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Updated by Fairway Mortgage on Nov 23, 2022
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Home Renovation Loan

With a home renovation loan, you can roll the cost of financing or refinancing a home and repairs into one loan – saving you time and money.

Get renovation loan for making dream home

HomeStyle renovation loan or renovation mortgage cover costs of repairs remodels, renovations or energy-efficient improvements on a primary residence, a second home or an investment property.

When shopping for a home, you may come across properties that aren’t quite what you’re looking for but have the potential to be your dream home with some repairs or renovations. With a home renovation loan, you can roll the cost of financing or refinancing a home and repairs into one loan – saving you time and money. https://www.fairway-newengland.com/renovation/

The Biggest Perk for Buyers: Low Mortgage Rates

Best mortgage rates today are a plus for buyers right now, but experts forecast we’ll see them continue to rise as the year goes on. If you’re ready to purchase a home, it’s wise to get started on the process soon so you can secure today’s comparatively low rate. https://www.fairway-newengland.com/fixed-rate-mortgage

What’s up with the market of real estate?

You may have heard that rates have dipped the last two weeks, and the lack of inventory is keeping this seller’s market competitive. Like you, we are seeing bidding wars, accepted offers well over ask, and of course the thorny issue of appraisals. We are here to partner with you on each transaction, to make your client’s offer the strongest one, and to get them to the closing table-just ask us how to get mortgage pre approval in USA.

It goes without saying that your buyers should get a pre-approval before they begin their home search!

Put your buyers in the Fast Lane* with an underwritten pre-approval (pending appraisal) before they even begin house hunting. Once they find their dream home, they can go under contract, order the appraisal, and be on their way to closing in no time!

No need to worry about where rates are headed with our Lock, Shop & Go program which allows your buyers to secure today’s interest rates while they shop, and adjusts the rate if it goes lower.

Be sure to discuss appraisals up front with your clients.

And-as Fair Housing month comes to an end, it is important to remember that we are all “…stewards of property right efforts…” year round. Here are some business best practices to help comply with the law. So, If you are looking for Fairway Independent Mortgage Company, Contact to Us!

Source By: https://www.fairway-newengland.com/whats-up-with-the-market/

Reverse Mortgages for Purchases

An H4P (a type of HECM backed by the FHA) enables senior homebuyers to purchase a new primary residence that better suits their needs and obtain a reverse home mortgage in one transaction. You can use an H4P if they are able to use cash on hand to pay the difference between the HECM proceeds and the sales price plus closing costs for the property they are purchasing.

“Homebuyers—interest mortgage rates today are still historically low, though they are inching up. Housing prices have spiked during the last six-to-nine months, but we don’t expect them to fall soon, and we believe they are more likely to keep rising. If you are looking to purchase a new home, conditions now may be better than 12 months hence.”

If you’re concerned about making the decision to buy or sell right now, let’s connect to discuss with Fairway Mortgage what’s happening in our local market.

Where The Housing Market is Headed

It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. Experts weigh in below. If you have questions about the market, refinancing or selling your home, we are here to discuss your options with you.

Is there still time to refinance?

Home Refinancing is the process of replacing an existing mortgage with a new loan. Mortgage refinance lower interest rate or change loan program from an adjustable rate mortgage to a fixed-rate mortgage. https://www.fairway-newengland.com/refinance/

5 Things Homebuyers Need To Know When Making an Offer

When it’s time to make an offer, it’s important to consider not just what you need, but what the seller may need too. Let’s connect to get your Fairway Advantage Pre-Approval™* so you can make strong offer.

How to Get Connect With Best Independent Mortgage Company

Fairway Independent Financial Mortgage Corporation, Company in New England Region helps to find a New England branch and loan officer near you. We help you to finance your next home. You can access pre-qualifications, applications and mortgage calculators. https://www.fairway-newengland.com/

First Time Home Buyers Guide?

