Drew Mortgage Associates - A Mortgage Company in Boston, MA

Planning to buy a house in the winter? Want to make a valued decision of home buying in the market of less competition? Is there any room for negotiation? If you are looking for a house in winter, it’s time to know about the various factors involved in the home buying process. Read the article to make the most of the opportunity that is worth investing. Visit:   https://www.drewmortgage.com/why-prefer-buying-a-house-in-winter/

Thinking of refinancing your home mortgage? Learn the benefits of refinancing. Is the savings generated enough to cover the closing cost? What can be the loan term after refinancing? What are the actual interest rates offered to the borrowers by the  mortgage lender ? If you want the answers to all these questions,check out this article :  https://www.drewmortgage.com/common-faqs-on-refinancing/

When applying for a mortgage, you must have or will come across the term debt-to-income ratio (DTI). In the first instance, you would get confused about what it means. As DTI is one of the key factors in qualifying for the home loan, you need to have a better understanding of the term. This article will help you understand the term and what to calculate the DTI. For more details visit :  https://www.drewmortgage.com/debt-to-income-ratio-calculation/

When it comes to money and making regular payments, things can go uncertain. You must have heard about bankruptcy. However, the majority of the borrowers don’t have a complete understanding of bankruptcy and how to file bankruptcy. This article explains the term ‘bankruptcy’ in detail, how you can file, and the process. For more details visit : https://www.drewmortgage.com/understand-bankruptcy-and-filing-process/

Missing a mortgage payment due date can put you in a tough situation. This might be frightening at times. Consistency in mortgage payments is important to maintain a healthy credit score and avoid the penalty. It may get challenging to come back on track to pay regular mortgage payments. Drew Mortgage Associates, leading Massachusetts Mortgage Companies has mentioned some valuable tips to get back on track if you fail to pay mortgage payments. To know more click here : https://www.drewmortgage.com/how-to-deal-with-mortgage-payment-failure/

If you have enough cash to buy a home, you may get confused about whether you should buy a home in cash or through a mortgage and pay monthly. Some investors think it is good to pay in cash, whereas some still prefer to buy a home through a mortgage. This article explains the pros and cons of each to help you decide the best method for you. For more details visit : https://www.drewmortgage.com/buy-home-with-cash-or-mortgage-loan/

People initially prefer to manage their finances by own. Later, they realize that they are not to give enough time to manage finance. Once you recognize that the things are not working, approach the experienced professionals in financial management. You may find a Financial Coach and Financial Advisor to be the same. However, both have different roles. This article clearly distinguishes financial coach and financial advisor : https://www.drewmortgage.com/select-financial-coach-or-advisor/

People may face financial crunch at any point in their life which sometimes, leads to bankruptcy. No one could think of getting the mortgage in this situation. However, it is possible to get the FHA  203K Rehab Loan  post-bankruptcy. The right planning and preparation before applying, so you can present the strongest application possible. This guide to FHA 203K Rehab Loan will help you find the way.  Click here .

Every homeowner, at some point in time, thinks of home renovation. This may include changes from basic features to a complete upgrade. Most of the people have a list of changes ready with them. However, waiting for the right time to do the changes. One of the major reasons to hold home renovations is the financial situation. There are options available for financing the renovations. Read the complete article to learn the different ways to pay for home renovations with their pros and cons. Click Here :  https://www.drewmortgage.com/pros-and-cons-of-renovation-loans/

Planning a retirement at an early age is always a good thing to do. If you have taken a mortgage for your dream home then having a mortgage-free retirement should be on the top of your list. You need to think of how will you make mortgage payments after your retirement? This article will help you learn some of the smart ways to plan a mortgage-free retirement. Read More :  https://www.drewmortgage.com/how-to-plan-for-a-mortgage-free-retirement/

When you are trying hard to get the mortgage and finally you get one, there's no better relief than that. However, once your mortgage has been approved, there are a few important things that you need to avoid. Any wrong step after applying for a mortgage may affect the scope of getting your loan closed. Learn the 5 don'ts that you must understand after applying for the mortgage loan. Click Here .

