WHAT IS A MORTGAGE?
Welcome to Fairway’s Mortgage 101 Resource Center. Here you will find mortgage basics along with other helpful tools to assist you along your mortgage pathway.
Types of Mortgage Loans
There are many different types of mortgage loans and mortgage refinance options. Finding the right loan is based upon your individual wants, needs and circumstances. At Fairway we offer many types of mortgage loans.
- Fixed Rate Mortgages
- Adjustable-Rate Mortgages (ARMs)
- FHA and VA Mortgages
- Conventional Loans
- First Time Home Buyer Loans
- Zero down payment options with USDA
- Jumbo Financing
- Refinancing Options
- Reverse Mortgages
Owning a home is the American dream. For many, it can be difficult to secure the finances needed to pay for a home outright. That’s where a mortgage can help. A mortgage is a secured loan used to purchase new or existing real estate. The value of the real estate purchased helps to secure your mortgage loan and provides collateral. Typically, the amount of the loan is split up into payments over a period of 15 or 30 years with interest.
Whether this is your first home or your fifth, it’s important to choose the right company to help you navigate through the different types of mortgage loans. Navigating through different types of mortgage loans can be overwhelming, which is why we have a number of Fairway Loan Officers to assist you. Each of our team members is trained to handle numerous types of mortgages and can explain your options clearly and simple. Our loan officers will supply you with distinct information to make your lending process a smooth ride. Contact one of our caring and professional loan officers to learn more about your mortgage loan options.