🎉 Mississippi Home Mortgage | Blair Chandler

Selecting the best mortgage plan for your specific needs in Mississippi can seem complex, but Blair Chandler at Fairway Independent Mortgage Corporation simplifies the process with expert advice and personalized guidance. Here’s how Blair can help you make the right decision:

• Understand Your Financial Situation: Blair begins by carefully assessing your financial profile, including your credit score, income, and debt-to-income ratio. This helps in determining which mortgage options are available and which will offer the most favorable terms for your situation.
• Identify Your Homeownership Goals: Whether you are purchasing your first home, refinancing an existing mortgage, or investing in real estate, Blair will work closely with you to understand your specific goals and recommend the best mortgage plan. Options like fixed-rate mortgages offer stability, while adjustable-rate mortgages (ARM) can provide lower initial payments.
• Compare Loan Programs: Blair provides you with a variety of loan options, including conventional loans, FHA loans, VA loans, and jumbo loans. He will explain the advantages and disadvantages of each loan type, helping you select the one that fits your financial goals, taking into account factors like interest rates, down payments, and loan terms.
• Consider Loan Terms: Selecting the right loan term is a key decision. Blair will help you decide between a shorter-term loan with higher payments but less interest over time, or a longer-term loan with lower monthly payments but more interest accrued over the life of the loan.
• Factor in Additional Costs: Blair ensures that you understand all associated costs with your mortgage, such as closing costs, property taxes, insurance, and private mortgage insurance (PMI) if applicable. He’ll make sure you’re prepared for every aspect of homeownership.
• Ongoing Support: Blair provides continuous guidance through every step of the mortgage process, answering your questions and making sure you’re comfortable with your decisions from start to finish.

By working with Blair Chandler at Fairway Independent Mortgage Corporation, you’ll receive personalized support to help you select the best mortgage plan for your unique needs in Mississippi. Contact Blair at (601) 500-2344 or email bchandler@priorityonebank.com to get started today.

Improving your credit score before applying for a mortgage can significantly increase your chances of securing better mortgage rates and terms. Blair Chandler at Fairway Independent Mortgage Corporation recommends taking the following steps to enhance your credit score:

1. Review Your Credit Report
   Start by obtaining a copy of your credit report from the major credit bureaus—Equifax, Experian, and TransUnion. Blair can help you review your report for errors or discrepancies that may be negatively affecting your credit score.
2. Dispute Errors on Your Credit Report
   If there are any inaccuracies on your credit report, you can dispute them with the credit bureaus. Fixing these errors can have a positive impact on your credit score. Blair will guide you through the process to ensure your credit report reflects accurate information.
3. Pay Down Credit Card Balances
   One of the quickest ways to improve your credit score is by lowering your credit utilization ratio. Aim to reduce your credit card balances to less than 30% of your available credit limit. Blair can offer strategies for managing your debt and improving your overall credit profile.
4. Avoid Opening New Credit Accounts
   Refrain from opening new credit accounts or taking on new debt in the months leading up to your mortgage application. Doing so can result in a temporary drop in your credit score and increase your debt-to-income ratio, which could affect your mortgage eligibility.
5. Make Timely Payments
   Consistently paying your bills on time is crucial to improving your credit score. Your payment history plays a significant role in your overall score. Set up automatic payments or reminders to ensure you never miss a payment.
6. Address Negative Items
   If you have any negative items such as late payments or collections on your credit report, Blair can help you create a plan to address these issues. This might include paying off old debts or negotiating with creditors to remove negative marks from your report.

By following these steps, you’ll be in a better financial position when applying for a mortgage. For personalized guidance on improving your credit score, contact Blair Chandler at Fairway Independent Mortgage Corporation at (601) 500-2344 or email bchandler@priorityonebank.com.

Yes, you can refinance your mortgage or purchase a new home with the assistance of Blair Chandler at Fairway Independent Mortgage Corporation. Whether you’re looking to refinance to save money or buy a new property, Blair can guide you through the process:

Home Purchase with Blair Chandler at Fairway Independent Mortgage Corporation

• Pre-Qualification and Pre-Approval: Blair will help you get pre-qualified or pre-approved for a mortgage, which gives you an estimate of how much you can borrow and strengthens your position as a buyer. A pre-approval letter also shows sellers that you are a serious and qualified buyer.
• Explore Loan Options: Blair offers a variety of mortgage products, including conventional loans, FHA loans, VA loans, and jumbo loans. He will help you understand the pros and cons of each option and guide you to the one that best fits your financial situation and long-term goals.
• Competitive Interest Rates: Blair works diligently to secure the most competitive interest rates available, ensuring you save money over the life of your loan.
• Step-by-Step Guidance: Blair provides personalized, step-by-step support throughout the entire home buying process. From application to closing, Blair ensures that you are informed and confident in every decision.

Refinancing with Blair Chandler at Fairway Independent Mortgage Corporation

• Lower Your Monthly Payments: Refinancing your mortgage with Blair can help you lock in a lower interest rate, which can result in reduced monthly payments and overall savings.
• Cash-Out Refinancing: If you’ve built up equity in your home, Blair can help you explore cash-out refinancing options, which allow you to use your home’s equity for home improvements, debt consolidation, or other financial needs.
• Adjust Loan Terms: Refinancing may also give you the option to adjust your loan term, whether you want to shorten the term to pay off your mortgage faster or extend it to lower your monthly payments.

For expert advice on refinancing or buying a home, contact Blair Chandler at Fairway Independent Mortgage Corporation at (601) 500-2344 or email bchandler@priorityonebank.com.

To begin your mortgage application process smoothly, it’s important to have the necessary documents ready. Blair Chandler at Fairway Independent Mortgage Corporation advises gathering the following:

General Documents for Mortgage Applications

• Proof of Income:
  • W-2 Forms: Provide W-2s from the last two years to verify your employment and income history.
  • Pay Stubs: Submit your most recent pay stubs, typically covering the past 30 days, to confirm your current earnings.
  • Tax Returns: Self-employed individuals may need to submit tax returns from the past two years for income verification.
• Proof of Identity:
  • Government-Issued ID: A valid driver’s license or passport is required to verify your identity.
  • Social Security Number: Needed to pull your credit report.
• Credit History:
  • Credit Report: Blair will review your credit report and history to assess your eligibility for a mortgage.
  • Debt Information: Provide documentation of any outstanding debts, such as credit cards, student loans, or car loans. This will help calculate your debt-to-income ratio.
• Proof of Assets:
  • Bank Statements: Submit bank statements from the past two months to verify your financial reserves for a down payment and closing costs.
  • Retirement or Investment Account Statements: If you plan to use funds from a retirement or investment account, you’ll need statements showing the balance and transaction history.
• Proof of Employment:
  • Employment Verification: Blair may need to contact your employer to verify your employment. Self-employed applicants will need to provide additional documents, such as business licenses or profit and loss statements.

Loan Program-Specific Documents

• Conventional Loans: Require detailed documentation of income and assets, as well as higher credit scores.
• FHA Loans: For borrowers with lower credit scores, these loans may require additional documentation to confirm eligibility.
• VA Loans: Veterans and active-duty service members will need a Certificate of Eligibility (COE).
• USDA Loans: For rural borrowers, you’ll need to confirm that the property meets USDA eligibility guidelines.

By preparing these documents in advance, you’ll streamline the mortgage process and avoid delays. For more information, contact Blair Chandler at Fairway Independent Mortgage Corporation at (601) 500-2344 or email bchandler@priorityonebank.com.