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Bank of England Mortgage

Making a good first impression is crucial in today's competitive market.  Making a home look visually appealing to byers is the act of home staging. There are ways to higlight your homes qualities, de-empphasize its shortcomings and engage potential buyers.  Home stagers will make selling your home a lot less stressful. They have an eye for home appeal and can transform it into a welcoming, attractive product that anyone might want and will perceive as a much higher value.Staging your home yourself or having a professional home stager do the work for you depends on your budget. E...

March 21st, 2017 | #homestagingtips, Bank of England Mortgage

Bank of England Mortgage

Credit Do’s and Don’ts in the Mortgage Approval ProcessWhile pre-approval allows buyers to know how much they are qualified to borrow for a new home before they start shopping, and it can speed up the mortgage application process once they find a home they like, prospective homebuyers need to keep in mind that pre-approval is not final approval. Events and decisions affecting a borrower’s financial profile that occur after pre-approval but prior to closing can determine whether or not the loan is ultimately approved.Especially now, as the mortgage industry adjusts to new fina...

March 10th, 2017 | Bank Of England Mortgage, Down Payment, First Time Homebuyer, Purchase Loans, Pre-Approval, Reverse Mortgage, VA Loans, Bank of England Mortgage

BANK OF ENGLAND MORTGAGE

When purchasing a home, the primary way of avoiding paying Mortgage Insurance (or MI) is by putting a down payment toward the home of 20% or more.  This can be a daunting task if there are not enough assets to commit to this amount of money.  Paying MI is frustrating because it is money spent that goes toward no part of the equity of your home.  MI is designed to protect the lender against loss as loans with less than 20% down are characterized as being of higher risk to the lender.  It does not benefit the customer in any way.  As a result, customers prefer not &ldquo...

November 30th, 2016 | Combo Loan, BANK OF ENGLAND MORTGAGE

BANK OF ENGLAND MORTGAGE VA PURCHASE LOANS

In the mortgage lending, one of the most flexible and sometimes the lowest priced loan program is the VA purchase.  Designed to assist our military veterans, this loan product has a 0% down payment requirement and carries no Mortgage Insurance.  It is the only product of its kind that allows for these parameters. As a way of giving back some benefit to our Veterans and their families, this government backed loan product is a unique loan that can help make homes more affordable to our country’s service members. One challenge of VA loans is getting the Veterans to understand...

September 24th, 2016 | VA Loans, Purchase Loans, Bank Of England Mortgage, BANK OF ENGLAND MORTGAGE VA PURCHASE LOANS

BANK OF ENGLAND MORTGAGE FOR SENIORS

We are a member of the National Reverse Mortgage Lenders Association (NRMLA). Our Reverse Mortgage Counselors adhere to and maintain standards and a code of conduct that are aimed at protecting the interests of the senior community and their families. We realize that although Reverse Mortgage products can be an excellent financial solution, they may not be the cure all for your financial needs. Our customary methods in terms of consumer safeguards for senior citizens include:  A personal, one-on-one consultation with an expert Reverse Mortgage Counselor who will analyze the...

July 17th, 2016 | Reverse Mortgage, BANK OF ENGLAND MORTGAGE FOR SENIORS

BANK OF ENGLAND MORTGAGE DOWN PAYMENTS

Here at Bank Of England Mortgage offer several available options for customers who have little available for down payment when purchasing their home.  Depending on the customers’ needs, income, credit score, possible military background, and location of the property, the minimum down payment requirements range from 0% ( VA and USDA loans) to 5% (Conventional/Fannie Mae loans).  Another option for customers is an FHA loan.  This is a loan where only 3.5% of the home’s purchase price is required for a down payment. It is popular among first-time homebuyers as well as c...

May 24th, 2016 | Down Payment, Purchase Loans, BANK OF ENGLAND MORTGAGE DOWN PAYMENTS

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Bank of England Mortgage

3672 W South Jordan Parkway, Suite 102
South Jordan, Utah 84095
Phone: 801-912-8484
NMLS: 418481

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Bank of England Mortgage has tried to provide accurate and timely information; however, the content of this site may not be accurate, complete or current and may include technical inaccuracies or typographical errors. From time to time changes may be made to the content of this site without notice. Bank of England Mortgage may change the products, services, and any other information described on this site at any time. The information published on this site is provided as a convenience to visitors and is for informational purposes only. You should verify all information before relying on it and decisions based on information contained in our site are your sole responsibility. If you need specific details about any information contained in our site, you should contact Bank of England Mortgage at (801) 912-8484. A reverse mortgage is a loan that must be repaid when the home is no longer the primary residence, is sold, or if the property taxes or insurance are not paid. This loan is not a government benefit. Borrower(s) must be 62 or older. The home must be maintained to meet FHA Standards, and you must continue to pay property taxes, insurance and property related fees or you will lose your home. This is not a commitment to lend or extend credit. All loans are subject to credit approval including credit worthiness, insurability, and ability to provide acceptable collateral. Not all loans or products are available in all states. If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at 800-669-0191. This contact information is for accommodation requests only. Bank of England Mortgage and Bank of England are not affiliated with any government agency. Bank of England Mortgage is a division of Bank of England. NMLS 418481. Member FDIC Credit Counseling Disclosure | Preventing Identity Theft | Privacy Policy | United States Patriot Act