Fairway Independent Mortgage Corporation - Company New England Region USA

We are kicking off the New Year educating potential buyers about the mortgage loan process usa to prepare them for their home purchase. Please take advantage of the information below to prepare yourself. Whether it’s via social media, our website, a shareable e-booklet or flyer, we are here to help you navigate the home loan approval process USA . Home Buying Guide: This e-book is an overview of the home loan approval process including explaining pre-approvals, why to use an agent, important Do’s and Don’ts, financial documents needed, closing costs and more. Easy to share electronically, invaluable to your clients. The Home Loan Process: For first time home buyers alike, the home-buying process may seem confusing, long and overwhelming. While our team is here to help guide and ease you through every step of the home loan process to ensure for a smooth closing, these steps may help clarify some of the confusion for you!  This handy flyer is yours to print an...

When applying for a mortgage loan, there are many different loan products and several factors to consider. One of the key defining factors is whether to choose a fixed or an adjustable rate mortgage, commonly known as an ARM. An  adjustable-rate mortgage (ARM)  is a loan term option with interest rates that can change periodically after the initial fixed-rate period. After this introductory period, monthly payments are susceptible to increases or decreases based on market fluctuations, which can also affect the monthly payment. Here are the pros and cons of adjustable rate mortgage or arm, and the right choice will differ between each borrower and their unique scenario. PROS • Lower initial monthly payments • Possibility to qualify for higher loan amounts • Interest rates and payments may decrease based on the index rate • Good option for buyers who are planning on living in their home for only a few years CONS • Your interest rates could unexpectedly incre...