Most people need to borrow money to purchase a home. Regardless, there is still a need to have enough cash for a down payment. This can seem like the most daunting part of the homebuying process especially for first-time homebuyers who may have fewer savings…
Fairway Independent Mortgage Corporation is known in the mortgage industry for always being there for our customers and finding them the best product to fit their need. It is important to us that we provide a home loan experience that will make our clients, customers for…
Buying your first home can be nerve-racking because there are so many things you just don’t know having not gone through it. One of the most important factors that will affect your ability to be approved for a home mortgage is your credit. It also…
When you are going through the mortgage process, your Fairway mortgage planner will discuss and explain the loan programs that may be a good fit for you. One possible option they may share with you is buying mortgage discount points, also known as paying “points”. A…
After 2007, many exotic types of loans disappeared as a result of the housing meltdown but conventional loans are still available and, in fact, they have attained a prominent position in the real estate market. The main difference between a conventional loan and other types…
Obtaining a mortgage in 2018 requires much more paperwork than it did 10 years ago. Whether you are ready to apply for a home loan now or you are still in the researching stage, it is helpful to know what you need when you apply….
The down payment – cue the fear-inspiring music. Yes, they can be intimidating. Especially when coming up with enough cash to put down to buy a home is the single largest roadblock for many potential homebuyers. It is helpful to understand the mortgage process…
Fairway Independent Mortgage Corporation has seen a funding increase of 37% over the first seven months of 2018. Fairway funded $15.6 billion, showing a significant boost over the same time period in 2017. To learn more, click here. If you are interested in finding your dream…
We have all seen the commercials for mortgage companies who claim that you can push a button and receive a magically fast mortgage that would be akin to being in a rocket. While exhilarating and potentially fun, traveling in a rocket may be a lot…
Building and maintaining a great credit score is the best way to save money on your mortgage, car loan, and other interest rates. It takes hard work and the ability to make smart financial decisions to keep your credit in good stead. As FICO scores…
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