Greene Light was founded by Rebecca Greene in 2019. As a mortgage professional with over 17+ years of experience, Rebecca had the vision of starting a boutique mortgage company that offered competitive rates and heartfelt 5-star customer service. And Greene Light was born! What separates Greene Light from other lenders is the simplicity and ease of the transactions.
Rebecca hears "that was smooth" a lot! For Rebecca, homeownership is something she didn't achieve until her mid-30's. She wishes she did it earlier and wants to help others realize the dream of owning a home. Many think they can't get a mortgage or are intimidated by the process. Don't let that stop you from contacting us. Greene Light makes mortgages EASY for everyone!
Contact us today! She wishes she did it earlier and wants to help others achieve the dream of home ownership.
Rebecca hears "that was smooth" a lot! For Rebecca, homeownership is something she didn't achieve until her mid-30's. She wishes she did it earlier and wants to help others realize the dream of owning a home. Many think they can't get a mortgage or are intimidated by the process. Don't let that stop you from contacting us. Greene Light makes mortgages EASY for everyone!
Contact us today! She wishes she did it earlier and wants to help others achieve the dream of home ownership.
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Home ownership takes you one step closer to financial freedom.
Purchasing a home can be very rewarding - but also very confusing and stressful at times, especially when it comes to securing a loan.
As buying a home can be one of the largest purchases of your lifetime, it is very important to have the right team of professionals helping you.
Rebecca Greene, the owner of Greene Light Mortgage Solutions, didn't buy her first home until her mid-30's.
She wishes she did it sooner because, looking back, it was one of the best investments she ever made.
Purchasing a home can be very rewarding - but also very confusing and stressful at times, especially when it comes to securing a loan.
As buying a home can be one of the largest purchases of your lifetime, it is very important to have the right team of professionals helping you.
Rebecca Greene, the owner of Greene Light Mortgage Solutions, didn't buy her first home until her mid-30's.
She wishes she did it sooner because, looking back, it was one of the best investments she ever made.
When should you refinance?
As a rule of thumb, if you can reduce your interest rate by 1% it provides enough incentive to refinance.
If you are considering refinancing and don't know where to turn to, contact Rebecca Greene today.
As a professional with over 17+ years of experience, you are in good hands!
We look forward to hearing from you.
As a rule of thumb, if you can reduce your interest rate by 1% it provides enough incentive to refinance.
If you are considering refinancing and don't know where to turn to, contact Rebecca Greene today.
As a professional with over 17+ years of experience, you are in good hands!
We look forward to hearing from you.
It's generally a good time to refinance when mortgage rates are 2% lower than the current rate on your loan.
It may be a viable option even if the interest rate difference is only 1% or less.
Any reduction can trim your monthly mortgage payments.
Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, now you're saving $70 per month.
Your savings depends on your income, budget, loan amount, and interest rate changes.
It may be a viable option even if the interest rate difference is only 1% or less.
Any reduction can trim your monthly mortgage payments.
Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, now you're saving $70 per month.
Your savings depends on your income, budget, loan amount, and interest rate changes.
A mortgage is called "Interest Only" when its monthly payment does not include the repayment of principal for a certain period of time.
Interest Only loans are offered on fixed rate or adjustable rate mortgages as wells as on option ARMs.
At the end of the interest only period, the loan becomes fully amortized, thus resulting in greatly increased monthly payments.
The new payment will be larger than it would have been if it had been fully amortizing from the beginning.
The longer the interest only period, the larger the new payment will be when the interest only period ends.
Interest Only loans are offered on fixed rate or adjustable rate mortgages as wells as on option ARMs.
At the end of the interest only period, the loan becomes fully amortized, thus resulting in greatly increased monthly payments.
The new payment will be larger than it would have been if it had been fully amortizing from the beginning.
The longer the interest only period, the larger the new payment will be when the interest only period ends.
Adjustable Rate Mortgages (ARM)s are loans whose interest rate can vary during the loan's term.
These loans usually have a fixed interest rate for an initial period of time and then can adjust based on current market conditions.
The initial rate on an ARM is lower than on a fixed rate mortgage which allows you to afford and hence purchase a more expensive home.
Adjustable rate mortgages are usually amortized over a period of 30 years with the initial rate being fixed for anywhere from 1 month to 10 years.
These loans usually have a fixed interest rate for an initial period of time and then can adjust based on current market conditions.
The initial rate on an ARM is lower than on a fixed rate mortgage which allows you to afford and hence purchase a more expensive home.
Adjustable rate mortgages are usually amortized over a period of 30 years with the initial rate being fixed for anywhere from 1 month to 10 years.
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