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. 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
A mortgage is a secured loan used to purchase real estate. Real estate secures your mortgage loan. On average, the most common mortgages last for a period of 15 or 30 years.
Navigating through different types of mortgage loans can be overwhelming, which is why we have a number of Fairway Loan Officers to assist you. Our loan officers will supply you with distinct information to make your lending process a smooth ride.