Fairway Independent Mortgage Corporation - Company New England Region USA

With the holiday season fast approaching, now can be a great time to bring up plans for potential improvements – both financially and within our home life. Here we provide some useful tips on how to discuss and create a joint plan for your family’s financial future and to work collectively in small ways towards reaching your goals. If homeownership is one of your goals, we are happy to discuss your options and provide the Fairway Advantage Pre-Approval™* so you can make a strong offer when the time comes. CARVE OUT TIME FOR A PRODUCTIVE CONVERSATION While you are just about to sit down to a big fancy dinner with all of your relatives probably isn’t the best time to bring up any long-standing financial issues (or groundbreaking resolutions you’ve come up with) to your kin. The subject of finances is a sensitive one – it can be personal or seem intrusive to some and is best discussed when all parties have a little bit of time to mentally prepare and adjust to the concept. A better approa...

The affordability of existing single family homes may be trending in the right direction for homebuyers. If you are considering buying a home this fall, be sure to get your Fairway Advantage Pre-Approval™* with us so you can make a strong offer! After hitting a one-year low in June, the Housing Affordability Index improved in both July and August, according to data from the National Association of Realtors® (NAR). The affordability index measures the ability of a family earning the median income to buy a median priced existing single-family home in a given area. A value of 100 means the median income is exactly enough to qualify for a mortgage on a median-priced home. Values above 100 indicate that the median income is more than enough to buy a median-priced home. After bottoming out at 146.5 in June, the nationwide index rose to 150.6 in July and 151.3 in August — a good sign for homebuyers since higher index scores represent more affordable homes. Whether this is trend or mirage rema...

 While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for your dream home. If you find yourself a bit discouraged, hear this: there are clear signs buyers may have more opportunities this fall. Let’s connect to get your Fairway Advantage Pre-Approval™* so you can make a strong offer. According to realtor.com, the sweet spot for buyers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years. When applied to the current market, experts determined the ideal week to buy a home this year. The research says: “Nationally, the best time to buy in 2021 is the week of October 3-9. This week historically has shown the best balance of market conditions that favor buyers.” So, what’s that mean for you...