For the last few years, mortgage interest rates have been low and stable, but anyone following the news knows this has changed. While still at historically low levels, mortgage rates have become more volatile and are forecasted to continue fluctuating up and down shortly. What does this mean for home buyers?
Although the landscape has changed, home buying and selling will continue. So, it’s more important than ever for you to find the right lender that offers a range of program options and the highest level of client service. And, in today’s housing market, you’re going to come up against an increasing number of people who make cash offers on homes, so you need a lender who offers products to help you navigate this landscape.
Whether you’re a first-time home buyer, are looking to upsize or downsize into a new home, or if you live in, or are moving to, Pennsylvania, there are a lot of mortgage lenders you could choose to work with. So, how do you choose?
Team Hadley
Chris and Dana Hadley of Team Hadley are your local Pennsylvania Fairway Mortgage team. For over 25 years, Chris has empowered his fellow Pennsylvanians to build wealth through homeownership.
Team Hadley has a secret weapon in their mission to provide outstanding customer service; Chris’s business partner and wife, Dana. As a skilled loan officer with real estate experience, Dana has helped numerous home buyers in the Harrisburg area achieve their goal of homeownership.
Chris and Dana are here to make the home loan process easier, with tools and knowledge that will help guide you along the way. Whether you’re a first-time home buyer or a repeat buyer, they will help you see the differences between loan programs, letting you choose the home loan that best fits your needs.
“Chris was completely transparent with us while going through the process of becoming first-time home buyers! He was so helpful and truly cared about what we needed and what was best for us! We will use him in the future, and he will be recommended to our friends and family!” – Rhiannon M.
As the Branch Manager for the Camp Hill office with Fairway Independent Mortgage, Chris understands that it takes more than a home loan to secure your family’s dream house. He knows that the kind of mortgage someone obtains a key to their financial success and wealth building. That’s why he employs his vast professional knowledge and negotiating skills to connect buyers with the right mortgage to give them an edge over sellers while putting them in control. It all adds up to more choices and a faster closing.
Working with team Hadley, you will receive options based on your unique criteria and scenario. This brings us back to where we started. How can you compete with the rising numbers of cash offers sellers receive in today’s real estate market?
Competing with Cash Offers
Team Hadley and Fairway Independent Mortgage have designed, and are offering, three unique loan programs to help you compete with cash offers. Here are some of the highlights:
Fairway Advantage Pre-approval
As the home buyer, your loan is never 100% guaranteed until it clears the hurdle of mortgage underwriting, which comes after you’ve made an offer. That’s just how the process works. But the Fairway Advantage Pre-approval Program is as close to a guarantee as possible. Along with making you feel better, it makes the seller more at ease, too.
The program is more than a pre-approval – this is an actual loan approval from a Fairway underwriter given to you before you even begin your home search, which is a game changer when competing with cash offers. When making offers, you’ll be able to give the seller your underwriting approval which will make your offer stand out, letting the seller know that you are serious, have the funds available, and because there is less to do when your bid is accepted you will be able to close on the purchase quickly.
Fairway Cash Guarantee
Fairway understands the importance of being the best deal on the table, especially in a competitive market up against cash offers. The Cash Guarantee and Advantage Pre-approval combination gives you the purchasing power you need to compete with cash. Fairway is so confident that they will buy the seller’s home if they cannot close for a financing reason by the contracted date.
The Cash Guarantee Program has several benefits:
- The seller gets peace of mind from knowing the financing is guaranteed.
- The buyer can effectively compete with cash offers.
- There are no additional fees for the borrower to use this program.
- If the guarantee is triggered and the seller opts for Fairway not to buy their home, the contract will be terminated, and the seller will walk away with $10,000 paid to them by Fairway.
Lock, Shop, and Go
Fairway’s Lock, Shop, and Go program brings peace of mind to home buying by securing a competitive interest rate today while shopping for a home. This program allows you to lock in your rate for 90 days with no additional fee. And, if interest rates decrease while you’re shopping for your dream home, Fairway will re-lock your loan for up to 60 days at the lower rate.
This program is only eligible for purchase transactions and is available on all of Fairway’s Conventional, FHA, VA, and USDA fixed-rate programs.
The Lock, Shop, and Go program guarantees that your rate will remain in place for a period of time, allowing you more time to find the right home!
In Conclusion
Whether you’re looking to buy, build, or refinance your home, Fairway’s experienced mortgage professionals are here to help. Here at Team Hadley, we offer various loan options to help you achieve homeownership with the speed and service you deserve. Plus, our mortgage professionals are dedicated to finding the right loan to meet your needs, including programs that allow you to compete with cash offers.
Click here to learn more about Team Hadley and Fairway Independent Mortgage Corporation. To learn more about the special programs mentioned above, or if you’re ready to get started on finding the right mortgage program for you, contact your Team Hadley loan officer today or apply online.
