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 could being the exception give you a better outcome?

Let’s Look at the Reality:

• Home prices are high, yes—but many sellers are motivated. That means there’s room to negotiate on price, closing costs, or even a rate buydown that can reduce your monthly payment.

• Interest rates are higher than they were in 2020 or 2021, but that was an anomaly. Historically, today’s rates are still below the 50-year average. Many successful buyers and investors purchased homes when rates were higher than they are now—and they built equity and wealth all the same.
  See historical rate data here.

• There’s no substitute for having a place to call your own. Whether it’s a condo, a single-family home, or a multi-unit property, owning your home puts you in control of your living situation—and your financial future.

Owning vs. Renting: What’s Really at Stake?

When you own your home, you're not just making a monthly payment—you’re making progress. You’ll have:

• The opportunity to build equity with each payment

• The freedom to personalize and improve your space without needing permission

• More stability in housing costs and living arrangements

• Potential tax advantages, like deductions for mortgage interest and property taxes (speak with your tax advisor for more info)

• A path to long-term wealth: Homeowners have a net worth nearly 40x greater than renters on average

Source: Federal Reserve Survey of Consumer Finances

The Bottom Line:

There’s no such thing as a “perfect” time to buy a home. But waiting for the market to feel safe or “normal” again could mean missing out on opportunities that are available right now.

Whether you’re ready to buy your first home, move up to something bigger, or make a strategic investment, talking through your options is a smart first step. The numbers, the market, and your goals all matter—and Greenway Mortgage is here to help you make sense of them.

Reach out today and let's chat about what’s possible. You might be surprised at what’s within reach. 888-616-9885

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 visit a branch. Apply securely from your home at any time.

• Fast Funding in as Few as 6 Days*
  Once approved, receive your funds quickly so you can move forward with your plans.

• Borrow Between $25,000 and $400,000
  Flexible loan amounts tailored to your home equity.

• Lower Interest Rates Compared to Credit Cards and Personal Loans
  Save money by using your home equity instead of high-interest alternatives.

• No Out-of-Pocket Costs or Prepayment Penalties
  Transparent terms with no surprise fees, plus full disbursement at closing.

• Wide Property Eligibility
  Available for primary residences, second homes, investment properties, and both warrantable and non-warrantable condos.

Smart Ways to Use a HELOC

A home equity line of credit offers flexible borrowing power that can adapt to many financial needs, such as:

• Home Renovations and Home Improvements
  Upgrade your kitchen, finish the basement, or finally replace that roof—with funds that could add long-term value to your home.

• Debt Consolidation
  Combine higher-interest debts like credit cards into one lower-rate payment.

• Major Expenses
  Cover tuition, medical bills, or other significant costs with ease.

• Emergency Funds and Financial Flexibility
  Keep funds accessible for life’s unexpected moments or opportunities.

Why a Digital HELOC Beats Other Borrowing Options

Unlike credit cards or personal loans, a HELOC lets you borrow against the equity in your home—often at significantly lower interest rates and with more borrowing power. But what sets Greenway’s Digital HELOC apart is the ease and speed of our online process. Instead of gathering paperwork, scheduling appointments, and sitting through meetings at a bank, you can apply securely from anywhere, anytime. It’s a faster, more convenient way to access your equity—without sacrificing personal support. From application to funding, everything is streamlined to save you time and stress, so you can focus on moving forward with your plans.

Let’s Unlock Your Equity Today!

Owning a home gives you options. Our Digital HELOC helps you use them.

Whether you’re ready to apply or just want to explore how much you could borrow, Greenway Mortgage is here to help.

Reach out today to learn more. 888-616-9885

*Eligibility requirements, exclusions and other terms and conditions apply. Certain states have rate, term and guidelines restrictions. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that the property is in at least average condition with a property condition report. Six business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Contact a Greenway Mortgage Loan Officer for complete details. Greenway Mortgage Funding Corp, NMLS#374480, 107 Tindall Road, Middletown, NJ 07748. Licensed by the N.J. Department of Banking and Insurance. Licensed by the PA Dept. of Banking and Securities. CT Licensed Mortgage Correspondent Lender. Licensed Mortgage Banker NYS Dept. of Financial Services. For complete licensing info go to www.nmlsconsumeraccess.org. Equal Opportunity Lender.

 

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 equity—similar to how a credit card works. You can draw funds as needed, up to a set limit, rather than taking out one lump sum upfront.

There are two key phases of a HELOC:

• Draw Period – Typically 5 to 10 years, this is when you can borrow from the line and make interest-only payments on what you use.

• Repayment Period – After the draw period, you begin paying back both the principal and interest, and you can no longer draw additional funds.

