GREENWAY BLOG

8 April 2025

What is a Loan Estimate?

  What is a Loan Estimate? When you apply for a mortgage, one of the most important documents you’ll receive is your Loan Estimate . This government-mandated form is designed to help you understand the costs associated with your home loan, making it easier to compare offers from different lenders. Knowing how to read and interpret your Loan Estimate can empower you to make informed decisions as you move forward in the homebuying process. What’s Included in a Loan Estimate? Your Loan Estimate provides a breakdown of key financial details, ensuring transparency in the lending process. The form highlights four areas: Loan Terms...

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1 April 2025

Renovate or Relocate? Deciding What's Right For You

  The house that once felt like your dream home may not always meet your needs as life evolves. A growing family, a new job, or simply outgrowing your space can make you question whether it’s time for a change. When faced with this decision, the big question is: should you relocate or renovate? It all depends on what’s driving the change. Let’s explore the factors that can help you determine the best path forward. When Relocating Makes the Most Sense Moving might be the best choice if your current home no longer aligns with your lifestyle, and renovations won't solve the core issues. Here are some key reasons to consider relocating:...

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28 March 2025

MarketMinute | Pending home sales have risen!

Unemployment applications held steady last week, a sign the labor market remains healthy as companies continue to retain their employees. Concerns about tariffs, inflation, and market volatility pushed consumer confidence for the future economy to a 12-year low in March. Fourth quarter GDP was revised to an annual rate of 2.4%. Continued growth is expected, though tariffs could slow the pace.  Although the FHFA said it will not lower conforming loan limits, it has announced the termination of special...

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21 March 2025

Spring Homebuying Guide: Tips for Navigating a Competitive Market

  Buying a home, whether it’s your first time or you’re a seasoned buyer, is one of the biggest financial decisions you’ll ever make. At Greenway Mortgage, we want to make sure you feel informed, prepared, and confident every step of the way. The Spring Housing Market With the spring real estate market in full swing, the competition is heating up. With housing inventory still low and supply falling short of demand, buyers may face fewer choices, higher prices, and increased competition. This makes it even more important to be well-prepared, so you're ready to act quickly if you find your dream home this spring. So how can you stand out and...

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21 March 2025

MarketMinute | The housing market has some unexpected increases

The Fed kept its policy rate unchanged at the March meeting. Fed members expect to cut policy rates twice in 2025. Retail sales were up by less than forecast in February, and January was revised downward to mark the biggest drop since July 2021. Initial jobless claims rose slightly last week. Continuing claims also rose, with more people remaining jobless longer than a year ago.  Existing home sales unexpectedly increased in February, as rising supply and falling mortgage rates pulled buyers back into...

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