During tax season, refunds help many become homeowners! In fact, tax refunds are often thought of as ‘extra money’ that can be used toward larger goals. If you’re expecting to get a refund this tax season, instead of spending it on things that you don’t need, consider using it to invest in your future! What better way to do so than using your tax refund to help you get closer to your homeownership dreams! Check out these 5 ways that your tax refund can help you get closer to homeownership: #1 Put it Towards Your Down Payment We know that saving for a down payment can be a big challenge and even one of the biggest barriers to...READ MORE
Please enjoy this quick update on what happened this week in the housing and financial markets. Manufacturing activity rebounded in January, with the ISM index at its highest level since July. The improvement likely reflects ebbing trade tensions with China. Fears of a slowdown in the global economy caused by the coronavirus are dissipating. Stocks have recovered, and rates are creeping up on new investor optimism. New orders for U.S. made goods saw their highest increase in nearly 1-1/2 yrs in December. The data points to an improving economy, which could pressure rates higher. Construction spending dipped in...READ MORE
PUT YOUR HOME IMPROVEMENT PLAN INTO ACTION! When shopping for a home, you may come across properties that aren’t quite what you’re looking for, but have the potential to be your dream home with some repairs or renovations. With a renovation loan, you can roll the cost of financing or refinancing a home and repairs into one loan – saving you time and money. Whether your home improvement projects are large or small, a home renovation loan can help you get the job done! What are the benefits of a Renovation Loan? Home improvements such as adding an extra room or replacing the roof not only makes a difference in...READ MORE
Please enjoy this quick update on what happened this week in the housing and financial markets. The Fed left rates unchanged this week, as was expected. Fed Chair Jerome Powell signaled the central bank would adjust policy as needed to support 2% inflation. The deadly coronavirus that started in China continues to spread. Concerns over the economic costs of the outbreak have helped push mortgage rates to 4-month lows. Consumer confidence jumped in January as the job market outlook improved. The data showed 49% of consumers think jobs are "plentiful," up from 46.5%. New home sales fell...READ MORE
Please enjoy this quick update on what happened this week in the housing and financial markets. Stocks across the globe are taking a hit this week as investors react to mounting concerns about a deadly virus in China and its effect on travel and spending. President Trump is threatening more tariffs on European auto imports if the bloc doesn't agree to a trade deal. Trump has delayed imposing these tariffs a number of times. Jobless claims rose slightly last week to 211,000 but were still lower than expected. The labor market continues to tighten, even as job growth is slowing. New home builders...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.