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Mike Rice, "The Mortgage Guy" (New Fed Mortgage) Mortgage and Lending

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5,633

Mike Rice
"The Mortgage Guy"
location_on Danvers, MA — New Fed Mortgage
MLO47904
Get to Know Mike Rice

About NewFEDTM Mortgage

Our History

New FED Mortgage Corp was founded in 2001 and quickly grew to become a full service lender to offer great products and great rates in the areas of Massachusetts, New Hampshire, Rhode Island, Maine and Florida.

New FED Mortgage puts an emphasis on customer service and has not had one customer complaint from the Better Business Bureau since its inception. The reason for this is the quality of person that New FED Mortgage Corp hires and the sense that customers come first.  Our highly skilled loan officers offer a personalized, high tech, high touch approach to lending. 

Culture

At New FED Mortgage Corp., We have built and managed to maintain a family atmosphere where everyone respects everyone else for what they bring to the table. "We spend more time at work than with our families. We better enjoy the people we surround ourselves with" says President Brian D'Amico who understands the importance of culture and work environment.

Products

Our tagline "Mortgages for every stage of your life" holds true and is a driving force to offer the best products for your new home, 2nd home, or Investment Property.  We offer a wide array of options for Commercial Loans as well as Reverse Mortgages for anyone over the age of 62. 

Working through Referral

New FED Mortgage Corp's strategy is to offer great rates and service to all of its customers and in turn they will refer us to their family and friends.  By continually operating with our clients needs first, we will continue to grow. 

Certifications

 Conventional Financing, FHA, FHA203K, VA Loans

Testimonials
Dan Rutherford
09/04/2013
I have done a new mortgage as well as 3 refinancings with Mike. I recently closed on a VA refinancing and things couldn't have gone smoother. Mike took the stress out of the process and made everything easy for us. I would highly recommend Mike to anybody buying or refinancing a property
Matt York
09/03/2013
To whom it may concern, It is my pleasure to write this letter of recommendation for Michael Rice, our "mortgage guy." Mike was referred to my wife and me by a Realtor just as we began the home-buying process. Although we went with another Realtor, we decided to stick with Mike to secure and service our mortgage, and we're glad we did. Mike has been nothing but gracious and helpful throughout this process, which, for first-time home-buyers, can be confusing and scary. Mike was able to take our information over the phone, pre-approve us, and provide tailored pre-approval letters throughout the bidding and negotiation phases. After our offer was accepted on our first and only home, Mike took care to guide us through the next steps of the process -- from preparing for Purchase and Sales, to the inspection, to the appraisal, to getting insurance, to getting the needed paperwork submitted when we needed to submit it. Anytime we had a question or concern, Mike was a phone call away and usually had an immediate answer. If not, he got back to us within 12 hours and put our minds at ease. Fast, responsive, flexible, gracious, and good-natured, Mike was there throughout the process -- day and night -- to make sure we had what we needed. Even at closing, when my wife and I thought we were done asking loan and tax questions, Mike offered to answer any subsequent questions we'd inevitably have. Sure enough, we had questions weeks and even months later, and Mike was just as reachable, helpful, and gracious as ever. Even now, when we think we've asked him our last question, something comes up and Mike's on hand to explain or resolve it. I highly recommend Mike Rice to anyone looking for a mortgage. When you have a question and pick up the phone, Mike will answer and help you through the process. Sincerely, Matt York
Matt Clerc
08/07/2013
Manager Advanced Concepts Aug 7, 2013 My wife and I bought our first home last year using a company we found online who advertised a low rate. What a nightmare!!!!! It was an awful experience that I regretted terribly. When we decided to refinance for a lower rate, we were introduced to Mike through a colleague at work. Mike was extremely easy to work with and more importantly, extremely honest. He gave us advice on our options without trying to sell himself or his company. Likewise, he didn't try to hide any of the finer points of the mortgage business (points, closing cost, etc). What a novel concept!!!! Someone with integrity, who you can trust, and more importantly willing to take time to thoroughly answer your questions and walk you through each step of the process. He made us feel at ease and even dealt with my continuous stream of most assuredly annoying questions. I tend to be skeptical of peoples' intentions, particularly when they have a vested interest in you selecting their services. With Mike, my skepticism quickly disappeared. I would highly recommend utilizing Mike's services. I have even directed other satisfied customers his direction since my re-fi.
Eric Schiowitz
07/30/2013
I've had the pleasure of working with Mike Rice for my last 3 mortgages. He's the first person I think of when considering a home purchase or refinance. Not only does Mike ensure the process goes smoothly and takes all the necessary steps, he displays a unique passion for what he does. He is continually attending trainings, seminars and other industry-related events to strengthen his knowledge and further educate himself. This is clear to see when speaking with him about your options when considering a mortgage. Mike communicates well and does not make you feel lost in the process which is a difficult task in his line of work. He makes himself available at all times which is so important in today's world. In closing, if you are looking for someone who will work hard to get you the best rates and options for your particular situation, Mike is the guy. I look forward to working with him on my next refinance or loan.
Atty Michael Callahan Sigman Law
07/24/2013
I find that Mike does a thorough job during the application process, which leads to an smooth closing. It is refreshing to find a loan originator as detail oriented as Mike. I find it a pleasure to work with him.
Jason gerry
07/17/2013
Mike was fantastic at laying out all options for our home refinancing. He gave us a clear picture of what to expect going into the process and what to watch out for as we moved forward. He worked incredibly hard to get the best refinance situation for me and my family
Jeff Bettencourt
07/09/2013
I have refinanced multiple times with Mike over the years. He is honest, professional and really takes the time to understand my situation. On top of providing good service and fair prices, he is trustworthy and reliable, which is ultimately why I keep coming back to Mike. I have recommended him to my family, friends and colleagues (many of whom have also worked with Mike multiple times as well). I highly recommend Mike.
Doug Norberg
06/10/2011
I've hired Mike personally to assist me with my own personal mortgages, he does a great job! I've also introduced Mike to a number of my own clients because of the confidence I have in his expertise and professionalism. There are a lot of mortgage brokers in the business and its hard to know who to trust, I always endorse Mike because he always does what is in the best interest of his clients