Deanna Valeo

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 home purchase needs of active duty and former military clients. A CRMS is recognized as an expert in dealing with the unique needs of Military and Veteran Home Buyers.  There are over 50,000 veteran households in the Charlotte area so knowing how to better serve these important clients will make you a better agent. This is an opportunity to become a "watchdog" for the warrior by pursuing excellence in serving the home purchase needs of military clients.

During the event, Fairway, along with the Boot Campaign & Military Warriors Support Foundation, will be presenting the key for a 'mortgage-free' house to a wounded veteran. We'll also have several guest speakers including Captain Sean Parnell, author of "Outlaw Platoon," Louise Thaxton, Fairway Branch Manager and ambassador of the Boot Campaign, and Terri Murphy, real estate speaker, author, consultant, and contact trainer.

We are also going to be handing over the keys to mortgage-free Charlotte home to a wounded veteran. It's going to be an awesome event, so if you are able to make it down, be sure to mark your calendars for this great opportunity! 

Fairway Independent Mortgage
is a proud supporter of the American military and has helped thousands of active military personnel and veterans nationwide purchase homes. Fairway employees have pledged several hundred thousand dollars in donations over a 12-month period to help provide mortgage free homes to veteran in association with the Boot Campaign, which is made possible through the Military Warrior Support Foundation's Home 4 Wounded Heroes program.

Lunch, networking and fantastic training! There will also be media on hand to report on this special presentation. There are up to 1000 spots available but the first 100 will receive a FREE copy of Sean Parnell's book "Outlaw Platoon", so please RSVP ASAP!

Original Article here

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 Greensboro, N.C.  Bendel was the final recipient during Fairway's Home Giveaway Week, where a wounded Veteran was honored with the American dream of homeownership, without the obligation of a mortgage or mortgage payments.

Bendel joined the army in 2009.  While deployed in Afghanistan, Bendel sustained wounds from an Improvised Explosive Device (IED) blast, earning him the Purple Heart.  Bendel said his leg never healed correctly and makes it difficult to get around.  Coupled with the nerve damage, he is in pain every day.

Benely, his wife of nine years and their two daughters (ages 2 and 7) were presented with the mortgage-free home during a Fairway Independent Mortgage "Boot Camp" event held in Charlotte, NC, designed to train local mortgage professionals and real estate agents on how to help active U.S. military service members and veterans overcome their unique challenges in buying a home.

"Bendel is a true American hero and we are grateful for his service," said Louise Thaxton, Fairway's Military Mortgage Director who presented the Bendel family with the "key" to their mortgage-free home along with New York Times best selling author and speaker, Sean Parnell. "He has sacrificed so much for his country. He, like many other Americans who have put their lives on the line, deserves a chance at homeownership. Our Boot Camp events were created to help them realize that dream," said Thaxton.

Local real estate agent, stated, "I underwent one of the most memorable and emotional days in my lifeprofessionally and personally. This will not be a day I will ever forget. Friday was the first day of the rest of my life where I know to stay conscious on a daily basis about what our military and their families do to serve our country and to think proactively what it is I can do to serve those who serve us so selflessly. If I learned anything on Friday, it was that in cities like Charlotte where we don't have an active military base, both active military and veterans can and do become "invisible" to us. It's truly a shame that this is so and our country's heroesdo not deserve to be invisible."

At the event as well was 13-year-old Andrew Hastings.

Hastings had been in the local media in the past two weeks for his volunteerism in the VA hospital. After being hit by car and losing his leg at the age of 7, Andrew has carved out a path of hope and giving back by volunteering with veterans who may be facing losing their limbs as well. Andrew's father is an army veteran and Andrew's grandfather was a former marine.

When Fairway found out that Andrew needed money for a new prosthetic leg (having grown out of his current one), they sprang into action. At the event, over 250 Charlotte-area real estate professionals filled a bag full of notes of encouragement and donation totaling just under $1300. Tom Tousignant, branch manager of offices in Lake Norman, Mooresville, Matthews and Blakeney, Dan Coggins, branch manager of the Monroe office, and Matt Gray and Jeff Gilmore of Cotswold each pledged to match the donations from their branches.

Hastings, who thought he was a special guest to help award the home to the Bendel family, was honored with a standing ovation before being presented with more than $5500 in donations. He and his family were as overwhelmed by the surprise as they were to discover that the photographer at the event had been their Childlife Specialist at CMC, Shannon Wilfong after Andrew's accident. It was a tearful moment for almost everyone who attended the event.

Now Bendel, facing the possibility of having his leg amputated, has found a new friend in the teenage boy and Hastings and Bendel have made plans to meet to get together in the coming weeks. Said Bendel,"Andrew Hastings is a great young man, he is definitely inspirational in all that he does. With his leg injury he is able to give insight and help to veterans learning to manage with their amputations. The time that he gives out of his day/life to help veterans is worth more than anyone could ever imagine. He is a role model for others of all ages."
Original Article here

VA Mortgage Eligibility for Surviving Spouses November 18, 2013

Good Information for Military spouses of fallen soldiers. Click on the link here for the full story.

Contact Deanna for more information on this special program.

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 by the buyers), all buyers, listing and selling brokers, and all owners.

The attorney will have searched the title, to check if there are any liens or clouds etc on the title. They would have provided title insurance and obtained old and new lender instructions. The sellers should bring all warranties on equipment and any instructions on equipment maintenance or operation.

First, all unresolved walk-through deficiencies are resolved.

The closing attorney will explain the deed of trust or mortgage and note; VA, FHA, or lender forms; and all settlement sheets to the buyer. The buyer will then go ahead and sign all forms and pay the balance of the down payment and buyer's closing costs with cashier or certified check.

The attorney will explain all of the same settlement sheets to the seller and get the home seller's signature on the settlement sheets and the deed. The seller will then pay any appropriate closing costs.

Under the Real Estate Settlement Procedures Act (RESPA), closings costs are no longer as ambiguous as they used to be. The homebuyer is given an estimate of closing costs in advance of the closing. Closing costs vary depending on the price, the property's location, and other factors, but overall the costs usually average between 3% and 7% of the sales price.

Items that are usually included in the settlement fees are the loan origination fee, mortgage insurance premium (M.I.P.), attorney fees, owner and lender title insurance, recording fees, county tax stamps, state tax stamps, and the survey fee. If the seller's taxes or insurance have been escrowed, the seller will receive any money accumulated in the account for bills not yet due.

Additionally, the seller will be reimbursed for any money paid in advance and not used, such as property taxes.

It is a big day, when closing on your home whether it is your first or your tenth is very exciting! With the right amount of preparation and understanding, you will be able to enjoy the experience even more! Don't forget to celebrate afterwards!

Original Article here