Green Family Mortgage

07/01/2025

https://abcnews.go.com/Business/fed-chair-powell-rule-interest-rate-cut-month/story?id=123374089

President Trump has repeatedly urged Fed Chair Jerome Powell to slash interest rates.

10/09/2024

Green Family Photos are in!

01/26/2024

Fun Fact: Green Family Mortgage has helped A LOT of single women buy homes- you might even say it's how we started our business. And it is something I, Lauren Green, am most proud of. With the many inequities women face in our country, especially when it comes to the income and wealth gap, I am proud to be both an advisor and advocate, as well as someone who is actively helping to turn the tables.

American women have pulled ahead of men when it comes to building wealth through homeownership, according to LendingTree.

08/24/2022

Green Family Mortgage is now offering Home Equity Lines of Credit! Did you buy or refinance in the last 5 years but you still want to tap into some equity (for some home remodeling, to pay off debt, pay for big medical or educational expenses or more?) Now you have a way to tap into the equity of your home without refinancing your amazing interest rate away. Reach out to your local GFM broker for more info.

06/30/2022

I’ve been hearing “I’m going to wait till the market cools to buy a home.” I totally understand that. And yet, while that strategy seems reasonable… here are some things to consider:
1. Prices do have to go down for this to work. (They might! but maybe not as much as you hope they do).
2. Even if prices do go down, the Federal Reserve has promised to keep raising the interest rates for the foreseeable future. That means, if you need a loan to buy a house you are still basically paying the same or maybe even more by waiting.

Let’s break this last point out a bit: Let’s say you want to buy a home for $500,000 with a 5% down payment at today’s prices. And let’s say your interest rate is about 4.99% for a 30-year fixed rate loan. (This is not a quote). That puts you at about a $2550 total monthly payment (principle + interest only). If interest rates jump up another .75% (like they just did a few weeks ago) that now puts your payment for the same price at $2770/mo.- a jump of $220/month! In order for you to get the same savings, therefore, the sales price needs to drop by about $40,000 for the same payment. IE if your interest rate is now 5.74% rather than 4.99% you need the sales price to drop from $500,000 to $460,000 in order to get the same payment you had previously at $2550/mo. otherwise you are still going to pay more per month.

This means you really need prices to plummet and to plummet fast- a lot faster than the Federal Reserve is raising interest rates in order to capitalize on the “wait till the market cools” strategy. And while prices will probably fall, I’m just not sure they are going to fall as far, and as fast, as interest rates are going up.

So, what can you do? If you are hoping to buy a home in the near future, I’d recommend trying to make that happen sooner rather than later.

What if rates decrease you ask? Then you can always refinance and lower your interest rate when they do.

If you have questions about any of this, buying a home, refinancing your home, or how to save money and get a lower interest let’s chat about it.
Happy house hunting!

01/17/2022

People often wonder... why use a broker? #1 reason: As a broker we dont work for a bank- we work for you.

At Green Family Mortgage our only job is finding you the best loan program available. We are independent and do not work for a one particular lending institution nor are we tied to just one product line. Because we are not tied to anyone we can search many lending sources and find low rates.

And as a small local family owned business, we offer individual counseling and advice pertaining to your particular situation. Our number one goal is to leave you feeling comfortable and happy. We don't work for a bank. We work for you.

Comparing Green Family Mortgage with a standard bank:

Green Family Mortgage:
No Out of Pocket Cost to Client
Our Specialty is Mortgage Financing
Often Easier to Qualify
We have access to Multiple Lenders and Private Money
We Offer the Discounted Bank Rate
Available after hours and on weekends
More Likely to get an Accepted Offer with our Pre-Approval Letter
We live on referrrals-- which means it's in our interest to keep you happy.

Standard Bank:
No Out of Pocket Cost to Client
No specialty. Required to Deal in Many Unrelated Fields and Products
Stricter Qualifying Criteria
Only One Bank and limited loan products
Standard Posted Bank Rate
Limited Hours only at the bank
Less Likely to get an Accepted Offer with a bank Pre-Approval Letter
Large marketing budgets for TV and radio-- not referral dependent.

At Green Family Mortgage our only job is finding you the best loan program available. We are independent and do not work for a one particular lending institution nor are we tied to just one product line. Because we are not tied to anyone we can search all lending sources and find the best possible r...

09/28/2021

If you havent refinanced in the last year.. why not? Interest rates have been super low. The Federal Reserve just announced they are going to start raising them. Dont miss your opportunity to lower your payments, save interest long term, and/or get cash back. [email protected] (Green Family kids posted for cuteness).

08/10/2021

To climb steep hills requires a slow pace at first.

08/09/2021

As you know, there are lots of ways to "skin the cat" when it comes to building wealth. Frankly, it can get downright overwhelming when you start to think about all the options available. Let's cut through the clutter and keep it simple. Here's the #1 wealth-building habit... https://1l.ink/R3JJGK8

08/04/2021

Think Big and don't listen to people who tell you it can't be done. Life's too short to think small. - Tim Ferriss

07/15/2021

Keep your heart happy & healthy - that's all we have to say today!