mortgage brokers in lancaster: 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)

mortgage brokers in lancaster: 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)

mortgage brokers in lancaster: Underwriting guidelines easing? - 01/31/15 04:11 AM
Is underwriting easing?  You bet, here are just a few examples of how.  (Please note, there are alot of loan programs and many underwriting guidelines do NOT apply to all programs.  So, just because we can do something with a conventional loan, doesn't mean we can do it with FHA.  Contact me or your closest FAIRWAY Independent Mortgage branch)
Here are some relatively new guideline changes:
1. Only one year of tax returns required for self-employed borrowers.
2.  3% down payment with Conventional Financing.
3. All gift money with low down payment, conventional.  
4. Close today, even though the new job hasn't started yet.
5. … (2 comments)

mortgage brokers in lancaster: How to buy a foreclosure in Lancaster, PA - 11/23/14 09:58 AM
How to buy a foreclosure in Lancaster?
Buying a foreclosure can be difficult, unless you are able to pay cash.  Many homes that have been foreclosed upon are not in the proper physical condition to meet lender and loan program guidelines. 
This scares many buyers, Realtors and lenders away from foreclosures.  It is for this reason, many foreclosures sit for months and years at a time or are purchased by investors for rehab and flipping or renting out.
Now there's a solution for home buyer's that see the diamond in the rough and want to buy a home under value and make it their … (1 comments)

mortgage brokers in lancaster: 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)

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

Ken Pederson

Certified Mortgage Planner

Lancaster, PA

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FAIRWAY Independent Mortgage Corp

Address: 801 Estelle Drive, Lancaster, PA, 17601

Office: (717) 431-9299

Fax: (866) 580-9204

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




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