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Mortgage and Lending - Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate. - LMB100023827. NMLS257576.
Information on what's happening TODAY in the ever changing world of mortgage lending.
RECENT BLOG POSTS
"Branding"... an interesting word that has many slants and meanings to different businesses and industries. But according to www.business directory.com, it means: The process involved in creating a unique name and image for a product in the consumers' mind, mainly through advertising campaigns wi...
06/30/2017
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I have written several blog posts over the past few weeks and decided it would be a good idea to create an index for easy reference:33% of Vets Don't know about Their VA HOME LOAN benefit!VA Funding Fee ChartVA Closing Costs - Who Pays What?When can Seller Concessions be used for Debt Reduction? ...
06/29/2017
So, I got in the mortgage business in the late 70's (before ECOA or Fair Lending, to be honest!). In the early '80's I decided to become a loan officer (which was unheard of for a woman to be in the sales department vs. behind a desk!) I convinced my husband, Jim, to give up his CPA profession an...
06/28/2017
VA loans offer a truly unique, deal-saving option that few understand! While you may know that VA has a seller concession limit of 4% of the sales price, you might not know WHAT is included in that 4%.Sellers can pay up to 4% in sales concessions to include:Buyer's funding feePrepaid taxes and in...
06/28/2017
Have you ever wondered who is allowed  (or required!) to pay what fees. Hopefully, this chart will help!  Fee/Expense Borrower Seller 4% Concession 1% origination fee x x   Discount Points-customary x x   Discount Points-to permanently buydown interest rate x x x Escrowed Funds for temporary buyd...
06/27/2017
While searching the internet for an industry one liner for our meeting this morning, imagine my surpirse...One of the best I found was from a blog post done in 2007 by one of our own Rainers!! Ready? So you have all heard about Robin Hood's house, right? Ready???IT HAS A ... LITTLE JOHN!!        ...
06/27/2017
If there is one standard reason given for not considering a VA loan over other options, it's about the VA funding fee. So, "drop the mic"! It's time to crush a few misconceptions! If you are qualified, keep reading.  If your are not sure, click VA lOAN OVER VIEW.First, there is no better NO DOWN....
06/26/2017
Many states, such as Colorado, offer down payment assistance programs, or even county bond programs, such as the El Paso County Bond program. But sometimes a family member is interested in gifting you down payment money. It's important to understand the guidelines of a gift for down payment will ...
06/26/2017
33% of vets aren't even aware of their VA Home Loan Benefit.* More than 21 million Veterans and Servicemembers live in the U.S. today, but only about 6 percent of them bought a home using a VA home loan in the past 5 years!***Per VAgov.com National Survey   **Per Blogs VAgov.comNot everyone who s...
06/23/2017
Colorado Springs is home to five military bases throughout our city. Obviously, being a VA loan expert is imperative for success here. Not only is it important for business reasons, but serving those how served us is a key component weaved throughout out company culture. I came to Fairway Indepen...
06/22/2017
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Ruth Vogt

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