Mortgage insurance might be one of the costs that you most hate to pay when you send in your mortgage payment each month. It's not necessarily because of the expense – it’s because this insurance doesn't cover you. Instead, it protects your lender in case you default on your loan. The good news is that you don’t have to pay mortgage insurance forever. Once you build up at least 20% equity in your home, you may be able to cancel your mortgage insurance. Keep reading, as we’ve answered some simple questions for you here about Mortgage Insurance (MI). When can I cancel my mortgage insurance? Private MI is...READ MORE
If you’re a potential home buyer, a realtor working with clients, or a homeowner considering a refinance, then this PSA is for you. Don’t be caught off guard by unwittingly becoming a trigger lead. You’re probably asking yourself, “What is a trigger lead? How can this affect me?” We’ll explain it all so you can protect yourself against them. Your Credit Score Your personal credit score is a major factor in mortgage qualification and determining the rate you are offered from a mortgage lender. Having your credit run can reduce your credit score. A recent development in the credit arena is the introduction of...READ MORE
The economy bounced back in the 3rd quarter with another record surge, recording gains of 33.1% and reversing much of the collapse from coronavirus lockdowns. New orders for key U.S. made capital goods jumped 1.9% in September, exceeding expectations of a 0.5% increase and pointing to an improving economy. Jobless claims fell once again last week, even lower than expected to 751,000. The labor market remains on a path of gradual improvement, although still far from pre-pandemic health. According to CoreLogic, home prices...READ MORE
Happy National Cat Day from EVERYONE at Greenway Mortgage. In honor of #NationalCatDay, our team members shared some photos of their furry friends. Check out the video here. It's the cat content you didn't know you needed! THE STORY Many of you may remember the 20 intact-male cats who were left outside of our door of the Monmouth County SPCA a month ago and the 30 other cats who were found and rescued. These poor cats, scared and confused, were living in unimaginable conditions. Thankfully, the MCSPA’s hard-working Humane Law Enforcement Officers worked day and night on this case to recuse each and every cat. A huge...READ MORE
Finding a house you want to buy is very exciting! The house you like may appear great in photos and it feels right when you visit. However, many houses hide darker secrets that might not be immediately obvious, especially some older homes. Older homes can be high on charm and built to last, but they may also be hiding unexpected secrets. There’s no need to worry! A little vigilance before you buy can prevent you from falling into an expensive trap. Here are some things to watch out for when you’re on the hunt for an old charmer!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.