GREENWAY BLOG

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

Greenway's Markets in a Minute I  Are homeowners becoming more neighborly?

Greenway's Markets in a Minute I Are homeowners becoming more neighborly?

For the Week Ending May 10, 2019 Tweets by President Trump reignited investor concerns over the trade talks with China. Stocks dropped from recent highs as investors' anxiety increased. Although the trade dispute with China has not directly helped mortgage rates, newly proposed tariffs could hamper global economic growth, helping rates. Low inflation has offset strong employment, helping keep rates low. Although lots of jobs are being created, wages aren't rising fast enough to cause inflation.  ...

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REFINANCING TIPS TO EASE THE PROCESS

REFINANCING TIPS TO EASE THE PROCESS

Are you getting ready to refinance  your mortgage loan? If so, here are a few tips to ease the process: DO Continue to make your regular payments.  However, if you have a payment due just prior to your scheduled closing, consult with me first. It may be best to pay at the closing rather than to risk having the payment and payoff letter cross in the mail.   Prepare your home for the appraisal.  The appraiser will take photos inside and out. While a messy house is not really worth less than a clean one, property appraisal is part art, part science. First impressions can make an impact with an appraiser just as with a prospective purchaser....

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Greenway's Markets in a Minute I Low Inflation Helps Rates

Greenway's Markets in a Minute I Low Inflation Helps Rates

For the Week Ending May 3, 2019   Please enjoy this quick update on what happened this week in the housing and financial markets.   The Fed's preferred inflation gauge, the core personal consumption expenditures index, was flat for the month of March and up only 1.6% year-over-year. The lack of inflation helped the Fed keep policy rates unchanged this week at their FOMC meeting. Speculation is that we won't see a rate increase this year. Unemployment applications...

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Greenway's Markets in a Minute I Mixed News on Home Sales

Greenway's Markets in a Minute I Mixed News on Home Sales

For the Week Ending April 26, 2019   Please enjoy this quick update on what happened this week in the housing and financial markets.   Stocks continue to hit record highs, helped by strong corporate earnings. Money moving from bonds back into stocks can continue to pressure rates higher. New orders for U.S.-made capital goods increased by the most in 8 months in March, but a drop in shipments suggested business spending slowed. Weekly jobless claims recorded the biggest...

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Opportunities of Refinancing

Opportunities of Refinancing

When you refinance to a lower rate, you'll get a lower payment. But the opportunities don’t stop there. Take a look: Reduce your balance faster.  With a lower interest rate, you pay more principal with each payment, especially in the first years of the loan.  Example:  After five years of payments on a 30-year loan of $200,000 at 4%, you would pay $19,706 in principal vs. $17,105 on the same loan at 5%. That's an extra $2,601 in benefit on top of the $7,052 of interest savings. Total advantage = $9,653 Own Free and Clear Sooner.  There are two ways to make this happen: Pay extra principal.  Apply your monthly savings toward...

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