Should I Refinance? You may be able to refinance your existing mortgage to get a lower rate. Find out if now is the right time to refinance by using our Refinance Calculator . By using this handy tool, you’ll be able to estimate the benefits of refinancing. Here are some important reasons to consider refinancing: Get a lower mortgage rate and reduce interest costs. Convert an adjustable rate mortgage to a secure, fixed-rate mortgage. Consolidate your first and second mortgages into a mortgage with a lower rate. Pay off installment debts and credit cards. The advantages we offer for your refinancing needs include: Low rates Easy online...READ MORE
For the Week Ending June 28, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. The economy grew at a healthy 3.1% rate in the first quarter of this year. However, there are signs growth has slowed sharply in the second quarter. Consumer confidence dropped more than expected in June, reaching its lowest point in nearly 2 years. The escalation in trade tensions may have played a role. Optimism is growing...READ MORE
Mortgage rates have remained low through the spring, despite some volatility. Now may be a good time to extend your traditional spring cleaning to your household finances, especially with rates as low as they are. Possibilities to consider: Fund home improvements, next year’s tuition or other important expenditures with a cash-out refi or home equity line of credit (HELOC). Use your home’s equity for a down payment on a vacation or investment property. Refinance to a lower rate or a shorter term. If you're looking ahead to a summer move instead, Greenway Mortgage can assist by getting you pre-approved! If you have any questions, reach out to...READ MORE
Greenway Mortgage continues to celebrate National Homeownership Month. Homeownership has a lot of advantages from financial gain to a secure place to raise your family. For example: Your home may appreciate in value You can build equity to use for home improvement loans, education and other expenses Your home is your own – you can do what you like with it to reflect your lifestyle Home ownership can give your children roots in a community You may save money at tax time by deducting mortgage interest and property taxes (Consult a tax advisor regarding the deductibility of interest) A home offers stability, especially as your children grow up....READ MORE
For the Week Ending June 21, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. The Fed kept policy rates unchanged at this week's FOMC meeting. However, the policy statement left the door open for possible rate cuts later this year. The 10yr Treasury yield dropped below 2% this week for the first time since November 2016. Falling yields could indicate that lower rates are yet to come. Bonds aren't the only ones improving....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.