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Home Inspection vs. Home Appraisal

fwAdmin   03. April 2017   0

These two parts of the real estate transaction may sound similar, but are actually quite different. The information below may help your clients understand them better. Feel free to share. An appraisal is done to help determine the value of the property for the lender. An inspection is done to educate the buyer about the condition of the home and any issues that may impact the sale. Home Inspection: The home inspection is a standard part of a real estate transaction, typically occurri...Read More

FHFA Loan Limits

fwAdmin   03. April 2017   0

For the first time since 2006-the Federal Housing Finance Agency (FHFA) has increased the base conforming loan limit for conventional mortgages for single family homes. Specifically, effective Jan. 1, 2017 (for loans acquired in 2017) conforming loan limits will change from $417K to $424,100 and Jumbo Conforming from $523,250 to $598K. Locally, this applies to certain counties including, Middlesex, Norfolk, Suffolk, Plymouth and Essex, among others. Here is a link to maximum conforming loan limi...Read More

Real Estate Resolutions for the New Year

fwAdmin   03. April 2017   0

According to Google searches, the current most popular New Year’s resolutions are to: - Get Healthy - Get Organized - Live Life to the Fullest - Learn New Hobbies - Spend Less/Save More - Travel - Read More This seems like a strong and inspiring list and you may find some items on here that resonate for you personally. However, have you thought about the professional resolutions you want to make as well? Maybe this is the year that you: - Clean up, organize and really mine your da...Read More

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© 2017 Fairway Independent Mortgage Corporation. NMLS Entity ID #2289. All rights reserved. 4801 S. Biltmore Lane, Madison, WI 53718. Complaints may be directed to: (877) 699-0353 or Email us: customerservice@fairwaymc.com. Toll Free: 866-912-4800. Fax: 608-837-4723. MA Mortgage Broker and Lender License #MC2289. Licensed by the New Hampshire Banking Department. Rhode Island Licensed Broker and Lender. Also licensed in Maine and Vermont.