Making Informed Decisions in the Face of Rising Interest Rates As interest rates continue to rise, it becomes increasingly important to make informed decisions when it comes to securing a mortgage. Choosing the right mortgage professional can make a significant difference in your financial well-being. Fairway Mortgage explains five crucial factors to consider when selecting...
When you are purchasing a home, an appraiser plays an important role. The appraiser’s job is to determine the current market value of the property. They will conduct many tasks on site such as room-by-room walkthroughs, property walks, and additional reviews of the property. A few key features of the home that the appraiser will...
Those who have experienced the home buying process have likely heard of a home appraisal. Home appraisals allow the buyer, seller and lender to determine the fairest sales price possible for the home based on a variety of factors. Here are some basics about appraisals, courtesy of Josh Kilty, Fairway Mortgage in Marshfield: WHAT IS...
An escrow account is a non-interest-bearing account that sets aside roughly one-twelfth of your annual property taxes and homeowners insurance each month with your regularly scheduled payments. An escrow account is not managed by the homeowner, but rather the loan servicer to ensure that there is enough money to pay taxes and insurance while maintaining...
FAIRWAY MORTGAGE DEBUNKS HOMEOWNERSHIP MYTHS Making the transition from renter to homeowner can be overwhelming. With so much information available to those looking to purchase, it can be hard to know what is accurate. Working with a trusted mortgage planner to determine when the right time is to purchase and how much house can be...
GETTING YOUR HOUSE READY TO SELL The real estate market is hot right now, continuing to be in a “seller’s market” with increasing prices and declining inventory. “If you were considering selling your home — now is the time,” said Josh Kilty, Mortgage Loan Officer at Fairway in Marshfield. Here are some tips on how...
SAVE MONEY IN 2022 BY REVIEWING YOUR MORTGAGE It’s a new year, which means many people are setting resolutions for 2022. Many of these goals are related to finances. One way to reach financial goals in the new year is to evaluate mortgage expenses. “I would love to help you reach your financial goals this...
Are you renting a home and wondering if it might make more sense to buy one instead? As mortgage rates continue to remain relatively low, it is proving to be more economical in many cases to purchase a home rather than continue renting. “Not only is buying a home an investment in your future, but...
Real estate agents often suggest to buyers that they become “pre-approved” or “pre-qualified” before beginning the home search process. While these mortgage terms sound similar, they carry very different meanings. Fairway Mortgage in Marshfield works with buyers on all stages of the home buying process and can explain these important terms. “For a homebuyer, a...
LOCAL FAIRWAY MORTGAGE PROFESSIONAL SHARES MORTGAGE PREAPPROVAL TIPS In this fast paced housing market, it’s important to get preapproved for a home loan. Preapproval for a home loan involves confirming bank statements, pay stubs, and credit reports to demonstrate ability to finance a home. “Getting preapproved helps show what you are able to afford and...
