Drewmortgage (1)

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• Introduction
• Buying a home is no cakewalk.
• There are many aspects that a home buyer needs to
  understand.
• Most people remain unaware of the mortgage
  benefits, terms conditions.
• Choose mortgage lenders in Massachusetts for a
  better understanding.
• Never stay in doubt before getting the mortgage
  process done.
• Heres a list of questions to ask your mortgage
  lender.
• Read More - https//www.drewmortgage.com/question
  s-to-ask-your-mortgage-lender/

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• What rates do you generally offer?
• Mortgage lenders have a range of interest rates.
• They dont claim rates without checking the
  financial background
• Mortgage lenders only share general rates in the
  initial phase.
• They check your existing debts, source of income,
  annual income, and more.
• Their team verifies information only after you
  agree to apply for the mortgage.
• Hence, getting a general rate idea is crucial.

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• How does my credit score affect my mortgage loan
  approval?
• A credit score reflects a person's
  creditworthiness or potential to repay the debt.
• A strong credit score shows that a person has a
  positive financial background.
• It reflects that an applicant can repay the debt
  without any problems.
• There are different credit score criteria for
  other mortgage loan plans.
• Make sure you check which is the most suitable
  option for you.

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• How long does the loan process take?
• Every mortgage company has its policies,
  agreements, and processing time.
• Make sure you have enough time between financing
  and purchasing a home.
• The best idea is to get pre-approval.
• It will save you time and avoid lots of stress
  due to lack of time.
• Typically, it takes around 30 days for
  refinancing a home.

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• What fees are included in the approved loan?
• Don't be shy ask upfront about all the fees
  included in your mortgage.
• Sometimes, the additional fees are rolled into
  the mortgage.
• Be aware of the fees that you will need to pay in
  the future.
• Feel free to ask your mortgage lender.
• They will also help you with the right
  information.

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• Do you need mortgage insurance?
• Yes, mortgage insurance exists.
• It depends on the loan amount and the type of
  loan you apply for.
• Your mortgage lender will outline your financing
  situation.
• It will give an idea if you need mortgage
  insurance.
• Try to eliminate the need for such mortgage
  insurance in the future.

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• How much down payment do I need to do to purchase
  a home?
• Mortgage Loans cover a big amount of the total
  property cost.
• Be ready to cover finances such as
• Down Payment
• Deposit Money
• Closing Costs such as refinancing, processing
  fees, etc.

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• The list of questions is endless.
• There are many things to consider when opting for
  a mortgage loan.
• Are you looking for a mortgage lender in
  Massachusetts?
• Drew Mortgage Associates is a leading
  organization with expert mortgage associates to
  help you qualify for a mortgage loan that is
  perfect for you.
• Get in touch with us today!

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DREW MORTGAGE BRANCH OFFICES Drew Mortgage
Associates 196 Boston Turnpike Road, Shrewsbury,
MA 01545 Phone [phone] Peabody
Mortgage Lenders
Boston Mortgage Lenders 1 Mt
Pleasant Drive Peabody, MA 01960
232 Commercial St.Boston, MA
02109 Phone [phone]
Phone
[phone]
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