Drew Mortgage Associates - A Mortgage Company in Boston, MA

Have you found a home that you love and want to purchase? The dream home you've always wanted may be in front of you, the design looks beautiful, it meets your requirements to be an ideal home. However, it needs repairs and you don't have the finances. To fix this home, you need financial support. A loan for home renovations would be beneficial for first time home buyers. This is where a 203k Rehab Mortgage Loan is useful. A 203k Rehab Mortgage Loan can turn your dream into a reality. This blog provides valuable information for first time home buyers about 203k Rehab Mortgage Loans.  Read complete blog: https://www.drewmortgage.com/203k-rehab-loan-for-first-time-home-buyers/

Fannie Mae has a mortgage loan program called Fannie Mae HomePath Mortgage Loan for people who are interested in buying a home that is currently owned by Fannie Mae. HomePath Mortgage Loan provides benefits such as a low down payment, no mortgage insurance, flexible mortgage terms and more. This loan is available for both owner occupants and investors. As houses owned by Fannie Mae are move-in ready homes, which are competitively priced, they often attract first time home buyers , homeowners who want a bigger home, or retirees looking to consolidate. Fannie Mae also includes HomePath Renovation Mortgage for homes requiring moderate renovations. This blog provides valuable information with all you need to know about HomePath Mortgage Loans.  Read more information at - https://www.drewmortgage.com/everything-you-need-to-know-about-homepath-mortgage-loans/

Do you need a mortgage loan, but don't know how to choose between an FHA loan and conventional loan? Deciding between an FHA loan and conventional loan can be confusing and choosing the right mortgage program is crucial to get the best deal on your loan. In this blog, you'll learn why conventional loans are harder to get than FHA loans , which loan accepts a low down payment and have low-interest rates. If you're a first time home buyer or want to save money in the long run, this blog will help you understand the differences between an FHA loan and conventional loan. Read complete blog: https://www.drewmortgage.com/fha-loans-vs-conventional-loans/

Do you want to refinance? Refinancing your existing home loan can be the right financial decision. You'll require professional help when it comes to refinancing your mortgage. In order to get all the benefits of refinancing , homeowners need to do some research. They need to find out the current refinance rates and industry trends. You may not be able to know everything about refinancing, this is where home loan officers come into the picture. Deciding on your own regarding refinance loans can be challenging. Using a checklist will help you decide whether it's a right time to refinance or not. This blog provides valuable mortgage refinance checklist that'll help you identify whether refinancing is right for you or not. Read about - Mortgage Loan Refinancing Checklist

The process of buying a home or taking on a home loan can be frightening if you've never done it before. Buying a new home is one of the most important decisions you will make in your life. The decision of buying a new home will have a positive effect on the quality of your life. Buying a home involves a large sum of money and complex legal documents. You may not be familiar with the legal documents involved in home buying. Legal jargon can be confusing and frustrating. You'll be working with professionals during your search for a new home, applying for a mortgage, and closing on your home. This blog provides valuable information on the key players in the home buying process .  Read more at: https://www.drewmortgage.com/key-players-home-buying-process/

Are you in financial debt? Debt causes stress and frustration, as it is a large burden to carry. You may be worried about how you're going to pay off your debts. Debt may be preventing you from leading a happy life because you're constantly struggling to pay off your debts. There is a way to effectively manage and clear your debts. Debt Consolidation Loans can help you manage and pay off your debts easily, so that you'll have peace of mind. This blog provides valuable information on Debt Consolidation Loans and their benefits. Learn more about Debt Consolidation Loan at:  https://www.drewmortgage.com/5-benefits-debt-consolidation-loans/

Today, due to high prices of houses and apartments, it is nearly impossible for an average person to buy their dream home. Banks and mortgage lenders have come up with a solution by providing mortgage loans to homebuyers. Once all the paperwork is done and your home loan is approved, you begin living in your new home. The next thing that starts bothering you is how to pay off your mortgage loan faster. Paying off your mortgage loan as soon as possible is the smartest thing to do and gives you complete ownership of your home. This blog provides 4 ways that'll help you pay off your mortgage faster. Read complete blog at: https://www.drewmortgage.com/easy-ways-pay-off-mortgage-faster/

Do you want to refinance your home and are looking for a better refinancing option that'll help you lower your loan interest rate and payment? You may have a lot of questions regarding whether or not FHA Streamline Refinance is a good option for you. FHA Streamline Refinance is a refinancing mortgage product that may lower your loan interest rate and payment. FHA Streamline Refinancing is a fast and cost-effective way to refinance that comes with minimal documentation and credit standards. It's one of the simplest and easiest ways to refinance your mortgage. This blog provides essential FHA Streamline Refinance FAQ's that'll answer all your questions related to FHA Streamline Refinance. Read all questions with answers at- https://www.drewmortgage.com/fha-streamline-refinance-faqs/

