Ever wonder why millennials are choosing to buy instead of rent? Well, according to NerdWallet's Millennials & Homebuying Study, the top 5 reasons young renters choose to own are the following: Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy is to have control over their living space, at 93%. Many millennials who rent a home or apartment prior to buying their own...READ MORE
For the Week Ending May 24, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. Last month's Fed meeting minutes show officials are in no hurry to move interest rates up or down, though investors are looking for a rate cut by year's end. Recent escalation in the trade war with China has helped keep rates low and could cause more slowdown in the global economy, also helpful for low rates. Consumers...READ MORE
Refinancing your mortgage can save you thousands of dollars in interest. It can also reduce your monthly payments substantially. You may be asking yourself, "when should I refinance my mortgage?" We’ve put together a list of some signs you should refinance your mortgage today! 1. Your rate is higher than current interest rates Interest rates have been at historic lows. If you closed on your mortgage 5 or more years ago chances are that your interest rate may be higher than the current rates today. This is the number one reason you should refinance your mortgage, to lower the rate. Reach out to a Greenway Loan...READ MORE
For the Week Ending May 17, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. Trade tensions with China increased this week, causing stocks to fall and bonds to improve. The shift in bond prices helped move mortgage rates down slightly. After a big jump in March, retail sales declined 0.2% in April as consumers cut back spending on clothes, appliances, and home & garden supplies. Jobless claims...READ MORE
We are delighted to officially announce the launch of our newly redesigned website. You can still find us at www.greenwaymortgage.com . WHY A SITE REDESIGN? At Greenway Mortgage, our Loan Officers work hard to put clients first. We build trust and friendship with our clients becauseit allows us to offer a personalized approach to finding the mortgage program that meets their needs. This is why we redesigned our site, so we can offer you (our clients) the right mortgage solution whether you're buying a new home, buying a vacation home, or simply refinancing your existing mortgage. OUR MAIN GOALS Our main goal with this new website is to provide our visitors an easier...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.