Harnessing the Buying Power of 2020 with Fairway

Interest rates are at historical lows. What does that mean for homebuyers? According to local Fairway Independent Mortgage Corporation lender Ashley McKenzie-Sharpe, a lot more potential opportunities!

Ashley should know. She’s one of the busiest mortgage lenders in the area and a top national mortgage lender for Fairway. “Lower rates are more than just how much interest you’ll pay for a loan,” Ashley explained. “They may impact how much house you can afford.”

Because rates are at historical lows, borrowers may be more inclined to purchase a home now rather than waiting. Before you start the home loan process, it is important to ensure that you have a healthy credit history, as credit may play a key role in determining what your interest rate may be. Ashley explains, “Higher credit scores may be considered lower risk, so ensuring your credit is healthy may help you enjoy a lower interest rate.”

Beyond credit and risk factors, mortgage rates may also be dependent upon the size of a homebuyer’s down payment. “A larger down payment potentially reduces the risk to the lender, prompting them to offer the homebuyer better interest rates,” said Ashley. “The type of home being purchased also has an impact. With a good credit score, buyers can truly harness the buying potential that is available in 2020!”

Ashley explains, “I love helping people buy a home. Whether it’s a first home or a fifth home — whatever the reason — I love working with people and families, helping them make purchases that are an investment in their daily lives and well-being. Homeownership is a part of the American dream, and my team and I take that very seriously.”

For professional mortgage advice on your new home journey, contact Ashley McKenzie-Sharpe, NMLS # 100776 of Fairway Independent Mortgage Corporation, located at 2098 Frontis Plaza Blvd., Winston-Salem, NC 27103. Call 336-575-9448 or visit www.FairwayLoansByAshley.com. Be sure to like or follow Ashley on Facebook and Instagram.

Copyright©2020 Fairway Independent Mortgage Corporation. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. Other restrictions and limitations may apply. All rights reserved. Equal Housing Lender. Georgia Residential Mortgage Licensee #21158. Fairway Independent Mortgage Corporation NMLS Entity ID #2289 (http://nmlsconsumeraccess.org/EntityDetails.aspx/company/2289).


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