Fairway Independent Mortgage Corporation - Company New England Region USA

You saved for a down payment, built up your credit, researched your options, put together your real estate team, got pre-approved, found a home, have an accepted offer, submitted all your financial docs, now what? There’s one final step… Next step is your digital closing, with proper social distancing of course! With Fairway Express Close® you can safely close on your home loan remotely while receiving the same speed and service Fairway is known for. Our streamlined closing process gives you a variety of options including a hybrid process (in MA) that allows for a combination of electronic and wet-sign documents as well as a full eClose option (where allowed) where consumers can eSign all documents, including the promissory note, security instrument and notarized documentation with settlement. Fairway is currently an industry leader in digital mortgage closings throughout the United States. Year-to-date Fairway has closed 2,850 loans through eClose and has issued 2,085 eNotes. Thes...

Today we are sharing updates and information that may be of interest to you professionally, and personally. As always, your clients can call us any time to get pre-approved or ask questions about home financing. Currently, the National Association of Realtors® (NAR) is offering the Right Tools Right Now initiative with new and existing products and services free or at significant discounts for members and member associations. The Consumer Finance Protection Bureau along with the Conference of State Banks have several resources available: Consumer Guide-highlights a variety of loan relief options Protecting Your Finances during Coronavirus Pandemic from the CFPB Mortgage and Housing Assistance during the Coronavirus National Emergency-joint housing website with information about CARES Act, rent and mortgages. COVID Related Scams-be aware! And, once again from NAR, here is information related to SBA Cares Act updated as of June 4th. I hope you find this information helpful. Find Fairwa...

According to the National Association of Home Builders, Massachusetts is one of the states with the lowest number of Vulnerable Industries and of High Unemployment-Risk Renters. The housing market here should rebound quickly as more people remain employed and are able to leave rentals and buy homes. According to data from the Mortgage Bankers Association regarding purchases, “…applications have risen every week since April 17 and have improved over that period by an aggregate of 46 percentage points.” Rates are at all-time lows, and home prices are holding steady. If you are thinking of selling your home, now is a great time to list it. The market is competitive with serious buyers prepared to purchase in our inventory starved market place. What to do once you sell? If you are thinking of living in a new location, or unsure where to go next, test drive a new community by renting before you commit. The rental market is one area where there may be plenty of room to negotiate. If you ar...

Restrictions are easing, and we are seeing the real estate purchase market pick back up. If you had been planning on buying a home, now’s the time. Contact us to discuss your options and get pre-approved, then read on to understand the process. Now is the time to get familiar with what’s involved in buying a home. There are many steps, learn more here. The basics are below: Get your credit in order Save for a down payment (you may qualify for a low-down payment option) Know what you can afford, our mortgage calculators can help Get pre-approved Put your real estate team together-lender, agent, attorney Understand what you will need to qualify and close on your new home. You are sure to have plenty of questions, please contact us anytime, we are happy to discuss your options with you and get you pre-approved. All the best to you as we head into summer If you are looking for the best Fairway Independent Mortgage Company in USA, Contact to Us! Source: https://www.fairway-newengland...

Of course, we never closed! Refinance business definitely picked up over the last few months, but it is nice to see the purchase business rebounding now too. We are all going to have a busy summer market, and together we can get through it… According to data from the Mortgage Bankers Association regarding purchases, “…applications have risen every week since April 17 and have improved over that period by an aggregate of 46 percentage points.” Locally, we are already hearing about multiple offer scenarios and homes going over asking price. Last week, our greater Boston branches issued close to the same number of pre-approval letters as this time last year. As business picks up, together, we can give your clients a competitive edge: Remind your buyers to review their credit history and credit score. Guidelines are easing, but still subject to change. We can discuss down payment and closing cost with your clients and explain all the options. We will get your client pre-approved, exp...

This week we are featuring a guest post from real estate experts at the KCM Crew. As always, feel free to contact us with any questions or to get pre-approved before you begin your home search. Some Highlights Staying at home doesn’t mean your search for a new place needs to come to a standstill. Check out these tips on how to explore other neighborhoods virtually in the homebuying process. You may find a spot that better suits your needs without ever leaving your living room! Let’s connect today so you have help with all of the additional steps along the way, and you’re ready to make your next move. If you want to know more about Fairway Mortgage , Visit https://www.fairway-newengland.com/blogs/how-to-test-drive-a-neighborhood-while-sheltering-in-place