Drew Mortgage Associates - A Mortgage Company in Boston, MA

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 .

It's important for you to understand what an FHA 203k Rehab Loan has to offer, so that you can benefit from the loan. You won't be able to leverage an FHA 203k Rehab Loan unless you understand every aspect. An FHA 203k Rehab Loan is a loan that has the potential to make a fixer-upper become your ideal dream home. You may have found a home that looks like your dream home, but requires restoration. This is where you can leverage the FHA 203k Rehab Loan. An FHA 203k Rehab Loan adds value to a fixer-upper.  This blog provides valuable information on : How to Leverage your FHA 203k Rehab Loan .

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/

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/

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/

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/

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 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/

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/