Loans Can Be Fun

Archives: Mortgage

If you’re 62 and older, you can use a reverse mortgage loan to purchase a new home, or turn your current home’s equity into cash. A reverse mortgage loan gives retirees the opportunity to potentially increase their purchase power or cash flow while eliminating monthly mortgage payments. You are still required to pay property taxes, homeowners insurance, and maintain the home. Here are just a few reasons why you should consider a reverse mortgage.

Reverse Mortgage Loan

What a Reverse Mortgage is... A LOAN THAT CONVERTS EQUITY TO CASH FOR MANY DIFFERENT USES A reverse mortgage loan is a way to turn a portion of the equity in your home into cash. The proceeds from a reverse mortgage can be used to pay for unexpected expenses, such as nursing home costs or [...]
By Allison Olsen0 Comment

VA

Program Features 100% financing with full VA entitlement* No prepayment penalties Fixed and adjustable-rate loan terms No Mortgage Insurance You do NOT have to be a first time home buyer A variety of eligible property types, including townhomes and VA-approved condos * You may be able to get a COE if you didn’t receive a [...]
By Allison Olsen0 Comment

FHA

Advantages of an FHA Loan: Flexible approval guidelines Low down payment options Fixed and adjustable-rate loans Loans for 1 to 4 unit properties and FHA approved condos The ability to use gift funds from a relative or employer Lower credit score requirements, contact us for more details Ready to Apply ? Apply online today. Apply [...]
By Allison Olsen0 Comment

Conventional

Program Highlights Lower interest rate options for borrowers with good credit. Flexible mortgage insurance options. Eligible property types include manufactured homes and condominiums. Flexible loan terms. Adjustable-rate, fixed-rate and jumbo mortgage options available. Ready to Apply ? Apply online today. Apply Online To apply online, simply complete our application form and we will get back [...]
By Allison Olsen0 Comment

Renovation

FNMA HOMESTYLE An FNMA HomeStyle® renovation loan allows for a 95% loan-to-value ratio (LTV)* for repeat homebuyers and a 97% LTV for first-time homebuyers. Allows you to be related to the contractor. Allows for Structural and Non-Structural repairs. Eligible property types: • 1 to 4-unit primary residences • 1-unit second homes • 1-unit investment properties [...]
By Allison Olsen0 Comment

USDA

Requirements for a USDA-Guaranteed home loan: Property must be located in a USDA-Approved rural designated area. Household members must have a cumulative total income that does not exceed the adjusted annual income threshold for the applicable location of the property. Borrowers must qualify for their current monthly liabilities and the mortgage payment, which include property [...]
By Allison Olsen0 Comment

Buying a Home

Fixed Rate Mortgage A fixed-rate mortgage is a home loan with an interest rate that does not fluctuate for the entire term of the loan. Read More Adjustable Rate Mortgage An adjustable-rate mortgage (ARM) a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. [...]
By Allison Olsen0 Comment

Refinance

There are quite a few different types of refinances. Below are some of the features and benefits of a refinance. Reach out to us to see how a refinance might be able to help you. Access equity in your home Change the term of your loan Get a lower interest rate Get rid of mortgage [...]
By Allison Olsen0 Comment

Loan Options

Reverse Mortgage If you’re 62 and older, you can use a reverse mortgage loan to purchase a new home, or turn your current home’s equity into cash. A reverse mortgage loan gives retirees the opportunity to potentially increase their purchase power or cash flow while eliminating monthly mortgage payments. You are still required to pay [...]
By Allison Olsen0 Comment

Ready to get started?

Apply Now

Contact Address

Allison Olsen NMLS# 187879
Fairway Independent Mortgage Corporation NMLS# 2289

2355 S. 1900 W. Suite B
West Haven, UT 84401

385-383-0123

loanscanbefun@fairwaymc.com

View Our Location

Mortgages

  • FHA
  • VA
  • Conventional
  • Reverse
  • Renovation

Company

*A pre-qualification is not an approval of credit and does not signify that underwriting requirements have been met.

*Eligibility subject to program stipulations, qualifying factors, applicable income and debt-to-income (DTI) restrictions, and property limits. Grant amount varies based on credit score. Loans Can Be Fun is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency.

Legal Disclosures | Privacy Policy | Terms & Conditions
  • Copyright ©2021 Fairway Independent Mortgage Corporation doing business as Loans Can Be Fun. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Complaints may be directed to: (877) 699-0353 or Email us: customerservice@fairwaymc.com