lender to lender. Yes, it is critical to understand the amount required for these items, but worry about this after you have chosen your lender.

To compare one lender with another, simply add up the points, origination fees, and lender “junk” fees for each lender.

What separates Box Home Loans from the rest is our lack of fees. It is stunning, actually. The only fees you will see from us are the points or lender credit associated with your rate and a processing fee of $149 for conventional loans and $199 for FHA loans.

Finally, whether you choose Box Home Loans for your next mortgage, these three comparison rules—Same Day, Same Rate, Right Fees—will prove invaluable as you shop for your next mortgage. Never again will you have to ask yourself, “Did I just pay too much?”

For everything else, make sure you're comparing the same rates, same values, and on the same day! It matters!

----

NOTE on CURRENT RATES
Make sure to check these rates OFTEN. Rates are RISING FAST this week, specifically yesterday.

Read: Mortgage Rates Reach Two-Month Highs. Best-Execution Shifts Higher [mortgagenewsdaily.com] (8/15/2012)
View: Today's Mortgage Rates [mortgagenewsdaily.com]

-----