People are flocking to Florida and some are calling it the hottest market in the country. All parts from Pensacola to Palm Beach, to Tampa Bay are flourishing. Why are home buyers rushing to get home loans in Florida for the house of their dreams? Why are home buyers rushing to fill out mortgage applications with their trusted mortgage broker in the Sunshine State?

Today’s rising home prices have some home buyers hesitant, especially first-time home buyers. However, home prices are not the only things that are rising. Rents are also reaching astronomical levels. In fact, rents are surging faster than home prices in many markets. The reality is that for many it is more affordable to buy a house than rent.

Dr. King, Jr. rearticulated the American dream to include this promise of equality for all throughout his works and speeches, including his “I Have a Dream” speech. There is a lot we must still do to make his dream and the American dream a reality for all Americans. One small aspect of that is that we need to make sure that everyone can be a homeowner.

Recent studies conducted by Fannie Mae show that many consumers wish they had more education about how to become a homeowner. At Peoples Choice Mortgage, we definitely agree. The home buying process is complicated and education often means the difference between just any old mortgage broker and a true professional.

The bottom line is that 2022 is lining up great for home buyers. Rates will increase, but will still be at an extreme discount compared to historical rates. At the same time, inventory will increase which will mean that it is easier to buy a home without as many bidding wars. This is great news for home buyers. If you want to stop renting and become a homeowner, 2022 is a great year for it.

As we end 2021, it’s important for future home buyers to prepare for the future. We want to make the process easy for you, which is why we broke down these resolutions into three steps. Just know that you don’t have to go through the steps all by yourself. The independent mortgage brokers at People’s Choice Mortgage are here to help you with every step of the process.

Back in January, President Biden pushed for a first-time homebuyer tax credit of $15,000. Since then, this recommendation has become its own legislation, the First-Time Homebuyer Act of 2021. Should first-time homebuyers wait for this legislation before buying?

Buying a house at today’s prices means that you benefit from tomorrow’s rising prices. On top of that, the likelihood of rising mortgage rates means your mortgage will be more expensive. Today’s real estate market is thriving all over the nation, but especially in Boston.

The FHFA’s recent decision to raise conforming loan limits is both expected and unprecedented all at the same time. Typically, conforming loan limits are raised each year. However, this usually happens in small amounts to keep up with the cost of living and appreciation. The limit increase for 2022 is much larger than ever before.

Unfortunately for renters, the trends are pretty clear that they should not expect any relief when it comes to rent prices. Fortunately, becoming a homeowner is a great way to get out of the misery of constantly rising rents. While many headlines have been devoted to the difficulties of buying a house in today’s market, the truth is that the market is improving.

Becoming a homeowner is a cornerstone of the American dream and we firmly believe that everyone should have access to it. That is why we have always gone above and beyond for our clients, whether they are ready to qualify for a mortgage today or need to work to improve their chances for the future. Partnering with The Debt Relief Team is just one more way that we are living up to that commitment …

While buying a single-family home at today’s mortgage rates is still a great bargain, there is another type of home purchase that has not gotten as much attention as it should. The truth is that multifamily homes are a great option, especially in today’s market, and they should be considered by even first-time home buyers. So, what are the benefits of buying a multifamily property?

Today’s data about mortgage applications demonstrates that the real estate market is thriving. Homebuyers and homeowners should feel great about the future. One thing that the data indicates is that homebuyers are under a lot of competition from other homebuyers. This means you need every advantage possible in order to buy the home of your dreams.

Many potential home buyers end up self-selecting themselves out of the home buying process long before they ever hear a lender say no. All of the above reasons why renters do not think they can be home buyers are never a dead end. At worst, they are speed bumps. This is especially true for credit scores. It might shock you, but the reality is that you don’t need perfect credit to get a mortgage.

The bottom line is that any home buyer expecting a discount by waiting to buy a home will probably be sorely disappointed. Home prices will probably rise and so will mortgage rates. So, not only will you pay more for a home, but you will also be charged more to finance the purchase.

Even though owning a house is a big responsibility, not owning one does not necessarily save you from anxiety. The fact is that renters are facing increasing anxiety from a host of factors. Fortunately, there is a solution. You can take steps to stop renting and become a homeowner.

The Biden administration is correct that there is a lack of affordable housing in our nation. While it would be fantastic if the supply of affordable housing were to increase in the near future, renters should not wait for that to happen to plan for buying a home. Even though home prices are high, low mortgage rates make buying a home more affordable than continuing to rent in most places.

On Thursday, the Supreme Court overturned the CDC’s eviction moratorium. This decision allows renters to be evicted, which will impact approximately 3.5 million Americans throughout the nation.

Right now, only about 28% of home buyers think it is a good time to buy a house and much of that is thanks to the direction of home prices. However, popular sentiment is not always correct. Just because a majority of people think it’s not a good time to buy a house it doesn’t mean they’re correct. In spite of home prices, it is far better to be making mortgage payments than rent payments.

We are very serious about helping you buy the home of your dreams. However, we also know that life is not worth living if you cannot have fun. Our team had a great time putting these videos together and we truly hope you have some fun watching them.