There are a myriad of regulations and guidelines set forth by the governing entities for mortgage companies. You may have heard of such giants as Fannie Mae or Freddie Mac. What many people do not know, is that after they write guidance and rules for mortgage banks, that particular bank will oftentimes make “rules on top of rules” which are called overlays.
So you may call one Bank and get one answer, and then another Bank with a completely different answer. When I selected Fairway Independent Mortgage Corporation, I vetted them to ensure that we were following the letter of the law set forth by Fannie Mae, Freddie Mac, and Ginnie Mae. It does not benefit my client for us to write any rules on top of the rules and it allows me to HELP MORE CLIENTS than other lenders can.
I have heard the phrase “you sound too good to be true, I have been told no by so many people” hundreds of times in my career. At Fairway Independent Mortgage Corporation, we offer a variety of loan programs so that our clients can find the perfect mortgage that fits their mortgage needs. We also work to make the loan process easier through our educational and customer service practices.