Why Fairway Independent Mortgage Corp?

I believe that getting a loan should be a pleasant experience, where you learn the tools, strategies, and options available to help you achieve your homeownership dreams, as well as your financial objectives. Listed below is how we do just that, for each one of our clients.

Step 1: Where to begin?

Personal Consultation

A home purchase is typically the largest investment you’ll make in your life. It is where the bulk of your earnings will go in your lifetime. You need education and sound advice as to the strategies you should use to shorten the term and lower the yield the bank will earn on your loan. We will show you how to achieve your monthly payment comfort zone, get the home you want, and improve your financial life in the process!

New Loan Tax Analysis

Before you commit to a purchase price and loan amount, shouldn’t you know how it would affect your income tax bottom line? We can show you the hidden dollars on your tax return with this important analysis. No one should commit to a purchase price range without first seeing this number!

Are you really approved?

With our exclusive Pre-Contract Loan Commitment, you have an approved, underwritten “commitment” for your loan. Other lenders’ so called “pre-qualification” or “pre-approvals” are extremely risky for you, because unless a live underwriter reviews the file, everything can fall apart at the last minute. Remove the financing contingency from your offer and improve your negotiating power.

Fairway Accurate Transaction Breakdown

Most lenders will show you a Good Faith Estimate of the fees associated with your loan, and in a survey we found that over 90% of customers are surprised that the numbers at the closing don’t come close to matching what the lender originally told them. The lenders’ response when questioned is “it was an estimate.”

Fairway Independent Mortgage Corp. Correspondent Advantage

We operate differently than 95% of companies offering mortgages today. As a correspondent lender, we are authorized to underwrite 98% of the products we offer. As a banker, we are in complete control of your funds and documents for closing. As a broker, we have access to the very best products available on the market, at the most competitive rates. It means more choices with total control for you, and most importantly, NO SURPRISES!

Step 2: You’ve found your home

Get your interest rate lock in writing

Surprisingly, the overwhelming majority of lenders will not give you your rate lock in writing, detailing the costs associated with your loan. You should ask the question, why not? We fully disclose your loan program, rate, and lock period, and we do it in writing, eliminating any closing day surprises.

Streamlined and efficient processing

Our commitment is to get you to the closing table with the least amount of interruption to your schedule as possible. By providing all the information that we ask for up front, we can eliminate the normal “last minute, just one more thing” process associated with most other lenders.

No 1% Loan Origination Fees

Don’t mistake a loan that has a 1% loan origination fee as a loan with “no points”. If the loan has a 1% loan origination fee, you are paying 1 point! It’s a deceptive practice by many in our business. And it can cost you thousands of dollars!

No Junk Fees

We charge $0.00 for Underwriting, Doc Prep, Tax Service Fees, Broker Fees, Processing Fees, Wire Transfer Fees, or Flood Certificates, saving you literally $1000s. We charge a flat $1397.00 for everything we do, with no junk fees.

Get 3-day early figures and eliminate closing day stress!

Three days before your closing, we will review your settlement statement with you, along with a complete recap of the loan, including all the information regarding the loan. No other mortgage company makes this commitment, nor can they back it up. You won’t find yourself scrambling around at the last minute for a cashier’s check for your closing!

Close on time, and under budget!

We promise 100% on-time delivery to the title company for loan figures, loan docs, and most importantly, your money! And you will NEVER pay more for your loan than you were originally quoted, or we will make up the difference, plus $500. That is my guarantee to you!

Step 3: Your home!

Now that you’ve moved in and are enjoying your new home, my job really begins. My commitment is to help you achieve the lowest overall cost of borrowing over your lifetime. I do that with the following Post Closing Services:

Enrollment in our Rate Watch report

Rate Watch is a quarterly report that you will receive via mail, that compares your current 1st mortgage terms to several other loan programs available on the market. The purpose of this is to keep you informed as to what the mortgage market is doing, so that you can keep and eye on the performance of your current loan structure.

Free annual copy of your Credit Report

On your request, I will send you a copy of your credit report each year. This will help you to stay on top of what is being reported, and monitor any unauthorized activity.

Annual Mortgage Check-Up and Identity Theft Screening

I will be contacting you once per year on the anniversary date of your loan closing. This will allow me keep my records accurate with what's new with you, and make sure that your current loan is still the best structure for your unique situation.

Financial Updates via my E-Newsletter

With your permission, I would like to stay in contact with a monthly e-newsletter. Every topic is relevant towards your overall financial well-being. The newsletters will spotlight important mortgage and finance related topics that are making headlines , along with valuable information regarding protecting, insuring and maximizing your assets. The newsletter is free and you can opt out (be removed from the distribution) anytime you would like.