Owning a home is a dream for some and a need for many. A dream home symbolizes beauty and luxury. For people who need a home just for shelter, it keeps them safe. Now both the housing dream and the need for a shelter can be attained easily. This is all thanks to the Federal Housing Administration (FHA) and United States Department of Agriculture (USDA), two government agencies, for making home loans within the reach of common people. The path to your dream home can be reached by FHA home loans and USDA mortgage loans. There are differences between FHA home loans and USDA mortgage loans that can be identified under certain categories, which includes down payment, closing costs, credit score, area limits, and income. This blog provides a list that'll help you understand how FHA home loans are different from USDA mortgage loans. Read more: https://www.drewmortgage.com/how-fha-home-loans-are-different-from-usda-mortgage-loans/

Are you planning to refinance? If you want to lower your existing mortgage rate of interest or reduce your mortgage term loan, then a refinancing home loan is highly beneficial. Some homeowners feel that refinancing is a painful process, but it can actually ease your financial burdens. This blog provides a step-by-step guide to the mortgage refinancing process.  To learn more, please visit: https://www.drewmortgage.com/a-step-by-step-guide-to-the-mortgage-refinancing-process/

Planning to apply for a home loan? No need to invest your time in needless paperwork and multiple trips to the lender. Reduce your leg work with an online application and ensure faster processing of your home loan. Check out this post to learn 4 benefits offered by online mortgage loan programs:  https://www.drewmortgage.com/4-advantages-getting-mortgage-loan-online/

Buying a home is the best form of investment. When you invest your hard-earned money on buying a home, you feel proud and satisfied. Most bachelors begin their independent lives living in a rented house or an apartment. As they progress in their careers and lives, saving money, and starting families of their own, they feel the need to own a home. Some people continue to live in rented houses as they feel renting is much better than buying a home. However, this is simply not true. Buying a home gives you a lot of benefits. You actually save more money over time by buying a home rather than spending your whole life in a rented house. This blog provides 5 reasons why you should buy a home.  Read more: https://www.drewmortgage.com/top-5-reasons-why-you-should-buy-a-home/ 

Loan rejection often exasperates home owners. There are a number of factors that lead to online mortgage loan application rejection. It's quite common among borrowers who apply for a mortgage loan. However, what you need to remember is that rejection is not the end of your dreams. You should always re-attempt the process when you're ready. However, before re-applying, you should learn what went wrong. Identify the errors in detail and make the necessary changes. Here are 6 steps you should take after your online mortgage application gets rejected: 1. Review Your Refusal Letter There are a number of factors that can lead to rejection of your loan application. Contemplate what went wrong from your end. This step will help you in making the right decisions, without repeating the same mistakes, so that your loan application may get accepted in the future. 2. Ask Where You Failed The most frequent reason for mortgage loan application rejection is either insuffi

Applying for a mortgage loan? Mortgage rates typically affect your finances, and a little homework is necessary to choose a loan program with an affordable mortgage rate. Let's review these 6 factors to understand what influences the interest rates of home loans. Read complete info at https://www.drewmortgage.com/blog/6-important-factors-that-determine-mortgage-rates/

Have you received a rejected loan application? Don't worry. You can always go back and review your denial letter to identify the problem. In this blog, we explain what steps you can take in case your loan application has been rejected, and how Drew Mortgage Associates can help you in this situation.  Read here - https://www.drewmortgage.com/blog/6-steps-to-take-if-your-mortgage-loan-application-is-rejected/

Renting Vs Owning, what do you think is the right option for you? A lot depends on your current income, credit score, job stability, liabilities, and your future goals. Although most of us would love to buy a house, it won’t be a smart option for everyone. On the other hand, buying a house is not as tedious as it appears to be, since it comes with a plethora of benefits. This article explores the pros and cons of both options. Read More  https://www.drewmortgage.com/blog/renting-vs-owning-whats-right-for-you/

Taking out a loan soon? Take your time and check all the various aspects of a loan before you commit to a mortgage. Check out this post for more information about APR: https://www.drewmortgage.com/blog/understanding-annual-percentage-rate-apr/

A debt consolidation loan is a loan program that combines all your pending loans into one new loan. Debt consolidation can be smart option for many borrowers. However, you need to understand what it involves before you combine your loans. Check out this blog for more information on whether debt consolidation loans are right for you: https://www.drewmortgage.com/blog/what-is-a-debt-consolidation-loan/

The mortgage process is a daunting task. You need to be careful before applying for a loan since it can impact your finances in the long run. Apart from keeping your credit payments steady and healthy, you need to keep your savings ready and have a stable job to enjoy financial stability. Read this post to understand the nuances of the mortgage process, including do’s and don’ts: https://www.drewmortgage.com/blog/the-dos-and-donts-of-the-mortgage-process/

Picking up a loan program for buying a house? Make sure you educate yourselves about various parameters, as mortgage interest is a crucial one, which can can affect your payments. Go through this post to get some insights about the same. Read More at: https://www.drewmortgage.com/blog/how-mortgage-interest-rates-affect-your-payments/