Why Consider a HELOC Now?

In a high-interest environment, a HELOC can be an attractive alternative to refinancing. If you already have a low mortgage rate, a HELOC allows you to keep it in place while still tapping into the cash you need.

Here are a few reasons why homeowners are turning to HELOCs right now:

• Avoid Refinancing Your First Mortgage: If your current rate is much lower than today’s market rates, a HELOC lets you borrow without losing your low-rate first mortgage.

• Lower Interest Rates Than Credit Cards: Most HELOCs carry significantly lower rates than consumer credit cards, making them a smart option for paying down high-interest debt.

• Only Borrow What You Need: You don’t have to pull the full amount up front—you can borrow as expenses come up, giving you control and flexibility.

• Fewer Upfront Costs: HELOCs generally have lower closing costs and a faster approval process than a full mortgage refinance.

Smart Ways to Use a HELOC

HELOCs can be used for virtually anything—but using them strategically can help strengthen your long-term financial picture.

Here are some common use cases:

• Home Improvements: Upgrade your kitchen, finish your basement, or add a deck. Not only will your home be more enjoyable, but the improvements could boost its resale value. (Bonus: some improvements may offer tax advantages—check with your tax advisor.)

• Debt Consolidation: Transfer high-interest balances (like credit cards or personal loans) to your HELOC to simplify payments and reduce your interest rate.

• Emergency Fund or Opportunity Reserve: You don’t need to use the funds right away. Many homeowners establish a HELOC just to have a financial cushion for unexpected costs or future investment opportunities.

• Education Costs: Cover tuition, housing, or travel expenses for a child’s (or your own) education—with flexible repayment terms.

• Down Payment on a Second Home: Use your primary home’s equity as a springboard for buying a vacation property or investment real estate.

Are There Any Risks?

As with any financial tool, it’s important to weigh the potential downsides:

• Variable Interest Rates: HELOCs often have rates tied to the prime rate, which means your payment could go up if interest rates rise.

• Your Home Is Collateral: A HELOC is secured by your home, so failing to repay it could put your property at risk.

• Market Risk: If home values decline, you could end up owing more than your home is worth—especially if you’ve tapped a large portion of your equity.

Is a HELOC Right for You?

A HELOC may be a good fit if you:

• Want access to funds but don’t want to refinance your low-rate first mortgage

• Prefer the flexibility of borrowing over time instead of a large lump sum

• Have plans for home improvements, debt consolidation, or large expenses

• Want to create a financial backup plan or reserve for the future

Let’s Talk About Your Equity Strategy

If you’re wondering whether it makes sense for you, our Loan Officers are here to help you evaluate your options and find the right fit.

We offer a variety of HELOC solutions, including digital options that make applying and managing your line of credit fast and convenient. Whether you’re planning a big project, consolidating debt, or just want a flexible financial safety net, we’ll help you put your home equity to work—on your terms. Let’s connect and find the right HELOC strategy for you.

Contact us to get started today. 888-616-9885

 

Just like you schedule regular checkups for your health or routine maintenance for your car, your mortgage deserves the same attention. With interest rates and market conditions constantly shifting, a mortgage checkup can help you make sure your home loan is still the right fit for your goals and lifestyle.

What Is a Mortgage Checkup?

A mortgage checkup is a quick review of your current home loan to see how it compares to today’s market. With just a few clicks, you can evaluate whether your mortgage is still competitive — or if it’s time to consider refinancing, restructuring, or leveraging your home equity for other financial needs.

✅ Check your mortgage now with our FREE Mortgage Checkup Tool

We update the rates every weekday, so feel free to revisit this tool anytime.

Why You Should Get a Mortgage Checkup

Still wondering if it’s worth it? Here are some of the benefits of reviewing your mortgage regularly:

Stay Aligned With the Market

• Interest rates can change rapidly. A checkup helps you spot opportunities to save.

• You may qualify for a better rate based on your improved credit score or increased home value.

Identify Potential Savings

• Refinancing might reduce your monthly payments or lower your total interest paid over time.

• You could switch from an adjustable-rate to a fixed-rate mortgage for more predictability.

Adapt to Life Changes

• Planning renovations or consolidating debt? Tap into your home equity with confidence.

• Life events like marriage, growing a family, or career shifts might require a new loan strategy.

Get Expert Guidance

• As your mortgage professional, our Loan Officers can walk you through your results and offer personalized recommendations based on your financial goals.

