There are various types, including fixed-rate mortgages with stable interest rates, adjustable-rate mortgages (ARMs) that can change, FHA loans offering lower down payments, VA loans for eligible veterans, jumbo loans for high-value homes, and interest-only loans with initial lower payments. The terms and conditions of each type of mortgage vary, so it is important to research each option thoroughly to determine which is right for you.
The mortgage application process typically involves filling out an application, submitting documentation such as proof of income and assets, undergoing a credit check, and getting an appraisal of the property. The lender will then review your application and either approve or deny your loan. If approved, you will need to sign the loan agreement and complete any other necessary paperwork before closing on the loan.
Use our free mortgage calculator to estimate your monthly mortgage payments. Here you can assess affordability and consider tax and insurance costs, and even save on interest. Whether you're looking to buy a new home or are considering a mortgage refinance, this caluclator can help you make well-informed financial choices.The default figures shown are hypothetical and may not be applicable to your individual situation.
Meet Your Lender
I'm Michael Dunsky, a Senior Loan Officer at Fairway Independent Mortgage Corporation. My journey in the mortgage industry began in 1988 when I started as a processor and later transitioned into an underwriter. By 1992, I became a loan officer. Throughout my career, I've been honored to be recognized in Mortgage Executive Magazine's top 1% of loan officers and as one of the top 200 loan officers according to the Scotsman Guide.
I attribute my success to my unwavering commitment to prioritizing my clients' needs. Above all, I see myself as an educator, dedicated to helping my clients discover the ideal loan option for their unique situations. Over the years, I've built strong relationships, with many repeat clients and referrals, even extending to my clients' children, earning a reputation for delivering exceptional lending experiences.
I hold a bachelor's degree in business and economics from Antioch College and am a native of Needham. I currently reside in Medway, MA, and I firmly believe in giving back to my community. For over two decades, I've been donating a portion of the proceeds from each loan I close to the Make-A-Wish Foundation. Additionally, I support RESPOND, Inc., New England's pioneering domestic violence prevention agency.
In my free time, I indulge in my passion for golfing, fishing, and cherishing moments while traveling with my wife and our four children.
About Fairway
Whether you’re looking to buy, build or refinance your home, our experienced mortgage professionals are here to help. Here at Fairway Independent Mortgage Corporation, we offer a variety of loan options that can help you achieve homeownership with the speed and service you deserve. Plus, our mortgage professionals are dedicated to finding the right loan with great rates, terms and costs to meet your specific needs.
Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond. We look forward to putting our mortgage service to work for you!