GREENWAY BLOG

1 July 2025

Vacation Home vs. Investment Property: What’s the Difference?

  Buying a second home is an exciting step—whether it’s a cozy weekend getaway, a future retirement spot, or a property that brings in extra income. But before you start browsing listings, it’s important to understand how your intended use affects how the home is classified — and what that means for your mortgage, taxes, and more. Let’s break it down. Vacation Home (aka Second Home) A vacation home is a property you plan to live in for part of the year — not full-time, and not just as a rental. While it’s perfectly fine to rent it out when you’re not there, the key difference is that you can’t rely on...

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27 June 2025

MarketMinute | Rates begin moving lower in anticipation of earlier Fed cuts

Readings show that in June, consumers grew less pessimistic about the economy and inflation as global trade tensions showed signs of easing. Although new unemployment claims decreased last week, continuing claims increased to 1.97 million, the highest level since November 2021. Some Fed members have come out saying they would like to see the Fed cut policy rates as soon as next month’s meeting, if inflation stays low. Sales of new single-family homes dropped 13.7% in May and 6.3% from a year ago,...

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24 June 2025

Mindset Over Mortgage Matters

  Should You Follow the Crowd—or Make Your Move? It’s human nature to proceed with caution when you perceive risk—especially when others are doing the same. And in today’s real estate market, caution seems to be the name of the game. Many are hitting pause, holding off on buying or selling because they’re unsure of what’s ahead. But here’s the thing: the market isn’t in crisis. What we’re seeing is a shift—a return to a more balanced environment after a period of extreme conditions. Before you decide to sit on the sidelines, ask yourself: Will following the crowd help you reach your goals—or...

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18 June 2025

Digital Home Equity Line of Credit (HELOC)

Greenway’s Digital Home Equity Line of Credit (HELOC) Need funds for a renovation, debt payoff, or big expenses but don’t want to jump through hoops to get them? Your home’s equity might be the answer. Greenway’s new Digital Home Equity Line of Credit (HELOC) puts speed, simplicity, and flexibility at your fingertips. This is not your typical home equity line of credit. With a 100% online application , fast funding , and zero out-of-pocket costs , our Digital HELOC is the streamlined solution homeowners have been waiting for. Key Benefits of Greenway’s Digital HELOC 100% Online Application No need to...

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16 June 2025

Tapping into Your Home's Equity with a HELOC: A Flexible Financing Solution for Today’s Homeowners

  In today’s market, many homeowners are sitting on significant equity—but aren’t eager to give up the low mortgage rate they locked in a few years ago. That’s where a Home Equity Line of Credit (HELOC) comes in. A HELOC offers a simple, cost-effective way to access the equity you’ve built in your home—without refinancing your first mortgage. Whether you’re consolidating debt, tackling home improvements, or planning for major expenses, a HELOC gives you flexibility and control. What Is a HELOC? A Home Equity Line of Credit is a revolving credit line that lets you borrow against your home’s...

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