Raffle's Review

Where’s Waldo?  Is your mortgage rep hard to find when you need them most?  At BOE Philly we don’t play those games!  We guarantee open, accessible communication for you and your borrower’s when you need it.

We do this a lot and we know you do, too.  We also know that the smallest question can be bothersome to a borrower when a simple answer could have put them at ease.  That’s what we’re here for.  It’s truly the little things that count and we know how important it is to get answers when you need them.  Give us a call today and learn more about the BOE Difference.  At BOE Philly “It’s more than loans, it’s people”!

There are several types of insurance that are involved in the homeownership process; title insurance, mortgage insurance, sometimes life insurance and property or homeowners insurance.

Homeowners insurance protects the homeowner and the lender against damages to the property and it protects the homeowners against liability in the event that somebody gets hurt on their property.

Bucks County, Pennsylvania is a great place to live!  The rolling hills of the Delaware Valley are filled with farmland, history and culture.  The area offers great school districts, proximity to Philadelphia, New York City and Princeton and surprisingly affordable property values and taxes compared to those areas.

Take a ride through beautiful Bucks County and consider it as your new home.  Be sure to give us a call so we can help with a pre-approval and introduce you to one of our great Realtor partners.

At BOE Mortgage, our Qualification Support department specializes in helping Borrower’s figure out what steps to take to make small improvements in their credit scores.

Our specialists can review the raw data of a borrower’s credit file and determine what impact certain payment will have upon a borrower’s credit score. They can also make suggestions of the impact of timing on a borrower’s credit worthiness.

In cases where borrower’s may need additional work, we can recommend a third party credit repair company that has helped many of our clients. Call us today and find out how we can turn a no into a YES!

While many of our competitors are contracting in this environment, Bank of England Mortgage continues to grow. We’re adding originators and support staff across the country and offering loan originators the best platform in the mortgage business to close more loans and make more money.

We’ve been helping homebuyers since 1898 and we continue to do so with a lean accessible senior management team; great products and programs and local management and decision-making on pricing all designed to help you close more loans and make more money.

Reach out today on my private line at 215.917.3937 and let’s have a confidential conversation about our approach and why we say “It’s More Than Loans, It’s People”.

Life insurance is not required when you have a mortgage but, it’s probably a good idea. Many families would have difficulty meeting their obligations if something were to happen to one of the parents. Even if that parent is a non-wage earner, the added stress placed on the wage earner could make it very difficult for them to continue earning at the same level they did previously.

Life insurance can help bridge the gap by eliminating monthly obligations (like a monthly mortgage payment). This is not mortgage protection insurance, where the benefit declines over time but, rather a fixed or increasing benefit over time.

At Bank of England Mortgage, we do not sell Life Insurance. We do, however, have great relationships with local insurance agents and we can help you with a referral.

At Bank of England Mortgage, we think our mortgage process sets us apart from the crowd! We believe that no matter how easy we make the mortgage process, we can’t necessarily make it “fun”. Realizing that, we like to get as much done in advance so that you can then engage in the FUN process of finding your new home.

We offer a full pre-APPROVAL, not just a pre-qualification like most lenders. That means we will collect all pertinent documentation, screen your credit and assemble a complete mortgage file prior to you beginning the home search process. Working this way means that once you find your new home, we don’t need to bother you for the list of documents that we need. You’ll have other things to do like arrange for inspections, get your belongings packed, change utilities into your name, schools for your children, etc. etc. and you can rest assured knowing that we’ve already completed the majority of the mortgage process.

Call us today in Yardley at (215) 917-3937 or find us on the web at BOEPhilly.com. Whether you think you are sixty days or six months away from being “ready”, it’s never to early to have a conversation. If need be, we can even introduce you to one of our great Realtor partners who can assist in your home search. We look forward to hearing from you.

At Bank of England Mortgage, we know that our customers are coming to us for more than a loan. They come to us in the midst of an exciting life event -the purchase of their new home – and we always remember that it’s more than loans, it’s people. We know that you’ll have questions that, no matter how small, can keep you up at night or cause you worry. We know that this is more than a financial transaction and there may be family, children, pets and other important factors that you need to figure out. That’s ok, we’re here to help!

We pride ourselves on making the mortgage process easy so that you can handle the things that really matter in your life. We start early, getting your pre-approval done before you begin the process of looking for your new home. Once you’ve found your new home, we begin moving forward immediately, leaving no loose ends for you to scramble for in the days before closing.

We are frequently asked “do you really not need anything else” and when we respond that we are clear-to-close and ready to go, we’re told “Everybody warned us that there would be last minute items”. Well, those folks obviously worked with the wrong lender.

Give us a call today at 215.493.3752 or find us on the web at BOEPhilly.com. Find out about the BOE Service Difference and how we can help you!

One of the benefits provided to members of our armed services is the VA Loan Guarantee. The VA Loan Guarantee acts much like mortgage insurance in that the Veterans Administration guarantees 25% of the loan amount up to the Conforming Loan Limit ($484,350 in most of the US, higher in some places).

This means that Veterans will full eligibility are eligible for 100% financing up to the above limit. There is no maximum loan amount for VA Loans, only a maximum guarantee. Any amount above the Conforming limit requires a 25% downpayment from the borrower.

For instance, a borrower with full eligibility who wanted to purchase a $600,000 home, would need to make a downpayment of 25% of the difference between the $600,000 purchase price and the $484, 350
maximum guaranteed amount or $28913, which is less than 5% of the purchase price.

VA Loans present a great opportunity for Veterans in the housing market. Call us today and speak to one of our VA Loan Specialists to find out more information! (215) 493-3752