A reverse mortgage is a unique loan that allows homeowners, who are typically aged 62 or older, to convert a portion of their home equity into cash without selling their home, giving up ownership or having to take on required monthly mortgage payments. The borrower will have to abide by the loan terms, which include...
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Fairway Independent Mortgage Named 2023 Top Workplace in the USA
Fairway Independent Mortgage Corporation has announced it has earned the 2023 Top Workplaces USA award, issued by Energage, a purpose-driven organization that develops solutions to build and brand Top Workplaces. The Top Workplaces program has a 15-year history of surveying more than 20 million employees and recognizing the top organizations across 60 markets for regional...
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FAIRWAY SPOTLIGHTS TEAL PUMPKIN PROJECT THIS HALLOWEEN
Halloween is right around the corner and children everywhere are looking forward to celebrating in some way. Unfortunately, children with food allergies miss out on the full Halloween experience as most types of candy are off-limits to them. In light of this, Food Allergy Research & Education (FARE) has created the Teal Pumpkin Project to...
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FAIRWAY EXPLAINS THE HOME APPRAISAL PROCESS
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...
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FAIRWAY MORTGAGE EXPLAINS ESCROW ACCOUNTS
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...
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FAIRWAY DEBUNKS FOUR MYTHS ABOUT HOMEOWNERSHIP
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...
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HOW TO GET YOUR HOME READY TO SELL
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...
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REVIEW YOUR MORTGAGE TO ACHIEVE FINANCIAL GOALS IN 2022
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...
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FAIRWAY HELPS FUTURE HOMEOWNERS FIND THE RIGHT TIME TO BUY
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...
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WHY TO GET PREAPPROVED FOR A HOME LOAN
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...