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
For the Week Ending January 18, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. The government shutdown, now the longest in U.S. history, hasn't yet slowed down the economy. It is expected to, however, the longer it continues. Economic data has been affected though, with delays on many reports due to closed agencies. This is causing concern for investors and impacting trading. Despite tightening labor markets and...READ MORE
We may not be comparing real apples and oranges, but we’re coming pretty close in the home financing industry. And if you’re at all interested in using your home’s equity to access cash, then this comparison is for YOU! There are two common ways to get cash from your home—a Home Equity Line of Credit (HELOC) or a cash-out refinance. In the current environment, many people want to keep the great interest rate they already have on their home loan, so they automatically choose a HELOC over a refinance. But wait—there’s a big difference that can make the benefits hard to compare at a glance. HELOCs have adjustable...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.