Are you thinking of purchasing your first home in the near future? Congratulations! Buying a home can be exciting and overwhelming, but we are here to guide you every step of the way. Getting Pre-Approved is the process of determining how much money you will be eligible to borrow before you apply for a loan. https://www.fairway-newengland.com/first-time-homebuyer/

How can mortgage lenders change to better serve the current demographic?

First Time Home Buyer Down-Payment Assistance Programs and Grants. There are many grants and down payment assistance programs for first-time buyers. Choose Fairway New England for Best and easy process. https://www.fairway-newengland.com/first-time-homebuyer/

How Reverse Mortgage Works in USA

Fairway Independent Financial Mortgage Corporation, Company in New England Region helps to find reverse mortgage information USA. You can access pre-qualifications. Find the reverse mortgage loan interest USA

Fha home loan and mortgage requirements and its rates USA

The Federal Housing Administration, generally known as FHA, provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. https://www.fairway-newengland.com/fha/

The Best Way to Refinance Your Mortgage

Home Refinancing is the process of replacing an existing mortgage with a new loan. Mortgage refinance lower interest rate or change loan program from an adjustable rate mortgage to a fixed-rate mortgage

Get The Best Information About Buying a Home in Rural Area

When purchasing a property in a rural area, find out what your options are for internet connectivity. Most of the rural areas might be served only by dial-up or satellite broadband. https://www.fairway-newengland.com/usdarural-development-loans/

What is an adjustable rate mortgage USA?

An adjustable-rate mortgage, also called an ARM, is a home loan with an interest rate that adjusts over time based on the market. https://www.fairway-newengland.com/adjustable-rate-mortgage/

Are You Looking to Refinance Your Home Loan USA?

Before you travel down the process of refinancing path, it is important to pause and evaluate the entire process. You may experience hassles if you proceed without knowing what exactly you are getting yourself into. Following a planned way and all the information you need on hand will help you get best Refinance Home Loan USA needs. Below are a few tips to make right refinance decision and help you chose the lowest interest rates.

Mortgage Home Loan Calculator

Fairway mortgage calculators will assist you in determining how much mortgage you can afford and which mortgage product could be best suited for you. While the mortgage loan calculator will aid you in the process, the results are estimated based on the information that you provide, and cannot be guaranteed. The best way to figure out exactly which mortgage product fits you best is to contact a loan originator.

More About Reverse Mortgage Requirements in usa

Fairway Independent Financial Mortgage Corporation, Company in New England Region helps to find reverse mortgage information USA. You can access pre-qualifications. Find the reverse mortgage loan interest USA

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First Time Home Buyers Guide in usa ?

First Time Home Buyers Guide in usa ?

Are you thinking of purchasing your first home in the near future? Congratulations! Buying a home can be exciting and overwhelming, but we are here to guide you every step of the way. Here is helpful information for First Time Home Buyers Guide in usa , and be sure to download our comprehensive

How Can I get Pre-Approved Mortgage?

Obtaining a pre-approval is a straightforward process. At Fairway, it can be done in three easy steps.

Fill out a short online application
Send the required financial documents through our secure, encrypted system
Review all information with a loan officer, and then the pre-approval is issued.
https://www.fairway-newengland.com/pre-approval/

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Who is eligible for a reverse home mortgage?

Who is eligible for a reverse home mortgage?

Reverse home mortgages are available to homeowners who are 62 years of age or older. To qualify, you must own your home outright, or have a low mortgage balance that can be paid off with the proceeds from the reverse mortgage. You must also occupy the home as your primary residence.
https://www.fairway-newengland.com/reverse-mortgages/

Locally, individual branches work with many organizations and non-profits

NEADS
Homestart, Inc.
Make-a-Wish
Derek Hines Soldier Assistance Fund
Department of Children & Families Holiday Toy Drive
Pine Street Inn
West Roxbury VA Hospital
Cradles to Crayons
Wachusett Food Pantry
Operation Delta Dog