Fairway Independent Mortgage Corporation - Company New England Region USA

No doubt the local housing market is competitive, but don’t get discouraged. We can help you strengthen your offer and make sure your pre-approval is current. In today’s housing market, there are clear financial benefits to owning a home: increasing equity, the chance to build your net worth, and appreciating home values, just to name a few. If you’re a renter, it’s never too early to think about how homeownership can propel you toward a stronger future. Here’s a dive into three often-overlooked financial benefits of homeownership and how preparing for them now can steer you in the direction of greater financial security and savings. You Won’t Always Have a Monthly Housing Payment Personal finance advisor Dave Ramsey explains: “Every payment brings you closer to owning the house. When you pay your rent, that money is spent. Gone. Bye. Not returning. But when you pay your mortgage, you work toward full ownership.” As a homeowner, you can eventually eliminate the monthly payment you make...

Do I really need a 20% down payment to buy a home? The most daunting part of buying a home is saving for the down payment. However, there are more options than you may realize. Contact us to discuss your goals, and if you are ready, get pre-approved. Be sure to read on for more information regarding down payment options. Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you have to come up with 20% of the total sale price for your down payment. This means people who could buy a home may be putting their plans on hold because they don’t have that much saved yet. The reality is, whether you’re looking for your first home or you’ve purchased one before, you most likely don’t need to put 20% down. Here’s why. According to Freddie Mac: “The most damaging down pay...

If you hadn’t heard, Tom Brady’s house in Brookline finally sold-congratulations to the new owners! If you are trying to sell your home this winter, you’ll want to present it in its best light, despite the snow, cold and grey winter weather. Staying put? Then you may want to talk to us about refinancing-so get in touch! If you are selling your home in the winter, even in this seller’s market, you are going to want to present your home at its best, highlight certain features, and make people feel welcome. Here are some ideas: Clear the walkway of snow and ice-goes without saying! Light it up-turn on lamps for ambience on your living room, overhead lights to showcase your kitchen and bath. Make sure outdoor lighting is strong, especially when it gets dark early. Warm it Up-make sure the heat is on and your home is cozy and warm. Shoes on or off? Be sure to have a sturdy rug by entre way for wiping off snowy shoes. Your agent should provide shoe coverings for open houses and showings. Mak...

It’s early winter and the market is…on fire?! Strange but true! We want to be sure your clients are ready to make a strong offer, and make their home purchase as smooth as possible. We are  ere to help, so be sure to have your clients get pre-approved with us, first. Your clients need to be ready to act quickly, while also remaining patient and engaged throughout what may be a protracted home search. Here is what we can do to help them, and you!     We will review their finances with them, and make sure they understand what they can truly afford     We will identify any credit issues, and explain how credit impacts home buying     We will explain the loan process, and the do’s and don’ts     We will getting pre approved for a home loan in USA and explain how to make their offer competitive Finally, here are some reminders to help your clients stick to their budget and priorities while inventory is low and the search may t...

As you begin your home search, you may have questions about your credit- for example, if getting pre-approved will impact your credit score. Below you’ll find helpful credit related information and links. We would highly recommend a conversation before you begin your process to assess your financial picture overall.  As always, we are here to help. Some of the most frequently asked questions we get regarding credit include:     Will pulling credit impact my score?     Where does the score come from?     What credit score do I need to qualify for a loan? As part of the pre-approval process (which is different from a pre-qualification) your credit will be pulled by your lender. This credit inquiry will result in a minimal, short term dip in your score. Your credit score for home loan is determined by five factors: payment history, outstanding balances, length of credit history, types of credit and new inquiries. Your credit score can rang...