Drew Mortgage Associates - A Mortgage Company in Boston, MA

Many people have to go through a process of prequalification and preapproval when they are ready to buy a home. However, they often get confused between these terms. Check this blog by Drew Mortgage Associates, one of the best Massachusetts Mortgage Companies , to understand Mortgage Preapprovals Vs Mortgage Prequalifications better. Read now!  

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/

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/

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/

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/

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

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