It’s frustrating to see so many people in need, especially seriously ill children. On August 14, I will join hundreds of others to help these children by participating in the “Running for Wishes” CIGNA Falmouth Road Race 2010 to raise money for MAKE-A-WISH foundation of Massachusetts and Rhode Island.
For the past 3 years my Fairway New England Mortgage office in Auburn has donated $100, on behalf of our clients, for every closed loan transaction and has sponsored 6 wishes to date. By making a pledge, you help me continue to make your business count not only for you but to help grant wishes for these children and their families. As part of the fundraising, my goal is to continue to help grant at least 2 wishes per year.
As one of my sponsors, you can help make a difference! You can donate online with a credit card, by phone or mail by following the directions listed on the FirstGiving website. All donations are secure and sent directly to MAKE-A-WISH FOUNDATION OF MASSACHUSETTS AND RHODE ISLAND by FirstGiving, who will email you a printable record of your donation.
If you know someone else would be interested in donating for this great cause, please feel free to forward along my request.
Thank you in advance for your donation and generosity!
Bill Murphy
ATTENTION ALL REALTORS!
Must see information about appraisals and appraisers!
Rates Hit Below 5, but won't last long! Call to get locked in TODAY!
Rate versus Price Reduction
Since the Fed's Mortgage Backed Securities purchase program ended, the markets have seen much more volatile price swings.and rates overall are off their lows. For potential buyers who are waiting to see if home prices come down a little more, that means the wait could well cost you more money in the long run.
Let's look at an example to see why. Say a home buyer wants to buy a home that costs $300,000. But the buyer wants a better deal on the home, so she delays a transaction until the home is reduced by $10,000. If, in the meantime however, rates were to rise .75% to 6.00% and the buyer financed 90% of the purchase price, the amount of total payments over a 30-year term would be over $35,000 more than paying the $300,000 purchase price and locking in the 5.25% interest rate. In other words, the buyer would save $10,000 only to end up paying $35,000 more.
Now these prices and rates are just for the sake of example. But the point is that home prices are alread y very affordable.and rates are still low for now. So in the end, waiting for a home price to reduce may end up costing you much more than you expect if rates rise.
Working with the Fairway Team
How We Do Business
Buying a house is generally the largest purchase you’ll make in your lifetime. You want to enter into this process with someone you trust.
We want to create customers for life. To do that, we understand we have to offer you a world-class experience as you seek answers to your financial questions. We sit down with you to discuss your needs, wants and goals in life. We want to be your trusted advisor.
We don’t just take orders. We want to explore options with you and find the best terms that suit your financial strategy. You need to make educated decisions. We’ll help you find the right information.
We stay in touch. While you’re searching for your new home, we keep you informed on your loan status – you shouldn’t have to call us. And our relationship with you doesn’t end as the ink dries on the closing documents. Once your mortgage is finalized, expect to hear from us at least once a year, if not more often. We recognize that markets change and so do your financial circumstances.
Ours is a referral-only business. If you’re happy with our service, we hope you will share your opinion with others as they begin the home buying process.
When you work with us, you have access to a network of strategic business partners -- trusted professionals who can provide you with a wide variety of services, from legal advice and financial planning to accounting and insurance.
Peg Wheble from Make A Wish presenting Bill with this year's wish we were able to grant for a local child.
Who is the person that walked you through your last home loan? Can’t quite remember? Make this one a better experience. Buying your home is the greatest investment you’ll ever make. You need someone you trust – and someone you’ll remember – to guide you through the process to find your home loan solution.
My team recognizes that your property can be an effective asset for a lifetime. We are aligned with a renowned group of financial professionals that can share their expertise with you. Working together, we can find the right loan and the right terms for your situation.
As a Certified Mortgage Planning Specialist™, I can share greater resources with my customers. Together, we can develop the right wealth strategies for you. I can find answers to your tough questions. You’ll find I go further to meet your needs. My team keeps clients involved every step of the way. Once you’ve worked with us, you’ll never forget us!
I am excited to tell you about a TV show that I am hosting on Charter Channel TV3 called "Compass Toward Success." This TV series was developed with the intent to educate and inform homebuyers and sellers in today's home market.
"Compass Toward Success"
Show Times:
Monday & Friday: 2pm - 2:30pm
Saturday & Sunday: 1pm - 1:30pm
Monday thru Friday: 2am - 2:30am
Please click on the link below for a brief summary of the show. You can also access the show's TV episodes by clicking on the tab labeled "Compass TV Show" at the left side of this page .
Watch episodes of Bill's Compass Toward Success Tv Show by clicking the links from the tab on the left.
