Fairway Independent Mortgage Corporation Loan Officer

What Is a Mortgage?

A mortgage is a loan used to purchase real estate, with the property itself serving as collateral for the loan. The borrower makes regular payments over a specified period until the loan is fully repaid.

How does the 100% online mortgage work?

It's easy—just 4 steps, and you're supported every step of the way. We will guide you throughout the entire process, and you will always have up-to-date information on the status of your application. Simply follow the steps to secure your personalized 100% online mortgage.

A Mortgage Loan from a Bank or a Mortgage Broker?

Whether you choose to work with a bank or a mortgage broker, both options present advantages and disadvantages. Dealing with a Bank Many homebuyers look beyond the bank they use for their day-to-day banking needs when the time comes to apply for a mortgage. And while this approach may be suitable, it is important to understand that banks can only offer their clients their own proprietary mortgage products.

Should You Get a Fixed-Rate or Variable-Rate Mortgage?

When shopping for a mortgage, you have more than one option regarding your commitment to a specific interest rate. You will have the choice between a fixed-rate mortgage and a variable-rate mortgage.

What is a mortgage amortization period?

A short amortization period—for example, 15 years—allows you to pay off your mortgage more quickly. This also means that you will save a significant amount of money on interest payments. However, it also means that your monthly mortgage payments will be much higher in order to achieve this goal. With a longer amortization period—for example, 25 years—you benefit from lower monthly payments.