Greenway Mortgage Blog

15 February 2022

How to Think Strategically in Today’s Real Estate Market

Have you ever played Chess, the game of life, before? Chess requires you to plan and think about strategy, it’s a game about making strong moves and sticking by them. Every decision made has an impact on the rest of your game. Well, the same can be said about buying a home; planning and thinking about strategy ahead of time is extremely important from the very beginning stages. Economists expect the 2022 housing market to be a tad gentler to home buyers. However, the homeownership dream will still require strategy and stamina. Have no fear! We’ve got a few good tips to ensure your home buying plan is as strong as possible when you begin your home search. #1:...

11 February 2022

MarketMinute | How Fast Are Homes Selling?

Unemployment claims for last week came in lower than expected at 223K. Claims have dropped from a record high of 6.149 million in early 2020. Consumer prices surged even higher than expected in January, climbing 7.5% year over year. That’s the largest annual gain since 1982. A strong labor market and rising inflation have increased the probability of a larger policy rate hike to come at March's Fed meeting. Foreclosures were up in January after a pandemic moratorium ended, though still less than 50% of January...

9 February 2022

Mortgage Guideline Update | Documenting Self-employed borrowers

Finally some good news in the mortgage world! 🗞🗞→ Documenting income for self-employed buyers is returning to normal. What does this mean? In typical scenarios, borrowers who rely on self-employment income may now submit their most recent federal income tax returns as proof of income, as long as the returns are no earlier than 2020. How does this help? Covid-era rules for certain government-backed loans required self-employed borrowers to submit recent P&L statements, asset account statements, and more. It’s much easier for most to supply tax returns instead. If you know of anyone who delayed a mortgage because of the extra...

8 February 2022

Turning Dreams into Reality with an FHA Home Construction Loan

If you’re looking for an all-in-one financing solution to build your dream home, look no further. The FHA Construction Loan is one of Greenway’s Specialty One-Time Close Construction Loans. Low inventory and rising home prices can make buying a home challenging. There’s no reason to wait for your perfect home to become available on the market. With an FHA construction loan from Greenway Mortgage, you can build the home you want—and finance it with just one application and one closing. It's that simple! The Lowdown on the FHA One-Time Close Construction Loan… The FHA One-Time Close Construction Loan...

4 February 2022

MarketMinute | How is new construction helping the inventory shortage?

Private payrolls fell by 301K in January vs the expected 200K gain, according to ADP. The drop is blamed on the Omicron variant’s spread. The core personal consumption expenditures price index, an inflation gauge watched closely by the Fed, rose 4.9% year over year in December. Job openings totaled nearly 11 million in December, more than 4.6 million above the total unemployment level, according to the Labor Department. Although housing inventory remains tight, single-family housing starts reached 1.123 million last year, the highest level since...

GREENWAY BLOG

How to Think Strategically in Today’s Real Estate Market

MarketMinute | How Fast Are Homes Selling?

Mortgage Guideline Update | Documenting Self-employed borrowers

Turning Dreams into Reality with an FHA Home Construction Loan

MarketMinute | How is new construction helping the inventory shortage?