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Questions? We’ve Got You Covered!
Explore our FAQ section to find answers to your crucial queries about financing and loans. Gain insights and make educated choices for your financial journey.
What mortgage options are available?
We offer a range of mortgage solutions: conventional, FHA, VA, and USDA loans. Conventional loans aren’t government-insured, FHA loans are supported by the Federal Housing Administration, VA loans cater to veterans, and USDA loans are for borrowers in rural areas.
How much can I qualify for?
The mortgage amount you can qualify for depends on factors like your income, credit score, and debt-to-income ratio. Our expert advisors will assess your financial profile and help you determine your maximum loan eligibility.
How do fixed-rate and adjustable-rate mortgages differ?
A fixed-rate mortgage offers a consistent interest rate throughout the loan term, ensuring stable monthly payments. An adjustable-rate mortgage (ARM) starts with a fixed rate but can adjust periodically, potentially leading to lower initial rates that may vary over time.
What paperwork is required for a mortgage application?
For a mortgage application, you’ll generally need identification (driver’s license, passport), proof of income (pay stubs, tax returns), bank statements, employment verification, and details about your assets and debts. Our team will assist you in gathering all necessary documents.
Contact Us
Reach out to Boston Financial Management for customized loan solutions.