GREENWAY BLOG

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

Wondering If You Can Buy Your First Home?

Wondering If You Can Buy Your First Home?

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and still, others might think their current income would never enable them to qualify for a mortgage. We want to share what the typical first-time homebuyer actually looks like based on the National Association of REALTORS  most recent Profile of Home Buyers & Sellers . Here are some interesting revelations on the first-time buyer: Bottom Line You may not be much different than many people who have...

READ MORE
Did You Know that 61% of First-Time Buyers Put Down Less than 6%?

Did You Know that 61% of First-Time Buyers Put Down Less than 6%?

According to the National Association of Realtors’  latest Realtors Confidence Index , 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying. The median down payment for all buyers in 2017 was just 10% and that percentage drops to 6% for first-time buyers. Zillow Senior Economist  Aaron Terrazas’ recent comments  shed light on why buyer demand has remained strong, “Looking into 2018, rent is expected to continue gaining. More...

READ MORE
Greenway's Markets in a Minute | Buyers are taking advantage of low rates

Greenway's Markets in a Minute | Buyers are taking advantage of low rates

For the Week Ending September 15, 2017 Please enjoy this quick update on what happened this week in the housing and financial markets. Stocks soared to new record highs this week, in part because estimated financial losses from Hurricane Irma dropped from $200 billion down to $50 billion or less. Higher gas prices and rent increases helped consumer prices jump in August, pointing to firming inflation. The Consumer Price Index rose 0.4% over July. Low inflation, despite a strong labor...

READ MORE
Greenway's Markets in a Minute | New Home Inventory Finally Rises By 1.5 Percent

Greenway's Markets in a Minute | New Home Inventory Finally Rises By 1.5 Percent

For the Week Ending August 25, 2017 Please enjoy this quick update on what happened this week in the housing and financial markets. Central bankers from around the world are meeting this week for the Jackson Hole Symposium. Markets will be looking for signs of imminent policy changes. Very little economic news this week along with low trading volume has left markets quiet. This environment has helped to keep mortgage rates stable. Despite labor market strength, low inflation remains a...

READ MORE
Showing results 6 - 10 of 12
  • Readers Choice Winner 2018
  • Readers Choice Contest 2017
  • Mortgage Banker Association Member