Rates to Rise in 2014?
December 3, 2013
Freddie Mac economist, Frank Nothaft is saying that we can expect interest rates to be in the 5?s in 2014. So as the saying goes, it's best to get while the getting is good. Couple this with tighter underwriting and QM and as real estate agents and mortgage loan originators we'd better step up our game and start getting back to the basics. And if you're a consumer, now would be a good time to get something started. Read the full article here.
It’s Closing Day! What Should You Expect?
November 21, 2013
You found your dream home, you made a bid, you waited, did the final walkthrough and now it's time to close. The big day is here. Closing day can be a whirlwind, everything moves pretty fast and there are lots of papers to sign before that great moment of getting your keys. While this day can be thrilling, it's a good idea to beat the anxiety and be confident by being as prepared as possible ahead of time.
At the closing there will be an attorney or title company representative (chosen ..... read more
Fairway presents Military Vet with a Mortgage Free Home and raises over $5500 for local boys new leg
November 11, 2013
Fairway Independent Mortgage Corporation joined forces last week with 2 charities, Boot Campaign and Military Warriors Support Foundation to sponsor four "mortgage free" homes for wounded military veterans last week. The collective branches of Fairway in the Charlotte area hosted two of these events last week, one in Lake Norman and one in south Charlotte.
On Friday, at Elevation Church in Blakeney, SPC Gary Bendel and his family were presented the key to a mortgage-free home in ..... read more
FREE CE training course for Realtors!
November 6, 2013
Fairway Independent Mortgage is excited to be hosting a FREE continuing education-training course for Realtors in the South Charlotte area on Friday, November 8, 2013 at Elevation Church Blakeney ! Training will take place from 8-12 with lunch provided during optional following reception. Don't miss out on this great opportunity and RSVP today!
The Certified Military Residential Specialist (CMRS) certification programs equip housing professionals to handle with care the ..... read more
BREAKING NEWS! 4 Homes. 4 Veterans. 4 Days!
October 31, 2013
Fairway Independent Mortgage Corporation, one of the country's largest mortgage companies, has not only joined forces with the Boot Campaign and the Military Warrior Support Foundation, two non-profit organizations supporting returning American military troops, but have decided to take it to the next level and will help present the keys to FOUR "mortgage-free" homes to FOUR wounded military veterans in FOUR days.
Fairway ..... read more
Tips for a successful WalkThrough
October 25, 2013
You found your dream home! Your offer has been accepted, you made it past the options period and home inspection and now all that's left, is tying up the last bits before closing. But before you sign the closing documents and roll into the driveway with your moving van and paint samples, there's another important step to take you must do a final walk-through. This is the last chance before closing to make sure everything is in working condition.
A final walkthrough cannot only ..... read more
Rates are going down again!
October 14, 2013
According to Freddie Mac's Chief Economist Frank Nothaft, "the onset of the federal government shutdown and declining consumer confidence, fixed mortgage rates fell for the third consecutive week."
Average U.S. home mortgage interest rates on fixed mortgages fell for the third straight week to the lowest point in three months. Mortgage buyer Freddie Mac says 30-year fixed-rate mortgages averaged 4.22% in the week ending Oct. 3, down from 4.32% last week. A 15-year fix dipped to 3.29%, ..... read more
So how does the Govt ShutDown affect my Mortgage Application?
October 1, 2013
Breaking News.......A Message from Fairway Manager, Tom Tousignant:
"The mortgage lending industry is heavily regulated and influenced by government policy. With that background, many homebuyers today should be concerned about the shut down and budget debates and how they will impact their ability to receive home financing. Right now, we are "business as usual" at Fairway- although some government guaranteed mortgage programs are affected. If you are in the home ..... read more
Guidelines to getting your Loan approved
September 26, 2013
Whether you're a first-time homebuyer or seasoned investor, the mortgage approval process can be an overwhelming adventure without a proper road map and a good team in your corner. To some potential buyers the prospect of meeting a mortgage lender may seem a little scary. Lenders ask a lot of questions because they want to help you get the best mortgage they can for you and your family.Mortgage lenders approve borrowers for a loan, which is secured by real estate, based on a standard set of ..... read more