Thank you for visiting Drew Aiello's web site.  This is not the official Homestead Funding web site and should not be confused as such.  At one point in time you could have found some cool tools, calculators, loan information and an on-line loan application here.  Since such incredible federal regulation has been piled on the mortgage industry, we had to take it all apart.

For information on Homestead Funding Corp and Drew Aiello, CLICK HERE

Drew Aiello has been an outstanding member of the Capital Region's mortgage industry for the past 16 years and is currently a Licensed Senior Mortgage Originator with Homestead Funding Corp. 

Drew graduated from Boston University with a major in economics and a minor in money and banking.  He began his financial services career with Smith Barney and other Wall Street firms as a stock broker in Boston until moving back to the Capital District in 1994.  

He has served as President of the Upstate New York Creditor’s Association for the past three years and now presides as one of their board members in addition to being a member of the National Reverse Mortgage Lender’s Association.  Drew is also an active speaker and educator for older home owners seeking advice and information on reverse mortgages. 

He has become a leader in the mortgage industry by combining his previous financial expertise into his mortgage practice by insuring that each client’s mortgage needs are incorporated into their overall financial plan by consulting with his clients financial advisors, attorney’s and CPA’s.  It is important to Drew that all his client’s mortgage needs work in unison to secure the most efficient path for saving for their children’s educational needs and for their retirement goals.  Whether it is your first home, second home, investment property or commercial property Drew will work with you to provide the best financing options currently available.   

Drew is married to his wife of 12-years, Lisa, and has two children ages 10 and 5. Drew enjoys golfing, tennis, skiing and taking his son to baseball games. 

If you have a few minutes to read my weekly newsletter, please click on the link below.  For a free subscription to the newsletter, complete the contact form and request or send me an email.

Freddie Mac's Primary Mortgage Market Survey® (PMMS®) surveys lenders each week on the rates and points for their most popular 30-year fixed-rate, 15-year fixed-rate, 5/1 hybrid amortizing adjustable-rate, and 1-year amortizing adjustable-rate mortgage products. The survey is based on first-lien prime conventional conforming mortgages with a loan-to-value of 80 percent. In addition, the adjustable-rate mortgage (ARM) products are indexed to U.S. Treasury yields and lenders are asked for the both the initial coupon rate and points as well as the margin on the ARM products.

Since April 1971, Freddie Mac has surveyed lenders across the nation weekly to determine the average 30-year fixed-rate mortgage rate; in 1984, the 1-year ARM was added to the survey and the 15-year fixed-rate mortgage rate was included beginning in 1991. In January 2005, Freddie Mac added a 5/1 hybrid ARM series to the survey. Currently, about 125 lenders are surveyed each week and the mix of lender types – thrifts, credit unions, commercial banks and mortgage lending companies – is roughly proportional to the level of mortgage business that each type commands nationwide.

The survey is collected from Monday through Wednesday and the results are posted on Thursdays. Average rates and points (and margin for ARMs) for each product are reported for the nation and the five Freddie Mac regions. The PMMS results are published extensively in the media, used in several government agency reports, and many other industry-related publications. For example, the Federal Reserve Board includes the average 30-year rate on its list of Selected Interest Rates (Statistical Release H.15) as the measure of conventional mortgage rates.

The Primary Mortgage Market Survey has evolved into the foremost reliable, representative source of regional and national mortgage rate trends and is relied upon by the mortgage industry and the public in gauging market conditions and evaluating mortgage loan options.

CLICK HERE TO VISIT FREDDIE MAC'S PRIMARY MORTGAGE MARKET SURVEY

Drew is part of the "Answers Team" at WRGB CBS 6 in Albany NY.  You will find several of your mortgage questions answered in his informational dialogue with other local experts.  As we grow this site we will add direct links to the video content in the Video Library section....for now CLICK HERE to visit the Answers Team page.
When you get to the page, just search Drew Aiello and the video links will be listed.