fairway independent mortgage: What is the Cost of Waiting in Real Estate for home buyers? - 08/12/17 07:09 AM
The Lancaster County and surrounding Real Estate markets, like much of the US are HOT, HOT, HOT!!  How HOT is it you ask?
The Lancaster County Association of Realtors (LCAR), tells us how hot the market is...
* June had the highest number of homes sales... EVER!
* June had the highest average sales price... EVER!
* Despite a "low inventory" and "sellers market", the Real Estate market is breaking records... 
Are you working with buyers that are thinking of buying now or waiting?  Listen in to today's short video and see what the C.O.W. is, the "Cost of Waiting" and the impact on the home buyer … (3 comments)

fairway independent mortgage: Is now a good time to sell my home? - 08/09/17 04:23 AM
Is now a good time to sell your home?I believe it is... in most parts of the US, demand is up and the supply of homes available is down.  This is creating a very classic, "Sellers Market".  In Lancaster County, in June of this year, 62% of all homes listed for sale were sold in less than 30 days!  And, we had the highest average sales price ever... All due to the strong demand and low supply. Listen in for more information: 
Is now a good time to sell your home... Yes, assuming you really want to sell!!  
Have questions about buying or … (1 comments)

fairway independent mortgage: Renovation Loans in Lancaster PA - 10/23/14 06:58 AM
Renovation loans in Lancaster PA can be difficult to find and even harder, at times, to qualify for.  Most lenders will point you towards a 203K loan.  There are few lenders and even fewer Loan Officers that understand them well and know how to help their clients to use this product.  
We do and this is not a 203K loan.  We use conventional financing to help our clients to buy properties (foreclosures, short sales, homes that need work) and build the financing cost right into the primary mortgage.  Even with only 5% down payment.
Structural renovation, rehab work, kitchens, roofs, flooring... you name … (3 comments)

fairway independent mortgage: Low Down Payment Loans in Lancaster PA / Lancaster PA Low Down Payment - 09/21/14 11:00 AM
Here are there benefits of this special, conventional Low Down Payment Loans.
This special program is only available thru select lenders and FAIRWAY is one of them.  Even more exclusively, some buyers may even qualify for valuable First Time Home Buyer Tax Credits, and even fewer lenders offer this money saving value.  
If you are looking for this special, low, 3%  down payment conventional mortgage, make sure you are working with a direct lender that offers this product AND the Tax Credit.  
You can find some information here... http://www.phfa.org/consumers/homebuyers/where.aspx?id=buyers
 
The program benefits are:
1. Conventional financing with only 3% down.  (the norm is 5% … (0 comments)

fairway independent mortgage: How to change your current situation... - 07/25/14 12:29 AM
Need to change something?  (Your health, spirituality, finances...??)  Watch this short video with some paraphrased help from Andy Andrews. 

2014-07-25 10:41:46
 
(1 comments)

fairway independent mortgage: Is now a good time to buy a home? (And flyer for you) - 04/17/14 11:39 AM
Is now a good time to buy a home?  Now is a really good time to buy a home... for a number of reasons:
1. Mortgage rates are still historically low, however, are expected to rise thru the year and hit the low 5's in the first quarter of next year.
2. Home prices, in many parts of the US, are still affordable and still below prices from 5-6 years ago.
3. There are more and more homes coming on the market every day and week.
4. Buyers still have the ability to negotiate.
5. Owning a home is better than … (1 comments)

fairway independent mortgage: How long do my buyers have to wait? - 03/11/14 02:47 AM
OK, you found a ready buyer and then they mention their previous "short sale" or foreclosure... How long do they have to wait until they can buy a home?  I strongly recommend that you call us to discuss at 717-431-9299 or your local FAIRWAY Loan Officer... 
However, here's a handy chart so you have the answers at your finger tips, if you want. 
What's on this weeks Value Add chart for you:
* The waiting periods required for derogatory credit issues such as short sales, foreclosures and BK's by Chapter.
* Covers conventional, FHA, VA and USDA financing
To get the … (0 comments)

fairway independent mortgage: Really, a "Guarantee" in the Mortgage Industry?? - 02/15/14 03:06 AM
Have you ever been called by a lender a few days or hours before closing only to be told the loan can't be approved due to XYZ excuses?  And not because of the appraisal, which almost everyone except for the seller may understand?  The loan was denied due to a Loan Officer error or because the borrower that gets a phone pre-qualification and never has their documentation reviewed by a lender... ever happen to you?  
Time to "Stop It!"  We, along with a few other lenders across the US are now offering a "Guaranteed Mortgage Pre-Approval"!  Which means... as long … (2 comments)

fairway independent mortgage: Please help us welcome Erich Earhart to our team! - 10/04/13 04:58 AM
Please help us welcome Erich Earhart to our FAIRWAY Family!
Erich comes to us from Union Home Mortgage Corp., where he was a Senior Mortgage Consultant.  With 13 years in the industry focusing on customer service and repeat business, Erich is able to help his clients with a smooth and great mortgage experience.  Now that Erich has joined our team, we’re able to extend our excellent, personalized service to the Chester, Montgomery, Delaware, and Bucks County area.  If you, or someone you know, is looking to purchase or refinance in these areas, give Erich a call.
542 North Lewis Road 
Limerick, PA … (0 comments)

fairway independent mortgage: Compare FHA to the New FHA and to 3% conventional - 02/21/13 09:44 PM
FHA Changes?  The photo depicts a comparison on a $175K purchase price home, comparing the current FHA in column 1 to the new FHA (on/after April 1, 2013) to a 3% down conventional loan.  Credit scores will obviously have an impact, however, most buyers with scores in the high 600's and 700's for sure, should be looking at the 3% down conventional program compared to FHA.  FHA still has it's place, large seller concessions and lenient credit guidelines; but for those buyers with good to better credit and not needing the 4-5-6% concessions, 3% Conventional is a more effective program.  And … (2 comments)