When to Check Your Mortgage

You don’t have to wait until rates drop. Consider a mortgage checkup if:

1. Your current interest rate is over 1% higher than today’s market average

2. Your credit score has significantly improved

3. You’ve owned your home for more than 2 years

4. You're planning home improvements, debt consolidation, or a major life change

5. You're simply unsure if your current mortgage is still the best fit

It Only Takes a Few Minutes to Get a Mortgage Checkup

The best part? A mortgage checkup is quick, easy, and completely free. Whether you’re curious about refinancing, unlocking home equity, or just making sure you're on the right track — this is a smart step for any homeowner.

Greenway is here To Help!

Have questions about your results or want to explore your options further? Let’s talk! Our Loan Officers are happy to help you through any phase of your homeownership journey. And if you know friends, family, or co-workers who could benefit from a mortgage checkup, feel free to send them our way. 888-616-9885.

 

Owning a home isn’t just a milestone—it’s a move that shapes lives, builds communities, and creates long-term stability.

June is National Homeownership Month, a time to reflect on the impact of homeownership in today’s world. Whether you’re thinking about buying your first home or already enjoying the benefits of ownership, this month is about recognizing the personal and financial power of having a place to call your own.

From building equity to planting roots in a community, homeownership continues to be a cornerstone of the American Dream. Let’s take a closer look at where it all started, the benefits it brings, and the resources available to help you take the next step.

A Look Back: The Origins of Homeownership Month

National Homeownership Month traces its roots to a 1995 initiative under the Clinton administration, which began as a week-long recognition of the importance of homeownership. In 2002, it was expanded into a month-long observance.

Since then, June has served as a time for industry professionals, government agencies, and housing advocates to come together in support of future homeowners — offering resources, guidance, and encouragement. It’s a celebration of possibility, progress, and the dream of having a place to truly call home.

The Non-Financial Benefits of Homeownership

Owning a home brings much more than equity and tax benefits — it delivers intangible rewards that shape our lives in meaningful ways:

• Pride of Ownership: Your home is a reflection of who you are — a place where memories are made and personal touches come to life.

• Community Connection: Homeowners often feel more invested in their neighborhoods, leading to stronger ties and greater involvement in local activities and initiatives.

• Stability & Security: Having a permanent place to live fosters emotional stability, supports family growth, and offers peace of mind.

The Financial Advantages of Owning a Home

Homeownership continues to be one of the most effective ways to build long-term financial health. Here’s how:

• Equity Growth: Each mortgage payment increases your ownership stake, building long-term wealth.

• Home Appreciation: Historically, homes tend to increase in value over time, making real estate a smart investment.

• Inflation Protection: With a fixed-rate mortgage, your housing costs stay stable even as rent prices rise.

• Tax Benefits: Homeownership may come with tax deductions—talk to a tax advisor to explore potential savings.

• Increased Net Worth: Owning a home significantly boosts household net worth and provides financial flexibility for future goals.

2025 Homeownership Statistics

Here’s where we stand today:

• As of Q1 2025, the U.S. homeownership rate is holding steady at 65.7%.

• Millennials continue to lead as the largest segment of home buyers, making up 39% of recent purchases.

• The average age of first-time homebuyers is 35, according to the 2024 NAR Profile of Home Buyers and Sellers.

• As of early 2025, the average mortgage-holding homeowner has $312,000 in equity (ICE Mortgage Monitor Report)—a jump from $299,000 in early 2024 and a sharp rise from $182,000 in early 2020.

Free Homebuyer Resources

To support and educate potential home buyers, Greenway provides a wealth of free information and resources.

• FREE First-Time Home Buyer eBOOK – Packed with resources & checklist

• First-Time Home Buyer Resources – Explore options designed to help new buyers

• Home Buying Comparison Chart - Handy tool for comparing properties

• Buying Your First Home – Learn what to expect step-by-step

• Renovation Mortgage Programs - Finance upgrades & improvements

• Construction Loans - Build your dream home from the ground up

• FREE Construction Loan Guide Book - Everything you need to know in one place

• Mortgage Calculators – Budget smarter with our tools

• Mortgage Terms – Understand key terms and jargon

• What to Expect During the Mortgage Process- Prepare with confidence

• When Can You Cancel Your Private Mortgage Insurance? - See when you can cancel PMI

• Get a FREE Pre-Approval -Fast online application to get started

• Ready to get started? Apply Now using our online application.

 

Bottom Line

As we celebrate Homeownership Month this June, we’re reminded that owning a home is more than just a milestone — it’s a foundation for long-term success, stability, and community connection. Whether you’re just getting started or ready to take the next step, the journey to homeownership is one worth taking — and we’re here to support you every step of the way.

→ Ready to get started? Apply Now or reach out for more information. 888-616-9885.