Professionalized Mortgage Services

 There are several types of mortgages, including fixed-rate mortgages, adjustable-rate mortgages, FHA loans, VA loans, jumbo loans, and interest-only loans. The terms and conditions of each type of mortgage vary, so it is important to research each option thoroughly to determine which is right for you. 

 The mortgage application process typically involves filling out an application, submitting documentation such as proof of income and assets, undergoing a credit check, and getting an appraisal of the property. The lender will then review your application and either approve or deny your loan. If approved, you will need to sign the loan ag 

The amount you can afford to borrow depends on several factors, including your income, debt-to-income ratio, credit score, and the cost of the property you want to buy. Most lenders use a formula to determine the maximum amount you can borrow, based on your financial circumstances.

  The general rule of thumb is to put down at least 20% of the purchase price as a down payment. This can help you avoid paying private mortgage insurance (PMI) and can also help you get a lower interest rate. However, some lenders may allow you to put down less than 20% 

 PMI stands for private mortgage insurance, which is a type of insurance that protects the lender in case the borrower defaults on the loan. PMI is typically required if the borrower puts down less than 20% of the purchase price as a down payment. The cost of PMI varies depending on the size of the down payment, the loan amount, and the borrower's credit score.  

 Want help buying a home at a price you can afford? Not sure where to get started?  Use our online mortgage calculator and contact me for your questions or to get prequalified. I'm  here to guide the way. 

 We would love to hear more about your home improvement plans. Did you know we can help make them a reality by connecting you with our new financing partner. They offer great rates and outstanding service you can count on. Just click below to get started. 

 If you need to pay off your credit cards or other debts, we can help out by connecting you with our new financing partner. They offer great rates and outstanding service you can count on. It’s a great way to take control of your financial situation. Just click below to get started. 

Whether you are buying your first home, moving across town or refinancing, our Homebuyers Guide provides valuable information to help you prepare for the loan process so you know what to expect.  

At Fairway Independent Mortgage Corporation we are dedicated to creating opportunities for everyday heroes. That's why we are offering eligible borrowers an exclusive closing cost discount that is designed specifically to help them achieve homeownership.

 Loudon County Chamber  of Commerce promotes the community and its economy by attracting and supporting local businesses, and protecting the interests of its members and the community. The Chamber brings together community leaders, decision makers, all types of business and industry, individuals, elected officials, and organizations to promote the civic and commercial progress of Loudon County and the immediate area.