Why do buyers need a REALTOR? REALTORs are professional real estate agents who adhere to the highest level of conduct and ethics. Many have years of experience, teams to support you and a deep understanding of every facet of the homebuying process. Hiring the right REALTOR makes all the difference! 1.REALTORs know the city and everything […]
VA Financing the Fairway…
Bookend LendingRanked One Of The Best Military Lenders National Mortgage Professional Magazine has named Bookend Lending one of the best military lenders for 2018. At Fairway, we are proud of the care we take in serving those who have served our country. If you or anyone you know is interested in a VA home loan, […]
Why your credit score is never the same…
For many consumers, checking their credit score can yield a variety of results. With instant access to credit scores now available through most major credit cards, banks, and other sites, it has never been easier to see where you stand. Credit scores can vary from one service to the next and depending on which credit […]
Look how much homebuyers have gained in ...
6 reasons why new construction is on the...
New construction is up in New England and nationwide. Here are some reasons why: 1. The improved economy has driven more builders to re-enter the home building market. 2. There is now a shortage of existing homes for sale in most price ranges. 3. Bidding wars often occur on existing properties but new construction may free buyers from this uncertainty and give them more […]
My credit score is between 580 & 619. W
If your score is at least 580 but less than 620 then your best option may be FHA. It may be your only option. With a 580-619 credit score you are looking at an FHA loan and may be limited to a 43% debt ratio although a higher debt ratio may be available to some Buyers. Qualifying […]
Student Loans and Your Mortgage
You may have heard of Fannie Mae and Freddie Mac. These are government-sponsored enterprises (GSE) which securitize your basic conventional mortgages. Despite their many similarities, their guidance on how to qualify a borrower with student loans differ significantly. Now, in addition to conventional GSE’s, there are also Government loan options such as FHA, Rural Housing and […]
When can I refinance my mortgage loan?
Many homebuyers go into their purchase thinking they can refinance into a lower rate in the future. Although this may be true, it’s not something that one should consider as a factor when deciding to buy a home. Who knows what rates will be or what qualifying guideline may prevent a refinance from being a […]
What happens after I sign the sales agre...
Congratulations! You found the house you want to buy. You’ve negotiated a sales agreement – you have a signed offer. What next? You need to give the sales agreement to your lender. Your lender will create a property-specific loan application and forward the application and disclosures for you to sign. Once you have signed these […]
Building a House – first steps
If you’re thinking of building a new home the first steps are to find the land (if you don’t already own it), find a house plan you love and then put it out to bid. You need to determine the cost of your project in order to determine the financing terms. Meanwhile you really need […]