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2016: Homeowners Net Worth Will Be 45x Greater Than A Renter

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Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

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Client Testimonial

“I recently completed a home purchase with Craig Winters and Fairway Mortgage. I just wanted to write and say how incredibly pleasant and professional the entire process was. Craig went above and beyond on multiple occasions, including meeting with me on a Sunday. I have already recommend him to friends of mine and with absolutely use him on my next home purchase. Thank you Craig!”

Thanks again
Sheldon Doherty

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How to Buy and Sell a Home at The Same Time without Losing Your Mind

Ah, to be a first-time home buyer again: How easy it was to buy a home when you weren’t carrying another mortgage on your back!

If you’re looking to graduate from first-timer to repeat buyer, you know things are about to get much trickier. Unless you’re a bona fide house collector, you’ll have to sell your home in order to buy anew—adding a whole separate layer of anxiety to what you already know is a stressful home-buying process.

Buying and selling a home at the same time can be more than a little stressful. Save your sanity during the process with these tips.

How To Buy and Sell a Home at the Same Time

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Spending Green to Make Green

Even though it’s been warm, Fall is right around the corner. Before energy and heating costs pile up, there are a few ‪#‎green‬ DIY projects you can do today!

1. Replace burned out lightbulbs with energy efficient ones!
2. Replace and repair weather stripping around windows and doors.
3. Sevice your furnace, replace filters, clean air ducts. 
4. Fix leaky faucets and remember to turn your water off when it gets cold!

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Portland Real Estate by The Numbers

Portland Real Estate By The Numbers

Good news! Portland’s real estate market is brawnier than ever, with nearly 10,000 home sales in 2014 and a median price of $305,000—a rip-roaring 9 percent spike (or $25K) from the year before.

As a guide to this wild scene, we once again ran the numbers on home sales, demographics, transportation, and crime for Portland’s neighborhoods and suburbs. This year, we include new stats on livability and urban migration. (Boise has the biggest share of bike commuters, and 8 percent of today’s Portlanders lived in another state or different Oregon county just last year.)

Whether you’re a first-time buyer, looking for a bigger place, downsizing, or renting, Portland has a hood to make you happy. Just ask the city’s very busy real estate agents—like we did. Here’s where they choose to live, and where they’d bet on Portland’s long-term growth.

Lending The Fair Way

Lending, the Fair Way

Lending The Fair Way

Lending the Fair Way

At Fairway, our Core Values define who we are and what we strive to accomplish everyday—on behalf of our customers and employees. Our objective, in addition to providing excellent service to the customer, is to provide an atmosphere in which each branch can make the “Fairway experience” be exactly what it needs to be for themselves and their families. Fairway provides and will continue to provide the systems and the culture that enable each of our branches and salespeople to grow in the residential mortgage finance industry.

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P1030571-400x300Two Oregon Cities make Money Magazine’s 50 Best Places to Live

Perched along the Willamette River just 13 miles south of Portland, West Linn is the quintessential small town. Its Historic Willamette district (a.k.a. downtown) is a charming cluster of independent restaurants, coffee shops, and boutiques. The town plays host to all kinds of quirky annual traditions, from the Old Time Fair to the Ugly Sweater Dash. Meanwhile, locals can catch up and get to know each other at the farmer’s market, movie nights and concerts in Tanner Creek Park, one of many parks in this leafy little town.