Ken 's Blog

Mortgage and Lending - FAIRWAY Independent Mortgage Corp
Ken Pederson, a mortgage lender and Certified Mortgage Planner in Pennsylvania, talks about wealth accumulation and mortgage advice.
  When it rains, do you run for cover or do you push through it, maybe even getting a little wet with the knowledge that you'll dry off soon enough?  Life has adversity.  It's part of the package.  How you face it determines your successes.Also, don't forget to register: http://www.realtorsummit...
Is now a good time to buy a home?  Now is a really good time to buy a home... for a number of reasons: 1. Mortgage rates are still historically low, however, are expected to rise thru the year and hit the low 5's in the first quarter of next year. 2. Home prices, in many parts of the US, are stil...
How some home buyers save $116/month... we had a borrower come to us who has a small down payment and gift money. His lender was pushing him into FHA. We were able to get him into a conventional loan program where he can use gift money, with only 5% down payment. Saved him $116 per month. It pay...
How strong is your buyer's offer?  When we issue our solid Pre-Approval letter, we've reviewed your buyer's credit and documentation, and consulted underwriting resources.  That's how we're able to offer a Guarantee to Close with our Pre-Approval letter.  This isn't just a piece of paper.  We ba...
When is 3% down payment really less than a 3% down payment?  I was just working with someone looking to buy a $175,000 house with 3% down, which is $5,250. I got them into a loan product where they use less than $4,000. Call me for more details: 717-431-9299 Also, Lancaster area Realtors, on May...
OK, you found a ready buyer and then they mention their previous "short sale" or foreclosure... How long do they have to wait until they can buy a home?  I strongly recommend that you call us to discuss at 717-431-9299 or your local FAIRWAY Loan Officer...  However, here's a handy chart so you ha...
We distinguish our service from other mortgage companies in the fact that we issue a true Pre-Approval - not a pre-qual.  The difference?  We collect the docs and do the research up front, so when we send out a Pre-Approval, we mean it.  That's all well and good, but how can we get the message a...
Have you ever been called by a lender a few days or hours before closing only to be told the loan can't be approved due to XYZ excuses?  And not because of the appraisal, which almost everyone except for the seller may understand?  The loan was denied due to a Loan Officer error or because the bo...
Wednesday, February 19th, LCAR is holding a continuing education class on Reverse Mortgage Purchase Loans. Reverse Mortgages are a widely misunderstood loan product that's good for some, not for others.  This is a perfect opportunity to learn the difference, and see if/where this product could i...
  Realtors, the market is picking up and it's time to prepare for a strong real estate spring. And a list of what will be covered at our upcoming Realtor Summit Training Lunch and Learn 1/28/2014. What the top 1% of Realtors are doing, open house checklist, feedback from home buyers and how to cr...

Ken Pederson

Certified Mortgage Planner
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