2 Myths That May Be Holding Back Buyers

Fannie Mae’s article, “What Consumers (Don’t) Know About Mortgage Qualification Criteria,” revealed that “only 5 to 16 percent of respondents know the correct ranges for key mortgage qualification criteria.” Myth #1: “I Need a 20% Down Payment” Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan.…

Continue Reading →

Renting – A Costly Mistake

by James Schneider, Fairway Mortgage Company Are you on the fence about home buying? Do you plan to postpone home buying in favor of renting? Don’t let your decisions cost you. As your financial partner and mortgage lender, what’s my take? Short Answer: Most renters do not understand how much they cost themselves. They penalize…

Continue Reading →