Drew Mortgage Associates - A Mortgage Company in Boston, MA

Closing day is one of the important stages of the mortgage process. It's a day of joy because you'll become a proud property owner. It's a day every homebuyer eagerly awaits. After experiencing all the stress and anxiety, your dream home will be yours. It's the time for celebration, however, you need to keep some essential things in mind. You'll need to be prepared for the closing day. If you’re not prepared for the closing day, it can become a disaster. You don't want to overlook any details. This blog provides valuable information on : What Should You Expect at a Mortgage Closing

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/

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/

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 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/

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/

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 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/

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 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