Drew Mortgage Associates - A Mortgage Company in Boston, MA

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/