Drew Mortgage Associates - A Mortgage Company in Boston, MA

Check out this post on the different benefits of a mortgage loan calculator! You can use the Drew Mortgage calculator to do the math for you, whether you're thinking about starting, refinancing, or paying off your loan.  https://www.drewmortgage.com/blog/why-us e-a-mortgage-loan-calculator/

A FHA 203K loan meets the unique demand of a buyer to cover his renovation cost along with the purchase price. However, the loan is infamous in the market for a plethora of reasons, mostly, due to lack of awareness. Let's get some of these myths busted in this post. Read More:  https://www.drewmortgage.com/blog/myths-about-fha-203k-rehab-loan/

The HARP loan was introduced to ease the hardship caused to lenders due to the housing bubble burst during 2005-2006. The deadline for this program has been extended. Let’s talk more about the options you can explore. Read More:  https://www.drewmortgage.com/blog/what-i s-a-home-affordable-refinance-program-ha rp/

A first time home buyer loan is tailored to meet the unique requirements of each and every applicant for that loan. Though the idea of buying your first home may be wonderful, meeting the requirements to qualify for the right loan is not an easy process. Once you find the right loan for your situation, though, you will be pleased with the ease of starting a new journey in a new home. Let’s have a look here at the pros and cons of a first time home buyer loan! Read more: https://www.drewmortgage.com/blog/first-time-homebuyers-loan-the-pros-and-cons/

A Mass Housing Loan Program is a great option for families with low income. With concessionary policies for down payments, insurance, low interest and other associated costs, a Mass Loan can provide a great relief in the home buying or refinancing process. This post discusses the various benefits of a Mass Home Loan program, and how, if you qualify, it can help you today!  https://www.drewmortgage.com/blog/benef its-of-a-mass-housing-mortgage-loan/

First time home buyers can benefit from a USDA approved loan, as it can offer various benefits that will give applicants the ability to achieve their dream of buying a house. This post will discuss the various benefits which a USDA Loan can offer to first-time home buyers. Read More: https://www.drewmortgage.com/blog/first-t ime-home-buyers-the-benefits-that-a-usda-l oan-can-offer/

A 203K Rehab Loan program is best suited for individuals who are looking to rehabilitate/renovate their home, yet, suffer from certain limitations and constraints. To learn more, check out the pros and cons of a 203K Rehab Loan right here! Read More:  https://www.drewmortgage.com/blog/advant ages-and-disadvantages-of-fha-203k-rehab-l oan/

Using a USDA approved home loan lender offers various benefits. Check this post to see what benefits are offered by a USDA approved lender, and how their services can result in saving money and time for a home buyer. Read More:  https://www.drewmortgage.com/blog/the-benefits-of-hiring-a-usda-approved-lender-in-ma/

Refinancing your home-loan is a great way of seeking better loan options that will suit your situation and offer you the best benefits. Check out this post to see how refinancing can help you and why you should consider giving it a try. Read More:  https://www.drewmortgage.com/blog/benefits-of-refinancing-home-loan/

Fixed and Adjustable mortgage rate loans are two different types of loans which vary in interest rates; the former being a fixed rate and the latter being a hybrid of a fixed and fluctuating rate. Let's understand the key differences between these two loan options in the following post. Read More: https://www.drewmortgage.com/blog/what-is-the-difference-between-fixed-and-adjustable-rate-mortgages/

Choosing the right mortgage broker is paramount. Your mortgage broker is the person who will guide you through the mortgage application process. This post will give you insights and quick tips that will be useful to you when choosing a mortgage broker. Read More:  https://www.drewmortgage.com/blog/tips-for-choosing-the-best-mortgage-broker-in-boston/

A conventional or a standard loan program is suitable for those who have a good credit score and want more options, whereas an FHA mortgage loan is more suitable for those who have a week credit standing. For detailed information, check out this blog on the differences between an FHA mortgage loan and a standard loan. Read More at:  https://www.drewmortgage.com/blog/fha-or-s tandard-conventional-mortgage-loan-which-s hould-you-choose/

A 203K Loan supports repairs and/or renovation costs along with the property cost under one loan scheme. Find out here what the key differences are between and Streamline 203K Loan and a Standard 203K Loan.  What Type of 203k Loan Will Benefit You The Most?