Home Equity Line of Credit, also known as HELOC offers up to 95% of credit against the house as a collateral. Check this post to know more about this loan type and how Drew Mortgage Associates can assist you for this loan program. Read More: https://www.drewmortgage.com/blog/what-is-a-home-equity-line-of-credit-heloc/

A local mortgage lender is like a friend alway available in distress: easily accessible, offering personalized services, and giving justice to your requirements. If you’re still not convinced, check this post to know the benefits of hiring a local mortgage lender. Read More: https://www.drewmortgage.com/blog/reasons-to-choose-a-local-mortgage-lender/

Desiring for a good credit score, however, not so keen on cleaning up your credit history? A bad credit score may keep you away from your dream house. Still not convinced? Check this post to get inspired today and know the benefits of having a healthy score. Read More: https://www.drewmortgage.com/blog/benefits-of-having-a-good-credit-score/

Dreaming of buying a house and working on your finances? Get preapproved! Although not mandatory, it is a crucial step that can help you come one step ahead of other borrowers who are not preapproved. Check this post what is preapproval and how to get one. https://www.drewmortgage.com/blog/how-to-get-pre-approved-for-a-mortgage/

VA home loan programs are designed to offer benefits to military personnel and their surviving family, in honor of their services. In this post, let's have a look at what is a VA loan program and the steps involved in qualifying and getting approved for VA loan program. Read More : https://www.drewmortgage.com/blog/step-by-step-guide-to-the-va-home-loan-process/

USDA loan, a loan type that encourages buyers with low income to buy properties in rural areas and other prescribed areas are a perfect option for those who are eligible. Check this post to know common FAQs regarding this type of loan. https://www.drewmortgage.com/blog/7-faqs-on-usda-loans-answered/

Do you think that a conventional loan is way out of your league? That does not put a halt to your dreams. Consider FHA loans, which are insured by the FHA. Read this post to understand the top 5 importance facts of these loans. https://www.drewmortgage.com/blog/top-5-important-facts-about-fha-loans/

Home buyers today have a variety of options for mortgage loans. This can create a lot of confusion. In this blog, we cover the key features and differences between FHA, VA, USDA, and conventional home loans:  https://www.drewmortgage.com/blog/which-r efinance-is-best-fha-va-usda-or-conventi onal/

Do you have a low credit score and financial constraints? Fret not, your dream of buying a house is still possible with the USDA loan program, which allows you to buy a house in rural areas and select suburbs. Check out this post to learn 7 useful facts about the USDA loan program: https://www.drewmortgage.com/blog/7-useful-facts-about-the-usda-rural-development-loan/

Buying a house and seeking a mortgage loan? Do not hurry and jump to the next mortgage broker who quotes the lowest price. Read this post to understand which questions you should ask when choosing a mortgage broker. https://www.drewmortgage.com/blog/important-questions-to-ask-when-choosing-a-mortgage-broker-in-ma/

Whether you're a first-time home buyer or an existing home owner looking to refinance, there are plenty of factors that go into finding the right loan. Do some research on the types of loans available to you, the monthly payments, lock-in periods, and closing costs. For more information, please visit our blog at : https://www.drewmortgage.com/blog/important-things-to-consider-before-choosing-a-mortgage/

The HARP loan program was introduced to help the homebuyers who have zero or negative equity in their house. Let's check out what the benefits this loan program has to offer, via this post. https://www.drewmortgage.com/blog/benefits-of-home-affordable-refinance-program-harp/

Dreaming of buying that house you love? You might have to make some changes in your budget. If you start saving for your down payment as early as possible, you’ll have more financial flexibility when your mortgage becomes finalized. This blog covers 4 tips that will help first-time homebuyers save for their down payment. https://www.drewmortgage.com/blog/4-tips-that-will-help-first-time-home-buyers-afford-their-down-payment/

The FHA 203K streamline loan is useful for anybody seeking minor renovations or repairs in their home that don't exceed $35,000. In this blog, we provide a step-by-step breakdown of the streamline loan process. We also demonstrate how Drew Mortgage Associates can play a pivotal role in processing your loan options. Read More: https://www.drewmortgage.com/blog/how-the-fha-203k-streamline-loan-process-works/

A mortgage calculator is a handy tool that gives you a reasonable estimate about potential loans. This post discusses the importance and applications of a mortgage calculator. Once you've calculated a mortgage option that meets your needs, make sure to choose the right lender for the job. Read more at: https://www.drewmortgage.com/blog/how-to-use-a-mortgage-loan-calculator/

The USDA Home loan program has undergone some changes that will be beneficial to the buyers. Let’s check in this post, changes in this loan program and what is the eligibility criteria for the same. Read More: https://www.drewmortgage.com/blog/usda-home-loan-program-changes/