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Showing posts from July, 2020

What does a seller’s market mean

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As the real estate purchase market picks back up, we are once again in a “seller’s market” meaning the demand is outpacing supply, which can lead to multiple offers at or above asking price. Let’s discuss your current mortgage and options before you make a decision about selling your current home. If you are considering placing your home on the market, please download this Sellers Guide or contact to Fairway Mortgage as a reference, and feel free to discuss your future home purchase options with us. Ref.Source: https://www.fairway-newengland.com/blogs/what-does-a-sellers-market-mean

Questions answered for First Time Home Buyer

If you are a First Time Home Buyer-congratulations! Owning your own home is an important step towards financial independence and wealth building. Below are resources to help you understand the process from beginning to end. As always, we are here to answer your questions anytime. There are many steps in the home purchase process, from saving for a down payment and improving your credit score, to understanding exactly what goes into a mortgage payment. Please download this custom e-book to help prepare and guide you through the loan process. We are happy to answer any questions you have, discuss down payment options, and get you pre-approved once you are ready to purchase. Let’s get started! If you are First Time Home Buyer and want First Time Home Buyers Guide then Contact to Us!

Why home purchase is our priority?

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Fairway is prioritizing purchase business right now. What does that mean for you and your clients? Fairway Mortgage has always been a “purchase first” mortgage company. What this means for your clients is fast turn times, fully digital process from pre-approval to Express Closing® and… Fairway Fast Lane program-an underwritten pre-approval Communication throughout the loan process with clients and both agents Our national strength plus local processing and underwriting working for you The Scotsman Guide has ranked Fairway in the following categories for 2019: 2 in Retail Volume 5 in top overall volume 3 in FHA volume 6 in VA volume Read what our clients have to say! We always welcome the opportunity to put Fairway’s national strength and home town service to work for you and your clients. Fairway Fast Lane Program pre-approval is based on a full review of borrower’s creditworthiness and is contingent upon there being no material changes in the borrower’s financial condition or cr...

Low Down Payment Options at Fairway

There is pent-up demand for home ownership, as this article highlights. Many eager to purchase still believe they need 20% down to apply for a mortgage, and subsequently may see home ownership as out of reach for them. However, there are many low down payment options available for qualified borrowers, get the facts below. There are a variety of low down payment options available in MA and surrounding states for borrowers that qualify. Down Payment Assistance Programs: This comprehensive site has links to low down payment programs in each state. Mass Housing Partnership: A statewide non-profit that works to help increase affordable housing, this site offers state wide resources for affordable housing programs. HUD.GOV: Offers information on all types of home ownership assistance programs and organizations by city or town. We are happy to discuss these options with your clients, answer their questions, and work with them throughout the home buying process. Thus, If you are looking f...

Buy Home where Your office

Many of us had to just “make-do” when the stay-at-home orders hit, and work wherever we could find a spot: the couch, bed, closet, garage, all passed for offices in the short term. Longer term, want to upgrade to a home with an actual office? Give us a call, we are happy to discuss your financing options. Since many of us are now WFH (work-from-home) permanently or at least for the foreseeable future, it may be a good time to re-assess the quality of our home office, and invest in some upgrades. Let’s get comfortable! This comprehensive list from Wired includes everything from office furniture to laptop stands to tech gadgets. Consumer Reports weighs in with ideas about increasing your bandwidth, webinar and work management platforms. Let your imagination go wild with these decorative design ideas for your home workspace. If you decide that your current home is just not sufficient to accommodate your needs, no matter what they are, please let us know. We are happy to talk through you...

Protect your financial health

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While we are all focused on physical health and well-being at this time, below we provide resources to help maintain financial health and well-being, too. If you have questions specific to your mortgage or an upcoming home purchase, please reach out to your loan officer directly. The Consumer Financial Protection Bureau and the Conference of State Bank Supervisors have released several helpful resources for consumers related to mortgage and other loan relief options. Consumer Guide-highlights a variety of loan relief options Protecting Your Finances during Corona virus 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! We hope you find these resources helpful-stay well. Contact Fairway Independent Mortgage Corp ! Ref.Source: https://www.fairway-newengland.com/blogs/protect-your-financial-health-too