Homeownership Benefits
Mortgage Application Checklist
Homeownership Benefits
As one of the nation’s top mortgage companies, Fairway helps individuals and families reach the American Dream of homeownership every day. Owning a home is an exciting investment and comes with many benefits including…
DO's and DON'Ts
Mortgage Application Checklist
Homeownership Benefits
In order to make sure that during the loan processing your credit and qualification information does not change and affect your ability to be approved, be sure to follow our Do's and Don’ts below. This information is important from the day you apply until the day your loan closes and funds.
Mortgage Application Checklist
Mortgage Application Checklist
Mortgage Application Checklist
In order to start your mortgage application, you will need to gather the following standard documentation. Some of the additional required information will vary based on your personal situation.
6 Steps to Homeownership
6 Steps to Homeownership
Mortgage Application Checklist
Our team strives to make the home loan process as simple as possible by guiding you through every step – from application to closing and beyond. We will also provide you with regular updates to keep you informed on the status of your loan throughout the entire process.
How a Mortgage Works
6 Steps to Homeownership
How a Mortgage Works
A mortgage is a loan associated with real estate, where the property being purchased acts as the collateral for the loan. This means that the property is the security for the loan, so that if the borrower fails to make the payments, the lender can acquire and sell the property to regain the money lent. This use of the property as collater
A mortgage is a loan associated with real estate, where the property being purchased acts as the collateral for the loan. This means that the property is the security for the loan, so that if the borrower fails to make the payments, the lender can acquire and sell the property to regain the money lent. This use of the property as collateral is a big part of what keeps mortgage rates lower than that of a credit card, for example.
Home Appraisals
6 Steps to Homeownership
How a Mortgage Works
Appraisals are a key component of the home buying process. A thorough appraisal will look at the following areas of the home while conducting their inspection, but they may look at other areas as well. This may not be an exclusive list of items an appraiser will inspect.