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Gifts of Real Estate, Things You Should Know:

Fairway Mortgage   02. December 2019   0

In the spirit of the giving season, here are some important things you should know about giving (or receiving) cash for a down payment. Before giving or receiving the gift of a down payment, please be aware: - Receive the money as a check or wire transfer versus cash. The gift needs to have a paper trail. - You will need to provide a gift letter, including: the amount of gift, the relationship of the giver to the borrower, and that re-payment is not required. - Deposit the gift...Read More

Be generous, but give wisely!

Fairway Mortgage   02. December 2019   0

Some things to remember for “Giving Tuesday” - Many non-profits make as much as 30-40 percent of their overall budget at this time of year. - Check out GuideStar (a resource for info on non-profit organizations) or your local attorney general’s office to make sure the charity is legitimate, and to assess how their funds are spent. - Click here for information on tax deductions for charitable contributions. - Be wary of telemarketing solicitations. Less than half of every...Read More

Planning to Buy a Home? What You Need to Know…

Fairway Mortgage   21. November 2019   0

A real estate agent will help you find a home that best meets your needs, wants and budget. As a residential lender, our role is to find the best mortgage product that meets your financial needs, wants and circumstances. Below are answers to questions you may have about home financing. Don’t see the information you are looking for? A local Fairway Loan Officer can help. The links below and FAQ’s here will help you make informed decisions as you prepare to purchase a home: Which ...Read More

Leveraging Data to Grow Your Business

Fairway Mortgage   12. November 2019   0

Last week, the National Association of Realtors® released its annual survey of home buyers and sellers (5,800 consumers participated). Here’s how you can leverage the results to grow your business in 2020. Buyers: A majority still prefer to use agents-89% used an agent to purchase a home in 2019, and most found their agent through a referral from a family member or friend: -Be sure to ask for referrals throughout the process -Include a referral ask in your follow up survey and...Read More

VA Loans: Fact vs. Fiction

Fairway Mortgage   06. November 2019   0

If you’re a military veteran or still in active service, you may qualify for a VA loan. These mortgages often require little to no down payment with lower closing costs, which can help keep your savings secure. FICTION: You can only use VA entitlement* once FACT: You can use VA entitlement multiple times and can even have more than one VA loan at a time, under certain conditions. FICTION: VA loans take too long FACT: Fairway Independent Mortgage Corporation may be able to process a...Read More

On Veteran’s Day

Fairway Mortgage   31. October 2019   0

Employees of Fairway give back to our veteran community throughout the year with our American Warrior Initiative, hosting real estate agent training “Boot Camps” and presenting local veterans with life-changing support. This Veteran’s Day in New England, the branches of Fairway will be participating in a variety of activities to support and recognize our veterans including participating in the DAV 5K to help wounded veterans and providing candy and cards of support for gift boxes ...Read More

Welcome Fall!

Fairway Mortgage   25. October 2019   0

nbsp; Fall is fun! Back to school, pumpkin spice, leaf peeping, Halloween, and Thanksgiving! Don’t forget amidst all the fun to pay attention to your home with some simple maintenance activities. Outdoors: Clean gutters and downspouts Turn off external faucets, valves, disconnect and put away hoses Clean and store garden tools, (Prep snow blower!) Avid gardeners here is info on how to prepare your garden, sortable by location and month! Indoors: Clean chimney an...Read More

Do you have a financial plan in place to achieve your goals?

Fairway Mortgage   11. October 2019   0

October is all about finances, both as Credit Awareness month and Financial Planning month. Having a written financial plan in place that includes the following is the best way to make your dreams, whatever they may be, come true. A financial plan is a comprehensive statement of your long-term objectives for security and well-being, with a saving and investing strategy for achieving those objectives. Determine Net Worth Know Cash Flow Set Priorities   Net Worth...Read More

Make Sure Your Credit is Home Purchase Ready!

Fairway Mortgage   01. October 2019   0

  When issuing a pre-approval we check the borrower’s credit report. If there are any issues revealed, they may need to address them up front, or may simply want to take time to improve their score overall to better qualify. However, borrowers need to be careful about online agencies that offer to fix credit issues. As with so much these days, there are plenty of scammers that try to take advantage of people. A few basics: You are entitled to FREE copies of your credit report ...Read More

Why does it have to be so hard…?

Fairway Mortgage   12. September 2019   0

This fall could be a great time to purchase a home or refinance an existing mortgage. Before you do, here are the most common pain points when applying for a mortgage, and how to avoid them. The most common complaints from consumers when applying for a mortgage include: Poor Communication: we strive to communicate via email, phone and text throughout the process to keep both clients and agents informed about the status of your loan, and to answer any questions. Be sure to read and respo...Read More

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© 2019 Fairway Independent Mortgage Corporation. NMLS Entity ID #2289. www.nmlsconsumeraccess.org All rights reserved. 4750 S. Biltmore Lane, Madison, WI 53718. Complaints may be directed to: (866) 912-4800 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, Connecticut and Vermont.

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