For the Week Ending December 28, 2018 Please enjoy this quick update on what happened this week in the housing and financial markets. Early holiday shopping numbers are on track to break season records. However, stocks are still volatile and trending downward, despite the strong consumer spending. The reversal in stocks this year has helped mortgage rates improve from October levels. Although the Fed increased policy rates, mortgage rates have improved....READ MORE
It's that time of the year when most people make resolutions for the new year. If one is your resolutions is to buy a new home, there are some steps you should take to make sure you are in the best state financially to make the purchase. We’ve put together some quick tips to help you keep this New Year’s Resolution. Start Saving for a Down Payment (Boost Your Savings) An obstacle for anyone buying a home is saving for a down payment. Many people think that a 20% down payment is required. However, down payment options of 3% are now common! Visit our website here to view our loan options or give us a call at 732.832.2967 to discuss the option...READ MORE
For the Week Ending December 21, 2018 Please enjoy this quick update on what happened this week in the housing and financial markets. The Fed raised policy rates this week, but lowered the number of expected rate increases for 2019. Mortgage rates were basically unaffected by this rate hike. Stocks have been routed and fears over a slowing economy have taken over. As investors seek safety in bonds, this has helped mortgage rates improve. The labor market...READ MORE
Have you been searching around for an easy and affordable option to finance your home renovations? With the HomeStyle Renovation Loan you can renovate a home to fit your specific needs and style with one mortgage payment! This type of mortgage lets you borrow the money for the renovation and repairs with a conventional first mortgage instead of leaving you to finance renovations on your own. The best part is, the HomeStyle Renovation Loan can be used on any type of renovation project, provided the improvement is permanently affixed to the property and adds value. For instance: new kitchen or bath, new pool, new roof, and more! KEY FEATURES:...READ MORE
For the Week Ending December 14, 2018 Please enjoy this quick update on what happened this week in the housing and financial markets. The Fed's plans to continue raising policy rates next year may be on hold. However, a policy rate hike at next week's FOMC meeting is still likely. The core consumer price index, which is a key measure of inflation, picked up in November. Inflation could put pressure on mortgage rates to move higher. Unemployment claims fell...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.