How can you improve your credit score?
It's virtually impossible to change your score in the time between when most people decide to buy a home or refinance their mortgage and when they apply. So the short answer is, you really can't "on the spot." But there are strategies you can live with to make sure when you apply for a loan your score is as high as possible.
Make sure that the information each of the three credit reporting bureaus has on you is consistent and up to date. Order a copy of your credit report about once a year, and dispute any inaccuracies.
Note: Theoretically, if a series of credit reports is requested on your behalf during a limited amount of time, your score goes down until time passes without any inquiries. Changes in the law though have made "consumer-originating" credit report requests not count so much. Also, a series of requests in relation to getting a mortgage or car loan is not treated the same as a number of credit card requests in a limited time. This is because the credit bureaus, and lenders, realize that people request their own credit reports to keep up with what's on them, and smart consumers shop around for the best mortgage and car loans.
Unsolicited credit card solicitations in the mail don't count against your credit report, so don't worry.
The two main components of your credit score are your payment history and the amounts you owe. Bankruptcy filings and foreclosures, which can stay on your credit report for as many as 10 years, can significantly lower your score. It's never a good idea to take on more credit than you can handle.
Late payments work against you. It's extremely important to pay bills on time, even if it's only the monthly payment.
Dont "max out" your credit lines. Since the size of the balance on your open accounts is a factor, lower balances are better.
It's said that by carefully managing your credit, it's possible to add as much as 50 points per year to your score.
"You certainly did a fantastic job of helping students to see the importance of doing a job well and in giving back to the community. The care and attention you pay to nurturing clients was heard by all. You gave us all many wonderful tips and guidelines for having successful lives and careers. Many thanks."
-Maureen S.
Dept of Business Administration/Economics
Worcester State College
"Thank you for allowing me the opportunity to work with you. As a token of my continued appreciation, I have purchased a subscription of YOU magazine on your behalf. "
"This is an on-line magazine that is delivered monthly. There are many great topics of interest that will benefit you. There are many great articles and well-known experts such as Tony Robbins, Ivan Misner, David Allen, and many more. "
ENJOY!
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"The Greatest Compliment I Can Receive Is A Referral From A Satisfied Customer."
Testimonials: Bill and Kellie, Thank you very much for the cookies, I just got it. Myself and Pooja had a wonderful experience working with you and your staff members, everyone was pleasant and we always got timely information as and when needed. We appreciate all your hard work and dedication in making our dream house a reality now…….. We would also like to thank you for suggesting us Steve Debs (Attorney) who gave guided us very well throughout the entire process. Overall we had a great experience working with Fairway…… I will be sure to recommend Fairway to my friends and colleagues, Have a great year ahead. Thanks. Aakash ____________________________ Hi Kellie, Just wanted to thank you for all your help with 5 Newman Drive, Rutland. We closed today and everything went as planned! Love when that happens! Hope to work with you and your company again! Take care, Michele J. M. ________________ Hi Bill, I just wanted to say thank you for the cookie basket, it was very thoughtful…. And the cookies were delicious! You and your team worked very hard to get this done and I appreciate everything you and Kellie did! I’ve already passed your name on to a few people and will continue to recommend you guys! You really are miracle workers! Thanks again, Michelle BDear Bill, As you know, I closed the re-financing of my home on Monday with Christine Zicaro and I just want to thank you and your very nice staff for making the whole process quite painless. Your professionalism, knowledge and efficiency were very impressive to me. Christine was also very helpful and explained every detail as I signed the thousand papers to close the whole deal! I will not hesitate to recommend you and your company to friends and family in the future. Warm regards, Gaile ____________________ Bill, I want to thank you for the excellent service we received from Fairway. We presented you with a challenging time frame to perform the close and you exceeding our expectations. I will be coming to you for any future mortgages and will be recommending you to anyone looking for a mortgage.Thanks too for the Dunkin Donuts gift card. I used it this morning! Thanks,Kevan ____________________ We were originally going with a family friend for our mortgage needs, but somewhere along the line, things became complicated. We felt it was best to change to another company while already in the process, and Bill really stepped up to the plate. He came highly recommended to us by our Attorney, and we couldn't have been happier. He and his team made the process as seamless and easy as possible. He bent over backwards to work with us and really went above and beyond to provide us with the very best rate possible...even up to the last minute! Bill was easy to communicate and work with, was very responsive, and tended to our needs like we were his only client. We were very impressed with his professionalism and follow through, and wouldn't hesitate to recommend him very highly to anyone looking for assistance with their mortgage. Corey and Melissa P. ____________________
