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Showing posts from October, 2022

Fairway Independent Mortgage Corporation Introduces Fairway Express Close

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 Fairway offers a vast variety of home financing products.  This includes purchase and refinance transactions encompassing FHA, VA, Conventional, Jumbo and first-time homebuyer programs.  The capability to e-sign at settlement can expedite the consumer's closing experience. With this robust digital e-closing platform, Fairway is providing clients with a simple and rewarding home loan process. The company's transition to Fairway Express Close is evidence of the recent efforts to continually transform the consumer's home loan experience. "I am so incredibly proud of Fairway for offering us this cutting-edge technology and the opportunity to be an industry leader. The closer, agent and borrowers were extremely impressed by how quickly it went. For them, the thought of only having to spend 10–15 minutes at a closing made them ecstatic. I don't think it is too far reaching to say this could create a few more leads for us," said Branch Manager Kris Heichel (NMLS # 2...

How much down payment do you need to buy a home?

A down payment is a percentage of the total cost of the home you are purchasing that is paid to the seller, with the balance paid through your mortgage. A down payment typically ranges from 3-20 percent of the total home price, though this will vary depending upon the type of loan you qualify for based on your credit history, the type of home, and reason for buying. Fairway Independent Mortgage Corporation offers many flexible down payment options to fit our client’s unique needs! With our various loan products available, qualified borrowers can pay as little as 0-3% down on their home purchase. Of course, the higher the down payment, the lower your monthly mortgage payment will be. A down payment less than 20% typically requires the borrower to pay private mortgage insurance. Pricing Your House Right Is Crucial Even in a Sellers’ Market The price you set for your house sends a message to potential buyers. Price it too low and you might raise questions about your home’s condition or le...