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Category: Blog / Education

Understanding VA Loan Eligibility Requirements

Posted July 24, 2024 in Blog / Education

Understanding VA Loan Eligibility Requirements

Securing a home loan can be a complex process, but for veterans, active-duty service members, and their families, VA loans offer significant benefits that make homeownership more accessible. As the best mortgage experts in South Dakota, we at Fairway Heartland …

Posted May 17, 2024 in Blog / Education

Homebuying tips!

Listen in as Chase Lage discusses the 10 common mistakes made, when buying your first home and how to avoid them.  

Divorced?

Posted December 22, 2022 in Blog / Education

Divorced?

If you are reading this you are probably thinking of ending your marriage, in the middle of divorce proceedings, or have completed the divorce process. That’s unfortunate.  Perhaps you and your ex-spouse or soon-to-be ex-spouse purchased a home together as …

How Long Does the Home Buying Process Take?

Posted December 13, 2022 in Blog / Education

How Long Does the Home Buying Process Take?

This is a question that I have answered hundreds of times during my mortgage career. Frankly, there is no perfect answer. Why? Because there are numerous parties involved but working towards the same goal. It only takes one person or …

Can I Have 2 VA Loans at the Same Time?

Posted December 2, 2022 in Blog / Education

Can I Have 2 VA Loans at the Same Time?

Let’s just start with the answer. Yes, you can have 2 VA loans…at the same time!! Recently, I was attending an educational real estate event and a 20 yr mortgage loan officer shared a story about how he “saved the …

The 20% Down Myth

Posted November 23, 2022 in Blog / Education

The 20% Down Myth

A recent nationwide survey revealed a staggering statistic. 77% of first-time homebuyers believe that you need a 20% down payment to purchase a home. When I learned of this I was in complete shock. This has been a requirement to …

Does the Fed Rate Affect Mortgage Rates?

Posted November 14, 2022 in Blog / Education

Does the Fed Rate Affect Mortgage Rates?

With high inflation in 2022 we are hearing a lot about the Federal Reserve, the Federal Open Markets Committee (FOMC), and Federal Funds Rate. Many Americans have a gross misunderstanding of what the Federal Reserve Board is and does. Unfortunately, …