Greenway Mortgage Blog

30 August 2022

The 7 Property Types Explained

When it’s time to buy a new home, it helps to know not only where you want to live, but also what type of home you’ll choose. From single family homes to condos and townhouses, each property type has unique characteristics to understand before you buy. Below you’ll find the differences between seven common property types. After reading through each you’ll have a better idea of which one best suits your lifestyle and needs. Let’s start with Single family homes. Single Family: A single-family home, or stand-alone house, is the most common and popular type of home. Some single-family homes are in subdivisions or...

26 August 2022

MarketMinute | Are first-time buyers still in the market?

New orders for durable goods increased in July, but the pace slowed from the prior month, suggesting a moderate rebound in business spending. The economy shrank at a slightly slower pace in the 2nd qtr than initially reported, as inflation and higher interest rates weighed on spending. Jobless claims fell for the 2nd week in a row, suggesting that employers are holding on to workers despite growing economic uncertainty. New home sales fell for the 2nd straight month in July, reaching a 6-1/2 year low. Sales were down 12.6%...

23 August 2022

Your Trusted Local Mortgage Lender

As you look for a home, speed may be something you value highly. Pre-approval, getting an offer accepted, and of course moving in. Online lenders like Rocket Mortgage from Quicken Loans have capitalized on this, creating more demand for speed, and swiftly brushing off the other key values of working with a local mortgage lender. But jetting off towards your dream home may not be all there is to the story. According to Investopedia - Online mortgage companies have become an increasingly significant force in the home loan industry. Leading the charge is Rocket Mortgage, with its automated approval process. Do these web-based firms have more to offer...

19 August 2022

MarketMinute | How are builders feeling about the market?

Last month’s Fed meeting minutes showed officials agreed on the need to eventually dial back the pace of policy interest rate hikes. Consumer sentiment rose to a 3-month high in early August, indicating stronger expectations about the economy and personal finances. Retail sales for July were flat compared with an anticipated 0.1% gain. Falling fuel prices helped drive retail spending. Builder sentiment for the single-family homes market fell into negative territory in August, as builders and buyers struggle with higher...

16 August 2022

Buying a Home? Don't Be Surprised By Closing Costs!

You’re almost there! You’ve been saving so long for a down payment on a new house and even set a budget for your monthly mortgage payment. But there’s one more thing you’ll need to consider: closing costs. Surprisingly, many home buyers get caught off guard by closing costs , which can certainly be an unpleasant surprise if you’re unaware. According to a 2021 Realtor.com survey of 3,000 adults, 44% said they weren’t aware of all the costs associated with buying a home. What Are Closing Costs and What Do They Cover? Closing costs encompass a variety of expenses above your property’s purchase price. They include...

GREENWAY BLOG

The 7 Property Types Explained

MarketMinute | Are first-time buyers still in the market?

Your Trusted Local Mortgage Lender

MarketMinute | How are builders feeling about the market?

Buying a Home? Don't Be Surprised By Closing Costs!