Ken Land NMLS#108157

If you have a VA mortgage already on your Charlotte house, and it is more than 2 years since you last refinanced or bought your house, consider looking into a VA Streamline refinance to see if you can save some money on your home loan.

Fairway Independent Mortgage is a licensed Mortgage Banker authorized to lend under the VA IRRL streamline refinance program.

At Fairway Independent Mortgage, we will need to have an appraisal performed on your house and can lend up to 90% of the appraised value. Neither Fairway, or any other lender, has any secret deals with the VA – interest rates are set by the open mortgage markets and can change daily. Closing Costs on VA Streamline refinance loans are very reasonable in North Carolina and South Carolina.

Call us today and let us see how we can help!

With the mortgage industry tightening up, this is one of the last "flexible" and special programs out there. Not only are these loans for primary residences, but it can be used for second homes and INVESTMENT properties as well! This is a great way for investors to pick up great bargains with less down than traditional financing.

Here are the main points to know:

• Can be purchase with as little as 3% down, and this can be a gift from a family member
• 660 credit score for 97% financing on primary
• 620 credit score for 80% financing on primary
• 660 for up to 90% financing on Second home
• 660 for up to 85% financing on Investment home
• Investors can purchase with as little as 15% down
• NO APPRAISALS NEEDED
• NO MONTHLY PMI

The HomePath product is not for all properties but it is very easy to find out if the house you are looking at will qualify. Check out www.HomePath.com and view properties that qualify in your area. They have everything from small condos to large jumbo homes! With the significant increases in PMI rates on FHA loans - this product can help increase borrowers' buying power by eliminating that part of the payment.

Like every loan, it is great for the right borrower and the right situation. Call or email me today to find out if this product is right for you or your client!

The Killer Jumbo Strategy for Charlotte Homeowners: The Home Ownership Accelerator.

If you have a 25% down payment, and are responsible with your finances, you need to know about the Home ownership Accelerator. This loan program will allow you to:

·Save thousands in interest

·Pay off in about half the time

•with No change to spending habits

This revolutionary loan program is not for everyone, but for the right person, there is nothing better. All the details can't fit in this blog post, so we created it's own web page. If you want to learn more, visit www.HOA.Fairwaync.com.

Lending guidelines for home buyers that are borrowing more than $417,000 are starting to loosen up - within reason. Larger homes in Charlotte have seen bigger price declines than other price points, so the values are now getting really attractive.

There are lots of ways to finance your next home in Charlotte - but, if you are borrowing more than $417,000, there are really only a few routes to go. The HOA will gives you the best flexibility, cash flow, and opportunity to save.

- for more info, call me directly at 704-200-2325 and I will answer all your questions.

Whether you are a first time home buyer, buying a vacation home, or even a seasoned investor the below link is important. I am a firm believer that knowledge is power and I came across this handbook and would like to share.

The link provided is using DropBox a great tool in sharing large files. I would not recommend printing out the handbook as it is quite lenghty but it does open as a pdf for easy viewing.

Please call me should you have any questions about home buying.

http://dl.dropbox.com/u/16434394/HomeBuyersHandbook.pd

One of the biggest complaints people have when it comes to the mortgage process is being asked to provide documentation and then being asked several times for more and more information. It's more the being "nickel and dimed" for paperwork that is the frustration of buyers. Now there are many reasons this can happen but most of the time it can be attributed to the failure of the loan officer to get the correct and adequat information upfront.

A great way to help the mortgage process go smoother is by providing the right documents and as much information up front as possible. I wanted to put together some "cheat sheets" that could serve as a good guide on what a buyer should have ready for their first meeting with their lender. Now obviously each and every situation is different but this is a great start for most.

You can click on the links below to access a pdf file for the scenario that best describes your situation. The documents are stored and being accessed via Dropbox.com

Salary/W2 Wage Earner -

http://dl.dropbox.com/u/16434394/Homework%20List%20Standard%20Salary.pdf

W2 Commission Based -

http://dl.dropbox.com/u/16434394/Homework%20List%20Commission%20Income.pdf

Self-Employed -

http://dl.dropbox.com/u/16434394/Homework%20List%20Self-Employed.pdf

Retired -

http://dl.dropbox.com/u/16434394/Homework%20List%20Retired%20Income.pdf

Again everyone's exact situation is different. There may be other things that need to be provided based on little nuances but if you follow the lists above, you will have a much more productive initial meeting with your lender. If you are working with a true professional that knows their stuff - they should be able to go through the documents provided and let you know of any red flags that could come up through the underwriting process.

The key thing to remember is that lending is a process of documenting and explaining the transaction on paper. Income, assets, and credit has to be explained out completely and lenders are asking for more paperwork - but by being more organized and efficient up front your loan will go much smoother.

I would love the opportunity to show you how smooth financing can be when done correctly!