As home buyers in today’s market, you must make an informed decision before investing your resources in any type loan. An Adjustable Rate Mortgage is a popular option for many first-time buyers since it offers both fixed and fluctuating rates for varying trends. This post will discuss the pros and cons of this type of loan and why you need to carefully decide what you are looking for before making any big decisions.  Read More

An adjustable-mortgage loan is a hybrid of fixed rate and fluctuating rate, which varies according to the market rate. Let's discuss in detail, what is the purpose of this type of loan, what are its benefits, disadvantages and its types.  Read More

Are you contemplating buying a luxurious home, but insufficient funds to finance it, is making it seem impossible? A jumbo loan is the answer to this: with a higher loan amount than traditional options, you can make your dream come true. Let's understand the requirements and qualifications that are necessary to be eligible for a jumbo loan.  Read More

A VA Mortgage loan comes with myriads of benefits such as waiver of down payment and other fees, additional charges, reduction in paperwork, hassle-free process, security by the government, etc. While this benefit has been extended to veterans and their surviving family, here's a complete guide on what benefits a person qualifying for VA Mortgage loan can enjoy.  Read More

A Veteran Affairs Home Loan alias a VA Home loan is approved by the Department of Veterans Affairs to help veterans and their surviving families deal with challenges while buying a home. There are various benefits offered such as no down payment, flexibility in interest rates, relaxation on closing costs, no requirement of mortgage insurance, etc. https://www.drewmortgage.com/blog/your-complete-guide-to-the-va-home-loan/

Getting approved for a mortgage loan can be a herculean task for a first time home buyer and some mistakes might entail his application form being rejected. Some of the top reasons are having a bad credit history, not having proper documentation, appraisal issues with the property, aiming for low down payment, unsatisfactory income, etc. To overcome these problems, it is advisable for the buyer to seek professional help from a suitable mortgage agency.  Read More

Are you the first time home buyers? Seeking for the best and suitable home loan options? There are some of the home loans available for the first time buyers. But each type of home loan has different criteria for approval. Before applying for the mortgage loan, you need to understand what your objective is, financial situation, and as per that which loan option fits you the most? Checkout: https://www.drewmortgage. com/blo...  for more information of the type of loans for the first time buyers, so that you can decide which one is the best for you.

Getting approved for a mortgage loan is no walk in the park. Credit appraisal and verification of your documentation is a foundational part of the procedure. A healthy credit score may be the single most important factor before applying for a  mortgage loan . Many of us have unhealthy financial habits which afftects your credit score. Thus, it’s extremely important to stabilize and improve your credit score. This blog will emphasize on some useful tips on how to improve your credit score before you apply for the mortgage loan.  Read More

The term Refinancing might sound confusing, it refers to replacing the existing loan on a home, with a new mortgage. The new loan will have benefits and advantages that the original mortgage did not. There are various reasons why a home owner may opt to refinance a mortgage. This post will detail what refinancing a home mortgage is, why to opt for refinancing and the benefits to you.  Read more

For first-time buyers, house hunting and buying a house can be a daunting, nerve racking and exhilarating process. While making decisions, you might overlook some important aspects that could affect the outcome of your mortgage application and or purchase. One way to make it less daunting is to avoid some common mistakes. Based on the experience of previous first time buyers, will help you avoid some common mistakes and allow you to make more informed decisions.  Read More

Maintenance and renovation of your house can be a hassle and costly affair. In addition, loans for such work are available at high interest rate. Typically, loans for such work are only available at high rates of interest, with short repayment terms, and other disadvantages. However, the  FHA 203k Rehab Loan Program  is an appropriate solution and may well allow your dream of restoring and renovating a house to materialize. This blog will help you to understand FHA 203k Rehab Loan Program, its pre-requisites to qualify and benefits.  Read More

There are many questions you will want answers too and many questions you will be asked while applying for a mortgage loan! There is often a lot of confusion when trying to understand the difference between pre-qualified and pre-approved loans. Most of us find it difficult to understand the difference between the two terms.  After reading this blog, you should have a clearer idea of the differences between a pre-qualified and a pre-approved mortgage. And which one is better for first time home buyers.  Read more: https://www.drewmortgage.com/blog/the-difference-between-pre-qualified-and-pre-approved-for-a-mortgage/