Buying a house is an exciting experience as well as stressful. It takes a lot of planning before you make a big investment. If it appears as your new home loan will close with no issue, then it’s a relief for you! However, there are a few practical challenges that may come your way during your tenure. One of the common challenges is job loss during the mortgage process. This article will help you learn the ways you can handle such a situation. To check out Click Here .

Saving to spending ratio plays a vital role to achieve stable financial growth. To do so, there are rules, and calculators available to calculate both the parameters. However, these rules and calculators miss your life goals and circumstances in your current situation. This article comprises of useful guidelines that will help you create the right balance between your spending and saving. To read more click here: How To Balance Spending, Investing and Saving - Drew Mortgage Associates

Mortgage rate fluctuations is not a new thing in the mortgage industry. Mortgage interest rate fluctuations are based on the variations in the economic elements. There has been a huge change over the decades. One of the reasons is the demand in the real estate industry. While it is difficult to find out the exact reasons for each  mortgage rate  changes, this article will help you learn some of the factors that cause changes in mortgage rates. To know more click here :  https://www.drewmortgage.com/why-do-mortgage-rates-fluctuate/

Gone are those days when buying a home in an expensive location for less was 'No Way!' thing. Today, this has become possible because different homebuyer-friendly options are available. The rates had fallen at the start of this year. This article covers the ways to affordable homeownership and achieve your dream of living in a prime location. For more details click here :  Buy House In Expensive Location At Low Costs - Drew Mortgage Associates

Applying for a mortgage might look like a difficult task, especially, for the first time home buyers who are not aware of the terms used. You may have come across some of the terms, however, there are financial terms sometimes used by mortgage lenders in Massachusetts that are difficult to understand. This article covers and explains some of the common terms used while applying for the mortgage. Visit:  https://www.drewmortgage.com/common-terms-you-should-know-before-applying-for-mortgage/

Changing purchasing power due to rising mortgage rates is not surprising. Research shows the impact of fluctuations in the mortgage rate on the home buying around the country. This article shows the impact of the rising mortgage rates on the home buying. For more details visit : Impact of Mortgage Rates | Effect of Rising Interest Rates

Sometimes we come across a house that can fit into dream home criteria and needs some TLC. There are times when we apply for two different loans for buying a home and repairs. However, you don't need to apply for two different loans when a single loan can work for it. This article explains all about the FHA 203k Rehab Loan that can help you buy and fix up a home. Visit : https://www.drewmortgage.com/203k-rehab-loans-for-buying-and-renovating/

If you are planning to focus on your financial health then the early days of the New Year is a right time to look into it. Get your personal finance habits right, minimise your debt, save for retirement and organise your finances. You should start reassessing your mortgage . There are many questions to be asked to know whether it is the right time for you to purchase a new home or refinance your current mortgage. Here’s an article that explains how to go about it. Read more : https://www.drewmortgage.com/reaching-your-financial-goals/

Transferring the mortgage is an important aspect while financing a home. Transfer of mortgage is a transaction where either the borrower or lender assigns an existing mortgage from the current holder to another person or entity. When you sell a home, it may be the right time to transfer the mortgage to the new owner. However, this topic requires understanding of how you can make it possible, the challenges and process. This article will help you understand these concepts in detail. Read here more about how mortgage transfer to another person is possible : https://www.drewmortgage.com/mortgage-transfer-to-another-person/

Everyone wants to upgrade the home at some point of time. You might be thinking to update your color pattern with a new paint job or carpeting. There are a lot of ways through which you can improve your home. You may do it right away or might hold the idea due to budget constraints. There are options to finance your home improvements. However, not many people are aware of the options available. This article explores these home improvement options. To read more click here : https://www.drewmortgage.com/finance-home-renovation/