fairway independent mortgage: Very good "New" loan program with LOW Down Payment. - 11/06/12 05:19 AM
This is exactly what our market needs right now.  Another strong mortgage program that allows for a low down payment.  This is a conventional mortgage, see the features and benefits below:
1. 3% Down Payment
2. Conventional Financing
3. Conventional Appraisals
4. Seller Concession up to 3% of the Sales Price
5. Down Payment can be Gifted if credit scores are high enough
6. Private Mortgage Insurance which is much less than FHA insurance.7. This is NOT restricted to first timers, no income restrictions, NOT CRA product. 
 
Compared to FHA, less cash out of pocket and lower payments.  FHA can … (2 comments)

fairway independent mortgage: FHA Changes Coming April 1, 2012 - 02/27/12 11:51 PM
Effective April 1st, 2012 FHA (the Federal Housing Administration) has some new costs and mortgage structure changes. Nothing major, but certainly something you should be aware of, because it's going to increase some of the costs to home buyers. Click on this link to see a short presentation of the changes. These are FHA changes, across the country, effective for all new applications after April 1, 2012. The FHA doesn't fund mortgages; they only insure mortgages. But, with increased default due to the current economy, and because of the rough loans from a few years back, the FHA has to increase … (1 comments)

fairway independent mortgage: Most virtual tours are missing the most important part... The Realtor - 06/15/11 03:27 PM
Over and over again, I watch virtual tours and all's I get are photo's of the home and some nice panoramic views.  Don't get me wrong, many are done well.  BUT... where's the story, where's the color, what brings life to the home... and, where is the Realtor.  Personally, a good listing agent can make most virtual tours, MUCH more effective by being in the virtual tour and adding some verbage and story about the home.  With just pictures, it's a house... with words, it's a home.
Here's a simple sample on one Realtor getting involved... Homes for sale in Lancaster … (2 comments)

fairway independent mortgage: Realtor and Property marketing... all in one - 06/06/11 01:21 PM
Home of the day... we're trying to create some unique marketing opportunities for properties, Realtors and the lender.  Would love to hear your thoughts on this...
One Mason Court, Lancaster, For Sale
 
Ken PedersonFAIRWAY Independent MortgageLancaster, PAmortgages in PA
nmls: 134943
 
(2 comments)

fairway independent mortgage: Great book to read, one of the best I've ever read... - 06/01/11 01:45 PM
Here's a quick review... READ THIS BOOK!  Go for No!  Available at www.GoForNo.com or on Amazon.  Little discount for those of you with a kindle at Amazon and only 12-13 bucks anyway.  (I am NOT associated with GoForNo in anyway, except... I LOVED THIS BOOK!
This book is tremendous for anyone in sales, business, marketing, entrepreneurs... Short and easy to read.
Enjoy.
 
Ken PedersonFAIRWAY Independent MortgageNmls:  134943Mortgages In PA
(4 comments)

fairway independent mortgage: How to improve your business... this year - 06/01/11 01:39 PM
Here's a great short video from Bill Hart, long-time Coach and consultant to the Real Estate and lending industry... Go ahead, take 2.5 minutes and listen in.  Click Here on Better Together   
 
Ken PedersonFAIRWAY Independent Mortgage Corp.nmls: 134943
Mortgages in PA
(0 comments)

fairway independent mortgage: Protect This House... In honor of Memorial Day, Our Heroes and Wounded Warriors - 05/27/11 08:41 AM
Protect This House and go ahead, turn the volume... WAY UP!
(0 comments)

fairway independent mortgage: Ken's Korner... Change and rejection and more - 05/13/11 03:25 AM
Short little video blog-post...  Change and Rejection.
Short Sale Waiting Periods  How long after a short sale and foreclosure does someone need to wait to purchase a home?
Ken PedersonFAIRWAY Independent MortgageMortgages in PA
 
(0 comments)

fairway independent mortgage: Free Lunch and Learn for Realtors in Lancaster, PA area... - 05/12/11 05:50 AM
Come on out and join us on Wednesday, May 25th from 12 to 1 at LCAR. And get a free lunch while you are here and maybe win a door prize and of course, we'll have some handouts and gifts for you.We'll be talking about how to use a "rehab" loan to help more buyers put the home they are buying into shape and finance the cost. And, great tool for Realtors to help "distressed" properties to sell faster.Register by clicking on the link:  http://www.fairwaypa.com/resignup.html  You have to eat lunch, you might as well eat for FREE and learn at the same time.Ken PedersonFAIRWAY … (0 comments)

fairway independent mortgage: Ken's Korner... Avoid the stereotype - 05/06/11 10:09 AM
Ken Pederson FAIRWAY Independent Mortgage Corp Lancaster, PA 17601 www.FairwayPA.com … (0 comments)

 
Ken Pederson, Certified Mortgage Planner (FAIRWAY Independent Mortgage Corp) Rainmaker large

Ken Pederson

Certified Mortgage Planner

Lancaster, PA

More about me…

FAIRWAY Independent Mortgage Corp

Address: 801 Estelle Drive, Lancaster, PA, 17601

Office: (717) 431-9299

Fax: (866) 580-9204

Email Me

Ken Pederson, a mortgage lender and Certified Mortgage Planner in Pennsylvania, talks about wealth accumulation and mortgage advice.


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