Common Frequently Asked Questions Regarding Mortgages

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Frequently Asked Questions About FHA Loans FHA
FAQ's
Drew Mortgage Associates
2
What Is The FHA?
The FHA is the Federal Housing Administration A
United States government agency that offers
mortgage insurance to FHA-approved lenders 
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Who Can Benefit from FHA Loans?
Borrowers with low income or credit scores can
benefit from an FHA loan. The FHA will cover the
loan payments if the borrower defaults on a
payment. 
4
How Can a FHA Loan Help With Buying a Home? 
The FHA provides mortgage insurance to borrowers,
so that they can easily obtain a loan from a
lender, while putting less money down than a
traditional mortgage. 
5
What Is Mortgage Insurance? 
Mortgage insurance is an insurance policy that
protects mortgage lenders and helps compensate
lenders or investors for losses when borrowers
are unable to pay back their loans to the
lenders. 
6
Will I be able to refinance my existing FHA loan?
Yes, existing customers can refinance their
current mortgage loan.
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Do you have more questions on your mind
regarding FHA loans. Get more details
at- https//www.drewmortgage.com/top-5-frequently-
asked-questions-fha-loans-fha-faqs/
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DREW MORTGAGE BRANCH OFFICES
Drew Mortgage Associates 196 Boston Turnpike
Road Shrewsbury, MA 01545 Phone
508-753-1656 Website https//www.drewmortgage.com
/
Peabody Mortgage Lenders 1 Mt Pleasant
Drive Peabody, MA 01960 Phone [phone]
Boston Mortgage Lenders 232 Commercial St Boston,
MA 02109 Phone [phone]
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If youre looking for a mortgage lender in MA for
an FHA home loan,  Drew Mortgage Associates can
help you!
THANK YOU