There was an error in this gadget

Tuesday, March 27, 2012

We have some great events coming up!

FAIRWAY is busy this spring, bringing good stuff to our neighborhood and community!

April 11 - The Truth About Reverse Mortgages
Our very own Reverse Mortgage Specialist, Dennis Cronin, is teaching a small 'lunch and learn' at the Apple Tree on Centerville Rd. Reverse Mortgages aren't right for everybody, and there is a lot of fear, and even misinformation out there on the subject. This class is aimed at senior home owners who want to learn the facts. Seating is limited, so advanced registration is necessary. Register online at http://www.fairwaypa.com/reverse/ or by calling Dennis at 717-431-9299 x107.

April 14 - Highway Pickup along Rte 30
Each year, the Lancaster FAIRWAY Independent Mortgage team picks up litter along Hwy 30, between Rohrerstown Rd. and Centerville Rd, as a contribution to our community and Keep Pennsylvania Beautiful. This year, with the winds we've been having, it looks like we have a little work cut out for us! If you're looking for a way to help your community and want to join us, we'd love the help! Ask for Cheyenne at 717-431-9299 x102.

April 19 - Realtor Summit Training at LCAR
This lunch n' learn series is for real estate agents looking to improve their professional knowledge. Our Realtor Summits have been met with great enthusiasm, so if you are an agent and haven't attended one yet, come along and check it out. You can register online at http://www.fairwaypa.com/resignup.html

April 29 - Race Against Racism
FAIRWAY Lancaster will be walking/running in the YWCA's Lancaster Race Against Racism.  There is more room on our team if you want to join us!  You can register online at https://www.raceit.com//register/?event=8425  Find FAIRWAY, and the password to join us is care.

Friday, March 9, 2012

Lowering PMI Costs

For those of you with high credit scores and may be using a conventional mortgage, your home financing is going to become less expensive. One of our favorite PMI companies is lowering their PMI costs for high credit score borrowers. To qualify, your middle credit score must be 760 or higher at time of application. This cost change is effective in Mid-March and applicable to all new applications for conventional mortgages.

FHA costs are rising... effective 4/1/2012

For Home buyers... If you are financing a home with an FHA mortgage, the costs on the FHA mortgage insurances are going up, for all applications taken after April 1st. This is across the US, ALL FHA loans. The financed premium is going from 1% to 1.75% and that gets added to your mortgage. And, the monthly premium is being increased by an additional .10 basis points. What’s this mean? On a $160,000 home purchase, the monthly payment is going up about $20/month, even if interest rates stay the same. To avoid this increase, you must have your home under contract and make application (or have your FHA case number pulled) before April 1st, 2012. Call us if you have any questions on this or want to discuss in more detail on how this might affect you. 431-9299.