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Mortgage and Lending - Fairway Independent Mortgage Inc. - NMLS #196099
Timely and relevant information about obtaining a mortgage, credit scores, FHA, VA, and No Down Payment Loans in the DC Metro area.
Many first time buyers in Virginia have asked me this question, "Are closing costs the same as down payments?" In this week's video tip your FHA Mortgage Lender explains down payments and closing costs when buying a home in Woodbridge, VA If unable to view the video click here. No Closing Costs
In this week's video tip Woodbridge Mortgage Lender answers the question from a first time buyer using a FHA Loan "If I'm having an Appraisal done why do I need a Home Inspection?" (Watch for a suprise at the 50 second mark....)  
This is exactly what my Veteran Home Loan buyer in Virginia is saying since their closing last week. Veteran Home Loans have features and benefits unlike any other loan program (rightfully so). In this week's VA Loan Tip we share how to get the seller to pay off your car to buy their home. Subscr...
When does a  mortgage refinance make financial sense for Virgina Homeowners? A mortgage refinance makes sense where your goals and overall plan for your home meet in the middle. Every persons financial situation is different but typically a mortgage refinance can be good for homeowners looking to...
HARP is the acronym for the Home Affordable Refinance Program. This refinance is for homeowners in Virginia that are underwater. HARP was first started in March 2009 but recently President Obama updated the program to help more underwater homeowners.   Here is a short video to explain how to reci...
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As a FHA Mortgage Lender I have come to the conclusion that buyers do not want a mortgage. What they do want is a place to create memories, security, stability, or maybe to start a family. Hey first time buyers let's not put the cart before the horse. Unless you can pay cash a mortgage loan is a ...
 I had a call from a client that wanted to purchase a home with a Veteran Home Loan. After review of the credit report, the income to debt ratios (the numbers we use to actually caclculate buying power) were too high for VA Loan Approval based on the prospective property. But the wife had just "f...
I am sure you have heard the news about historically low mortgage rates, upside down refinances,FHA Streamline Loans or VA Streamline Refinances... And I am sure you have asked the question  Should I Refinance? Watch the short video below to make an informed decision about refinancing your mortga...
FHA Loans require a three and a half percent downpayment of the sales price. There are several acceptable sources of FHA Downpayment. In this week's video tip FHA Mortgage Lender, Markita Woods, answers the question about tax returns and FHA Loans   Having trouble viewing the video click "FHA Dow...

Markita Woods NMLS#196099

Queen of Mortgages - FHA, VA, Conventional, USDA
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NMLS# 190699