As tax time quickly approaches we want to share some helpful information about the Tax Cuts and Jobs Act to assist in answering any questions your clients may have about filing 2018 taxes. The updates below come directly from the IRS. The Mortgage Interest Deduction: For mortgages taken out after Dec. 15, 2017, only interest … Read More
As the government shutdown continues, we wanted to provide you with an update on the agencies and mortgage programs impacted. IRS: The IRS began processing requests for tax return transcripts on Monday 1/7. Turn times will be longer than normal as they work through the backlog. USDA: Fairway has confirmed directly with the USDA National Office … Read More
From our Fairway family to you and yours, we want to wish you a very happy holiday season. May this time of year be filled with love, laughter and those that make your holiday season brighter.
As we approach 2019, business planning is at the forefront of conversation. Below, please find a list of 10 things that can assist in helping you identify and meet your goals for the upcoming year as you work on your personal business plan. 1) Evaluate what went well and what can be improved upon … Read More
The next four weeks matter. Each year it’s consistent; there are holiday parties, get-togethers and opportunities to reflect on the previous 12 months. The real estate industry begins to slow and there is time to sit and really plan for the year ahead. Each year, the same opportunity; but how does your approach change to … Read More
From our Fairway family to you and yours, we wish you a very happy Thanksgiving. We are truly grateful for all of our partners, clients, family and friends and hope you have a wonderful day surrounded by the people and things that you hold dear.
We extend our sincerest thanks to all those who have served our country and wish you a happy Veteran’s Day. Here at Fairway, we extend our gratitude through the American Warrior Initiative (AWI). This nonprofit organization assists military Veterans with home upgrades and repairs, service dogs, and much more. Click here to watch AWI’s 2017 … Read More
Recognizing that no two clients or scenarios are the same, Fairway Independent Mortgage Corporation has worked to ensure that we have a variety of programs and products to fit even the most unique of situations. Below please find a list of some of the scenarios that we are able to assist with: Properties with over … Read More
FICO announced this week a new way that they will be calculating credit scores beginning in pilot at the start of next year with the intention of being rolled out to all lenders by summer 2019. The new scoring system takes into account the way people manage their bank accounts and money market accounts … Read More
In a rising rate environment does it make more sense for a seller to reduce the sales price to sell their home or to intrigue potential buyers by offering seller concessions? Let’s take a look at a pricing example for a home priced at $500,000 with the borrower putting down 10% (equaling $50,000) and closing … Read More