Josh Murphy, branch manager of the North Boise - Fairway Independent Mortgage office, has been offering his lending expertise to clients since 2004. Josh believes that honesty and integrity are the cornerstones for building trust and long-term professional relationships. With an emphasis on friendly and accountable client relations, his clients can be assured that they will receive impeccable service and comfort in knowing that their loan was processed according to their specific and sometimes unique needs.
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Buying a home is one of the biggest financial decisions a person can make and it is important to trust a Mortgage Planner to help you with the process.
Mortgage Planners at Fairway Independent Mortgage Corporation take the time to listen to your overall financial goals and dreams of homeownership, and then work with you to put together the best loan program for you.
Not only are we committed to truly listening to your needs, we will also communicate at every step of the process, answering all questions you may have and making you feel very comfortable in your decisions.
Mortgage Planners at Fairway Independent Mortgage Corporation take the time to listen to your overall financial goals and dreams of homeownership, and then work with you to put together the best loan program for you.
Not only are we committed to truly listening to your needs, we will also communicate at every step of the process, answering all questions you may have and making you feel very comfortable in your decisions.
Refinancing is the process of obtaining a new mortgage in an effort to reduce monthly payments*, lower your interest rates, take cash out of your home for large purchases, or change mortgage companies.
Most people refinance when they have equity on their home, which is the difference between the amount owed to the mortgage company and the value of the home.
You can reduce the interest rate (and, therefore, interest costs) by financing at a lower rate.
This is a primary reason for refinancing.
Depending on the circumstances, you can save a lot of money!.
Most people refinance when they have equity on their home, which is the difference between the amount owed to the mortgage company and the value of the home.
You can reduce the interest rate (and, therefore, interest costs) by financing at a lower rate.
This is a primary reason for refinancing.
Depending on the circumstances, you can save a lot of money!.
2. I will look at your overall financial picture and talk to you about your goals for the future to find the loan that is right for you.
There are many loans and programs that might be best for you.
When we meet and talk about your financial objectives, we will determine which program is best suited for your needs.
I will explain lending in the simplest terms and show you various scenarios and how they may benefit you.
There are many loans and programs that might be best for you.
When we meet and talk about your financial objectives, we will determine which program is best suited for your needs.
I will explain lending in the simplest terms and show you various scenarios and how they may benefit you.
If you are planning to borrow $510,400 or less for a single-family home, you should be looking into a conforming conventional loan.
Conventional conforming loans are not made by a government entity, like FHA and VA loans, but instead follow the guidelines set forth by Fannie Mae and Freddie Mac.
These established guidelines usually call for a minimum credit score, certain income requirements, and a minimum down payment (generally between 3% and 20%).
Conventional home mortgage loans have either fixed or adjustable rates.
Conventional conforming loans are not made by a government entity, like FHA and VA loans, but instead follow the guidelines set forth by Fannie Mae and Freddie Mac.
These established guidelines usually call for a minimum credit score, certain income requirements, and a minimum down payment (generally between 3% and 20%).
Conventional home mortgage loans have either fixed or adjustable rates.
If you have credit challenges, an FHA loan may be the right answer for you, especially if you have been through a foreclosure or bankruptcy.
These loans usually have higher debt ratio allowances, which can make a difference when you have steady income but have debt from college loans, credit cards, etc.
This FHA insurance allows lenders such as Fairway to provide home loans with down payments as low as 3.5% of the purchase price.
The less restrictive guidelines allow borrowers who may not qualify for a conventional loan to refinance and consolidate debts into a low, fixed-rate loan.
These loans usually have higher debt ratio allowances, which can make a difference when you have steady income but have debt from college loans, credit cards, etc.
This FHA insurance allows lenders such as Fairway to provide home loans with down payments as low as 3.5% of the purchase price.
The less restrictive guidelines allow borrowers who may not qualify for a conventional loan to refinance and consolidate debts into a low, fixed-rate loan.
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