For the Week Ending February 22, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. The unsecured personal loan market hit an all-time high last year, reaching $138 billion. A rise in lending from fintech firms is helping to fuel the borrowing frenzy. Minutes released from last month's FOMC meeting show the Fed is likely to hold off on policy rate increases in 2019 and may slow balance sheet reductions too....READ MORE
Greenway Mortgage offers a refinance program for homeowners with low to no equity. If you, a friend or family member find yourself in a difficult equity position, consider a High LTV Refinance Option. The high loan-to-value (LTV) refinance option provides refinance opportunities to borrowers with existing Fannie Mae mortgages who are making their mortgage payments on time, but whose Loan to Value (LTV) ratio for a new mortgage exceeds the maximum allowed for standard limited cash-out refinance options. If your home is able to qualify for this refinance program, you could enjoy these benefits: Lower Mortgage Payments Lower...READ MORE
For the Week Ending February 15, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. Producer prices fell for a 2nd straight month in January, leading to the smallest annual increase in 1-1/2 years. Low or absent inflationary pressure is good for interest rates. Retail sales recorded their biggest drop in 9+ years in December as receipts fell across the board, suggesting a slowdown in economic activity at the end of 2018....READ MORE
For the Week Ending February 8, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. Mortgage rates have shown more volatility from day-to-day recently. Overall, rates have hovered at recent lows. The rate of retail sales growth is expected to slow in 2019 amid cooling economic conditions. Still, retail sales are forecast to rise between 3.8% and 4.4%. The U.S. trade deficit dropped 11.5% in...READ MORE
When you’re ready to get a home loan, it can help to have as much information about the mortgage process as possible. That way you can take the right steps towards getting your loan, and hopefully avoid some of the more common pitfalls along the way. To help you reach your goal of homeownership, here’s a list of do's and don’ts as you start with the process of getting a home loan and buying a home. DO: Keep All Records in Good Order. Availability - Keep your financial records close at hand in case updates are requested. Income – Be aware that underwriters typically verify your income and tax documents...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.