Fairway's First Team News & Updates

From market forecasts to the latest tips to increasing your home’s value.

Get Your Home Summer Ready
Home Improvement

How to Get Your Home Summer Ready

With days getting longer and brighter, it’s time to start thinking about spring cleaning – Namely, preparing your home for warmer weather and getting the interior and exterior summer ready. Early spring is the perfect time to start chipping away at these tasks, before the oppressive summer heat.  Here are some things to consider around

How to Improve Your Credit Score
Credit Repair

How to Improve Your Credit Score

Your credit score is a key piece to getting approved for a mortgage. Along with your income and DTI (debt-to-income ratio), credit score is probably the most important thing that lenders look at. Your credit score is, ideally, a reflection of your reliability in making timely payments and paying back debts. That said, it can

Mortgage

Self-Employment Mortgage Criteria

How to Qualify for a Mortgage as a Self-Employed Worker or Business Owner Applying for a mortgage can feel especially daunting if you are self-employed, whether you’re a gig worker or run your own business with employees. While the self-employment mortgage criteria is the same (same income, credit, debt and down payment requirements), proving financial

Increase Your Home Value
Selling Your Home

5 Inexpensive Ways to Increase Your Home Value

Getting ready to sell your house? Studies show that big renovations are rarely necessary and oftentimes lose the seller money. Most of the big changes home buyers want to make, they will make themselves after purchase. Your job as a seller is to present a blank slate, allowing buyers to picture themselves and their own

Mortgage Rates 2022
Market Conditions

Rising Mortgage Rates 2022

Rising Mortgage Rates 2022 Mortgage rates are influenced by a variety of factors but generally reflect the general economic conditions of the time. When the economy is better, people can afford to borrow more. Through the pandemic and unemployment concerns, mortgage rates have been at historic lows for the past two years. Going into 2022,

Pros and Cons of Buying a Home For Your Child to Live In
Mortgage

Pros and Cons to Buying a Second Home For Your Child to Live In 

If you are financially able, buying a second home for your child to live in is a decision that may benefit both of you. Of course your child benefits from the lifestyle stability of secure housing, whether they are enrolled in college, making a big life change, or if you simply want to help them

Mortgage

FHA Loan Requirements 2022

An FHA loan refers to a mortgage loan insured by the Federal Housing Administration, which is run by the Department of Housing and Urban Development (HUD). These loans are offered by the United States government to help make home ownership more accessible for those with lower credit scores and who may not be able to

Stylish corner inside a home with side table and chairs
Mortgage

What Happens After Making An Offer On a House

There are a lot of steps that go into purchasing a home, and it’s normal to feel overwhelmed. Finally finding a house you love and making an offer is a huge step, but it’s only the beginning of the process to actually owning the home. It is important to familiarize yourself with what happens after

Mortgage Pre-approval
Uncategorized

5 Activities to Avoid Between Mortgage Pre-Approval and Closing

Congratulations, your mortgage has been pre-approved! It’s natural to feel anxious and maybe even be itching to find ways to ensure that final approval goes through. When it comes to your financial picture and credit profile, however, it is best to leave things alone as much as possible between pre-approval and final closing. Any big

Uncategorized

Tips for Buying a Second Home as an Investment

Purchasing a second home is a great way to expand your investment portfolio and create a new income stream, whether you plan to flip the property after a few years or keep it as an ongoing rental. Whatever your plans, the process of buying a second home is likely to be a bit different than

Mortgage

What Exactly is Escrow? What Do Buyers Need to Know?

When buying or refinancing a home, you’re going to come across many terms that you may not be familiar with. Terms such as escrow are thrown around quite a bit, though many consumers have no idea what they actually mean. What is Escrow? The easiest way to describe escrow is the process of having a

Market Conditions

Mortgage Refinancing and Bank Prime Loan Rate: What You Need to Know

When you lock in your loan interest rate during the home buying process, you get the security of knowing just how much you will be paying each month for your mortgage. As a result of this stability, many people assume that the interest rate they agreed upon at closing is set in stone for the