Are You 1 of the 59 Million Planning to Buy This Year?

According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017. The survey also revealed three key takeaways: Those most likely to buy are ‘Older Millennials’…

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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.…

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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…

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