GREENWAY BLOG

15 July 2025

Is it a good idea to use a HELOC to consolidate debt?

  Why a HELOC is a Smart Choice for Homeowners Looking to Consolidate Debt Carrying a large debt can feel like walking around with a giant rain cloud over your head. Overwhelming debt usually comes from student loans, credit cards, personal loans, and auto loans. If you are a homeowner, a home equity line of credit (HELOC) could be a good way to consolidate debt and lower interest rates, making it easier to get out from under the cloud.    Key Takeaways: A HELOC can be a smart choice for homeowners looking to consolidate debt because it typically offers a lower interest rate. This makes paying off the loan easier, as the...

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11 July 2025

MarketMinute | See real estate's legislative wins

In a recent Fed survey, consumers expected inflation to be at 3% a year from now, down from previous surveys and back to pre-tariff levels. Last week's stronger-than-expected jobs data surprised markets and took chances of a July Fed policy rate cut off the table. Continuing unemployment claims, an indicator of the total unemployed population, came in at the highest level since November 2021. Purchase mortgage applications rose 9% for the week and were a staggering 25% higher than the same week a...

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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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