Fairway Independent Mortgage Corporation - Company New England Region USA

If you have a tendency to be forgetful, consider setting up your bills on automatic payment. Keep your credit card balances low. This is the next most important factor in your credit score, so do what you can to keep your debt as low as possible and pay off what you can. Open credit only when you need it. When issuing a pre-approval we check the borrower’s  credit report . If there are any issues revealed, they may need to address them up front, or may simply want to take time to improve their score overall to better qualify. However, borrowers need to be careful about online agencies that offer to fix credit issues. As with so much these days, there are plenty of scammers that try to take advantage of people. A few basics: You are entitled to FREE copies of your credit report You can contact credit bureaus to address issues yourself Legitimate credit counseling organizations exist, and do not charge any upfront fees It cannot be emphasized enough, once a home loa...

We are kicking off the New Year educating potential buyers about the mortgage loan process usa to prepare them for their home purchase. Please take advantage of the information below to prepare yourself. Whether it’s via social media, our website, a shareable e-booklet or flyer, we are here to help you navigate the home loan approval process USA . Home Buying Guide: This e-book is an overview of the home loan approval process including explaining pre-approvals, why to use an agent, important Do’s and Don’ts, financial documents needed, closing costs and more. Easy to share electronically, invaluable to your clients. The Home Loan Process: For first time home buyers alike, the home-buying process may seem confusing, long and overwhelming. While our team is here to help guide and ease you through every step of the home loan process to ensure for a smooth closing, these steps may help clarify some of the confusion for you!  This handy flyer is yours to print an...

When applying for a mortgage loan, there are many different loan products and several factors to consider. One of the key defining factors is whether to choose a fixed or an adjustable rate mortgage, commonly known as an ARM. An  adjustable-rate mortgage (ARM)  is a loan term option with interest rates that can change periodically after the initial fixed-rate period. After this introductory period, monthly payments are susceptible to increases or decreases based on market fluctuations, which can also affect the monthly payment. Here are the pros and cons of adjustable rate mortgage or arm, and the right choice will differ between each borrower and their unique scenario. PROS • Lower initial monthly payments • Possibility to qualify for higher loan amounts • Interest rates and payments may decrease based on the index rate • Good option for buyers who are planning on living in their home for only a few years CONS • Your interest rates could unexpectedly incre...

We are on a collision course with the end of the second decade of the aughts! As the New Year comes rushing at us, let’s take a peek at what the future (or at least 2020) may hold for those of us in the real estate world. CRM’s, AI, E-signatures: Virtual staging, renovations and home tours via AI (Artificial Intelligence), automated lead capture, vetting and responses via CRM’s (Contact Relationship Management), and improvement to and increased adoption of e-sign technology are all big topics for 2020. Click on link for more info. IBuyers: Agents have nothing to fear from IBuyers as they will only serve a small segment of the housing market, and there will always be a demand for live, agent-driven transactions, according to Laura Brady of Concierge Auctions. However, partnering with IBuyer platforms could be an important way to grow business. Read the link to learn more. Heard of the “Silver Tsunami” or “Hipsturbia” yet? You will! Over the next twenty years there will be ...