Fulfilling loan requirements, for those seeking a private home loan, is no cakewalk. For such loan applicants, understanding the mortgage lending process might be confusing and rather daunting. Misunderstandings and a lack of planning may put a halt to getting your mortgage loan approved and thereby bring to a standstill your dreams of buying a home. To better understand the process of submitting a mortgage application, take a look at some of the steps mentioned in this blog.  https://www.drewmortgage.com/blog/mortg age-loan-application-process-home-buyers-g uide/

Applying for a mortgage loan? One might be tempted to do this in a hurry. But, wait! Don't jump in too quickly. When it comes to applying for a loan, you always need to do some homework. By not doing so, to many home buyer’s, dreams are left unfulfilled just because their  mortgage loan  application gets rejected. You filled everything out correctly and think that you are one step closer to your dream home, but one small mistake can cause you start over again. Useful tips mentioned in this blog that will help you prepare for a mortgage loan application. Tips that will help you get approved for a mortgage loan.  Read More..

Owning your own home is a dream that everyone would love to have come true. However, buying a house and arranging a loan might generate a long list of questions for you. Especially, about how to initiate the process of getting a loan. In such cases, hiring a professional mortgage broker in MA who can remove some of your stress and calm your nerves is certainly a good option. This blog emphasize on the benefits of hiring a private mortgage broker in MA. Read More..

The moment, when you say yes “We are buying a home” is always special, more so when it is the first time! However, before you begin, as a first time home buyer, you need to do some basic research. Especially, if you are a first time home buyer in MA. A little bit of homework about first time home buyers loans and other important factors is always a good idea. Here's some important tips to consider for first time home buyers. Read More:   https://www.drewmortgage.com/blog/5-impo rtant-tips-for-first-time-home-buyers/

USDA home loan is a great option for low and medium income borrowers to make your dream home come true. It provides 100% mortgage financing for all those people seeking a home in the countryside. This USDA home loan program came as a big opportunity for all the rural area people who find it difficult to get a home loan. We have listed here what exactly  USDA home loan  is? How it works? And what qualification you need to pass for a USDA loan to buy a home as per your needs.  Read More...

Purchasing a home involves crucial financial decisions. There are a number of  mortgage companies in Boston, MA  who are ready to help you make those decisions. But, selecting the right mortgage company requires some skill and knowledge. Always consider four important things, mentioned in this blog, while looking for the right mortgage company for you.  Read More..

Every single person has a dream to buy a home but the only concern how to get a  private mortgage home loan without any obstacles. There are various kinds of mortgage loans having different kind of interest rates and qualification requirements. The listed guidance about getting a mortgage for a home will surely prepare you to get a loan with an ease and as per your budget to fulfil your requirements.  Read More

Buying a new home can be a nerve-racking experience especially for first time buyers. First time buyers are however, eligible for certain mortgages specifically designed for them! The Fannie Mae Homepath Mortgage is one of them. This blog will help you explore whether or not the Fannie Mae Homepath Mortgage is an option for you!  Read More..

We always look for flexible loan options with low interest rates and mortgage insurance rates to meet your needs.  FHA Streamline Refinance  is certainly a better option than a conventional loan, for first time home buyers since it offers a lower down payment, lower interest rates and flexible underwriting standards. This blog will help you explore details about FHA Streamline Refinance; its benefits, process and the qualification criteria.  Read More...

The mortgage brokers demand is increasing among Americans over banks. There are N number of reasons why opting for  mortgage brokers  more as compare to banks. With the busy life everyone wants to have a process done easily and fast to get a home as soon as possible with all the loan formalities to avoid any delays. But many times it happens that many people get confused between mortgage brokers and banks - As which option is the best for them. Here we have mentioned the difference to make your job easy as which one is the best for you to choose for a home loan.  Read More...

Many rural people are facing the difficulty in getting a home loan which is conventional and meeting their budget. USDA home loan  has come up with 100% mortgage financing programs for the rural areas who wish to buy home in the countryside. Applying for a USDA home loan makes it easy for the rural people to get the home loan faster and at easy terms. This blog reveals how the USDA programs works, what a borrower needs to qualify for a USDA loans and how USDA programs can help you i.e. low and medium income borrowers to buy a home as per your wish list.  Read More

Where all Americans are facing a huge problem of getting  home loan  especially moderate and low income families, the mass housing mortgage loan program came with a solution to help millions of families, which includes first time home buyers, seeking for refinancing or looking for totally a new one.  Mass housing mortgage loan  program not only came up with a great benefits, but also provides you a comfortable couch where you can buy a home with an ease.  Read More..