The first step of getting pre-qualified is to schedule an appointment with one of our Loan Officers. Once you are in the appointment it could be as quick as an hour to get you out there shopping.

These are expenses over and above the price of the property that are incurred by buyers and sellers when transferring ownership of a property. Closing costs normally include an origination fee, property taxes, charges for title insurance and escrow costs, appraisal fees, etc. Closing costs will vary according to the area and property type.

Mortgage insurance provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Most lenders generally require PMI for a loan with a loan-to-value (LTV) percentage in excess of 80 percent.

The length of your transaction is determined by an individual’s situation. With that said, Fairway Independent Mortgage Corporation generally closes our loans within 30 days and our promise to you is that we will close on time and smoothly.

Rates vary depending on an individual’s situation, your credit score and the overall climate of the economy. For a better idea of what your rate looks like, give us a call or fill out our online inquiry.