When you’re ready to get a home loan, it can help to have as much information about the mortgage process as possible. That way you can take the right steps towards getting your loan, and hopefully avoid some of the more common pitfalls along the way. To help you reach your goal of homeownership, here’s a list of do's and don’ts as you start with the process of getting a home loan and buying a home. DO: Keep All Records in Good Order. Availability - Keep your financial records close at hand in case updates are requested. Income – Be aware that underwriters typically verify your income and tax documents...READ MORE
For the Week Ending February 1, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. Consumer confidence was down this month, likely affected by the government shutdown. Still, consumer spirits remain robust by historic standards. The Fed left policy rates unchanged at this week's FOMC meeting. They also signaled that future rate hikes this year are less likely than previously forecast. Trade talks with...READ MORE
Purchasing a house is a very exciting time. Being able to be prepared will help you make an informed decision. So, take this opportunity to learn more about homebuying and the mortgage process. Ask yourself this question, “Am I Ready to Buy?” Buying a home offers many advantages, one of the most significant being that it allows you to build equity (ownership) when you pay your mortgage each and every month. A common myth is that monthly mortgage payments are more expensive than rent payments. However, in most cases, mortgage payments can be MUCH less than rent. So, when considering homeownership for the first time, you will need to decide whether...READ MORE
For the Week Ending January 25, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. The government shutdown continues to impact markets, with delayed economic reports keeping investors in the dark. Mortgage rates are unaffected so far. Plenty of global economic reports are available to cause concern for traders, though. China and Europe both show signs of slowdown. Jobless claims fell to a 49-year low last week. However, claims...READ MORE
A typical home payment has not changed much in the last dozen years. Incomes have risen, and slightly higher payments can actually be easier to afford than they were back then. At the current level, a median priced home is probably well within reach of a family earning close to the median income. Want to learn more? Ready to make a move? We’ll be happy to help you determine a payment and purchase amount that work for you. Please reach out.READ MORE
In 2017 and 2018, Greenway Mortgage was awarded Best Mortgage Company in Monmouth County, NJ by the Asbury Park Press' Reader's Choice Awards.