GREENWAY BLOG

A greener look at a mortgage process unlike anything you have
experienced before. Where experience, efficiency & integrity meet.

When Does It Make Sense To Refinance?

When Does It Make Sense To Refinance?

  An old rule of thumb suggested you would need a 1% rate drop to make refinancing worthwhile. This adage was from a time when average loan amounts were far smaller. However, in today's market, even a smaller decrease in your interest rate can lead to significant savings over the life of your loan. To determine if refinancing will save you money, look at the following 3 factors: How much will it cost?  Refinancing isn't free—there are closing costs, fees, and possibly other charges involved. These costs can vary depending on the size of your loan and the terms of the refinance. It’s essential to know exactly how much it will...

READ MORE
MarketMinute | Good news for buyers! Inventory and price cuts are on the rise

MarketMinute | Good news for buyers! Inventory and price cuts are on the rise

The labor market softened in July. Just 114K new jobs were added, and unemployment rose to 4.3%, the highest level since October 2021. Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession, as freight demand remains robust. Markets now anticipate the Fed will begin slashing policy rates with a half-point cut in September and a full point by year's end.  Realtor.com reports home sellers slashed prices in July at the fastest pace in 2 years, with...

READ MORE
How to Avoid First-Time Homebuyer Fatigue

How to Avoid First-Time Homebuyer Fatigue

  In today’s competitive real estate market, where demand often surpasses the supply of available homes, buying a house can feel like a marathon rather than a sprint. If you’re not fortunate enough to find a budget-friendly home immediately and have your first offer accepted, you may experience buyer’s fatigue. This can lead to frustration-fueled decisions or even giving up on the process altogether. To help you stay on track, here are some common mistakes fatigued homebuyers make and how to avoid them. Mistake #1: Skipping Pre-Approval One of the best ways to prevent homebuying fatigue is to set yourself up for success from the beginning by...

READ MORE
MarketMinute | What did rates do after the Fed meeting?

MarketMinute | What did rates do after the Fed meeting?

The Fed kept its policy rate unchanged at this week's meeting but signaled cuts could come as soon as its next meeting in September. Consumer confidence picked up unexpectedly in July but stayed in the tight range of the past 2 years amid lingering inflation worries. Job openings fell slightly in June, and rates of hiring and quits were both the lowest since 2020, all signs of a softening labor market.  Pending home sales rebounded in June. Increased supply and moderating mortgage rates helped...

READ MORE
FHA 203K Home Purchase and Rehab In One

FHA 203K Home Purchase and Rehab In One

  With the FHA 203K, you have options Most mortgage loan programs require a property to be in sound condition with no structural defects or required repairs. Not the FHA 203k. It's made for homes needing anything from a light spruce up to major repairs, improvements or new additions. Combine Purchase and Improvements: The 203k loan covers your purchase price and the cost of improvements. The proposed work must be supported by a "value upon completion" appraisal. You can save by financing renovation costs into the original mortgage rather than racking up credit card bills or dipping into reserve savings later. Create the...

READ MORE
Showing results 111 - 115 of 776