90 likes | 107 Views
As the world is going digital, applying for mortgage loans have become easy. However, not many people trust online methods of loans & mortgage. In this presentation, Drew Mortgage, one of the leading Massachusetts mortgage companies, has shared the pros & cons of online mortgage services. Read now! <br>https://www.drewmortgage.com/is-applying-for-a-mortgage-online-a-good-idea/
E N D
Introduction • We are living in a digital era. • Everything is available to us at fingertips via smartphones. • Taking loans has also become easy through bank/loan providers’ apps. • Drew Mortgage, a leadingMortgage company in Massachusetts, has shared their views on online mortgage policies. • Is it safe to apply for a mortgage online? Let’s find out.
THE PROS OF DIGITAL MORTGAGE • Lower Interest Rates And Fees • Online mortgage interest rates are low and charge fewer fees. • This is due to no extra expenses, like office property, staff maintenance, etc. • However, the top interest rate is based on the loan to value ratio. • You can try your luck with the best prices always.
THE PROS OF DIGITAL MORTGAGE • Easy Approvals And Loan Management • Applying for a home mortgage is very easy online. • You can do it with a few clicks, good for busy people. • Enter your details online, get a credit score check, get the approval online. • Manage all the loan related banking activities via an app. • It’s simple; it’s quick.
THE CONS OF DIGITAL MORTGAGE • Not A Common Preference • Most people prefer a physical meeting and contact point for a mortgage. • Online Mortgage is gaining popularity most amongst millennials. • Older generation prefers to have a one to one consultation. • People may make their first move online, but prefer a contact person to proceed. • For a secure way, book consultation online to arrange a meeting. • This may be time-consuming for people, but reliable.
THE CONS OF DIGITAL MORTGAGE • Difficult to approach • Role of a mortgage company does not end with mortgage approvals. • You may need to reconnect for payment issues, legal hurdles or more. • In such cases, the online mortgage becomes very tricky. • People prefer to talk to mortgage experts rather than bots. • Connecting for assistance may challenge your patience.
RESEARCH IS THE BEST SOLUTION • An online mortgage can save a lot of time; give you better interest deals. • On the other hand, a traditional mortgage is a safe option for many. • It is a matter of personal choice as the online mortgage is also secure in most cases. • Research thoroughly on Massachusetts mortgage companiesto get the idea. • For the first time home buyer programs MA, Connect to Drew Mortgage. • We have the best mortgage options and excellent consultation support.
DREW MORTGAGE BRANCH OFFICES: Drew Mortgage Associates 196 Boston Turnpike Road, Shrewsbury, MA 01545 Phone: (508) 753-1656 Peabody Mortgage Lenders Boston Mortgage Lenders 1 Mt Pleasant Drive Peabody, MA 01960 232 Commercial St.Boston, MA 02109 Phone : (978) 750-1080 Phone : (617) 523-3060