GREENWAY BLOG

A greener look at a mortgage process unlike anything you have
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Gift Money for Mortgage Down Payment

Gift Money for Mortgage Down Payment

  Are you getting gift money to use for the down payment of your new home? If so, here are a few things you must know before funds start changing hands. The Donor: The donor of the gift must be a family member, fiancé or domestic partner. They must prove  the ability to provide the gift. This proof can be a copy of their bank statement, a copy of the canceled gift check or a signed letter from their bank evidencing the availability of funds. The underwriter’s discretion is always at play here, so more than one of these items may be required. The Gift Letter: We will provide a form for the donor to complete and sign. It will include items...

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MarketMinute | See what the Fed has planned for 2022

MarketMinute | See what the Fed has planned for 2022

  The Fed kept policy rates unchanged at this week's meeting and announced a faster reduction of its bond buying program, to finish in March. The Fed is expected to fight inflation by beginning to raise policy rates after concluding the bond buying program early next year. Wholesale prices rose 9.6% from a year ago, the highest level since November 2010. The pace was faster than the 9.3% estimate.   Strong demand buoyed homebuilder confidence, which ended the year healthy despite rising costs and labor shortages....

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Design Considerations when Creating a Work from Home Office

Design Considerations when Creating a Work from Home Office

  Want to create a home office to call your own? Before getting started you’ll want to take into consideration functionality as well as aesthetics. We’ve got some design tips to help you get started! Location Is Key No Spare Room? No problem. Find a small nook in your home to make into your work from your home office. All you need is a desk and a chair.    Don’t forget that natural light is your best friend! Make sure the area you pick has enough natural light flowing in. You’ll want to avoid any glare on your device screens as well. This way you can continue to be productive without straining your eyes. Storage Be...

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MarketMinute | How is inflation impacting holiday spending plans?

MarketMinute | How is inflation impacting holiday spending plans?

November job growth numbers came in at a disappointing 210K, below the expected 573K. Despite the big hiring miss, unemployment fell to 4.2%. Jobless claims dropped last week to 184K, the lowest level since 1969. A strong labor market could influence the Fed at next week's meeting. A recent survey shows individuals plan to spend an average of $1,004 on gifts this holiday season, the highest in 3 years, despite inflation worries. A brief drop in mortgage rates from Omicron concerns caused a sudden surge in refinancing last week. Refi applications jumped 9% for the...

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The Giving Pot

The Giving Pot

  It’s a joyous, festive time of the year, holiday lights, cozy fireplaces, gift-giving, family/friend gatherings, outdoor activities, and never-ending cups of hot chocolate!! The holidays bring out the best in us by sharing, caring, and spreading joy to everyone. Even doing something small like volunteering your time or donating a gift can make a difference, but also transform the world into a better, happier place. We could all agree that everyone can use some of that right now. Greenway Gives Back This Holiday Season : Here at Greenway Mortgage, our passion for home and community extends to our charitable giving. Throughout each year, we strive to make a...

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