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Fairway Independent Mortgage Corp. is dedicated to serving borrowers with some of the best options possible to secure a mortgage in today’s market. More than just a rate, our Fairway loan officers want you to feel confident in your future.
I’m Rama,
Your friendly neighborhood mortgage expert is here to make the mortgage process as smooth as a sweet Georgia peach! With my expertise in the mortgage industry and a deep understanding of the local market in Georgia, USA, I’m here to help you achieve your homeownership goals without any hassle.
Looking to buy a home in the Peach State? I’ll be your trusted guide, providing you with the knowledge and support to navigate the mortgage options available to you. Together, we’ll find the perfect mortgage fit that aligns with your budget and helps you settle into your dream home in Georgia.
Buy or Sell a Home and You Could Save Thousands
MORTGAGE BASICS
APPLICATION CHECKLISTS
APPRAISAL
CLOSING COST
CREDIT
FORECLOSURE
FHA LOANS
GLOSSARY MORTGAGE TERMS
PRIVATE MORTGAGE INSURANCE
REFINANCE
VA LOANS
MORTGAGE FOR MIDDLESEX COUNTY
BROKER V/S BANKER
Apply Online For Your Home Loan Or Call me at (855) 972-6006 Now
“Experience a trusted home loan application process!
Apply online now or call me at (855) 972-6006 to discuss your options with a reliable and experienced lender.”
WHAT? ARE YOU ASKING ME?
I’ll be your trusty sidekick on this home ownership journey.
From answering questions to guiding you like a superhero, kickstarting your mortgage application, or just having a virtual chat over tea – I’ve got you covered!
Don’t feel like making a call or drafting an email? No problemo!
Simply fill out the form and I’ll swoop in to save the day by reaching out to you as soon as humanly possible.
Together, we’ll conquer the mortgage universe and find your perfect tailored solution.
Whether you’re a first-time homebuyer, refinancing your super-secret lair, or exploring investment properties, my superpowers will guide you through the lending process with ease.
CONNECT WITH ME!
Connecting with me is just a step away! Here are the ways you can reach out:
📞 Give me a buzz at Phone: +1 (888) 888-8888
📧 Shoot me an email at Email: loan@loan.com
Or, if you prefer, simply fill up the form below, and I’ll be at your service in no time!
Let’s get the conversation started! 💬
MORTGAGE BASICS
A mortgage is a type of loan used to finance the purchase of a property, such as a home or a commercial property. It allows individuals or businesses to borrow money from a lender (typically a bank or a mortgage company) to buy real estate, with the property itself serving as collateral for the loan.
Here are some key points to understand about Mortgage Basics:
DOWN PAYMENT
When taking out a mortgage, borrowers are usually required to make a down payment, which is a percentage of the property’s purchase price. The down payment amount varies
depending on the type of mortgage and the lender’s requirements.
INTEREST RATES
Mortgages come with an interest rate, which determines the cost of borrowing. The interest rate can be fixed (remains the same throughout the loan term) or adjustable (changes periodically based on market conditions).
LOAN TERM
The loan term refers to the duration of the mortgage. Common loan terms include 15 years, 30 years, and sometimes even shorter or longer terms. Shorter terms typically have higher monthly payments but lower total interest costs, while longer terms have lower monthly payments but higher overall interest expenses.
MONTHLY MORTGAGE PAYMENTS
Borrowers repay the mortgage through monthly payments, which typically include both the principal and interest. Depending on the mortgage type, payments may also include property taxes and homeowners insurance.
AMORTIZATION
Mortgages often follow an amortization schedule, which outlines how the loan will be paid off over time. Early in the loan term, a larger portion of each payment goes toward interest, more of the payment goes toward reducing the principal balance.
PRIVATE MORTGAGE INSURANCE (PMI)
If a borrower makes a down payment less than 20% of the property’s value, the lender may require them to pay for private mortgage insurance. PMI protects the lender in case the borrower defaults on the loan.
CLOSING COSTS
When finalizing the mortgage, borrowers are responsible for paying closing costs, which include various fees
and expenses related to the loan and property purchase.
These costs can include appraisal fees, title insurance, attorney fees, and more.
PRE-APPROVALS
Before starting the home buying process, it’s beneficial to get pre-approved for a mortgage. Pre-approval involves a lender evaluating the borrower’s financial situation and determining the maximum loan amount they qualify for.
Understanding the basics of mortgages is crucial for anyone considering homeownership or real estate investment. It’s essential to research different mortgage options, compare interest rates, and work with a reputable lender to find the most suitable mortgage for your needs and financial situation.
Below are some important links :
- Application Checklist
- Appraisals
- Closing Costs
- Credit
- Foreclosure
- FHA Loans
- Glossary of Mortgage Terms
- Private Mortgage Insurance (PMI)
- Refinance
- VA Loans
- Mortgages for Middlesex County
- Broker V.S. Banker
MY HAPPY CLIENTS
I couldn't have asked for a better mortgage expert than Rama. Got what I wanted
Rama's professionalism, responsiveness, and dedication throughout the impressive process
She took time to explain everything & helped me with best mortgage tailored to my needs
Rama was proactive in finding the best rates, and she promptly answered all my inquiries