Now that rates have risen and economic uncertainty is on top of everyone’s mind, what can homeowners and home buyers expect? How will home loans and home buying be impacted by today’s trends? The mortgage brokers at Peoples Choice Mortgage are here to help you decipher what today’s data means for home loans and home buyers.

Recently, US News & World Report just released their top 150 places to live in America list. What is truly incredible is how many of these wonderful cities have access to the professional mortgage brokers at Peoples Choice Mortgage. Here are the top places to live in America …

It is important to figure out if myths are correct and if they are serving you well before you hold on to them. First-time home buyers should heed this lesson. Some of the more prevalent myths about first-time home buyers in today’s market are false and harm first-time home buyers.

One of the hard parts about doing anything the first time is that you do not know enough to know what you do not know. First-time home buyers often have to face this exact problem. Applying for a home loan and buying a house can be overwhelming without help. The team at Peoples Choice Mortgage is here to give you all the help you need and make buying a house as simple as possible.

Bill Simmons and Ryen Russillo are media personalities on The Ringer, a website dedicated to sports and pop culture. Both achieved fame as prominent personalities for ESPN. While known for discussing sports, their conversation about the Denver Nuggets turned to real estate. Simmons and Russillo agreed that Denver is a great place to live and that people are flocking there from all over. Are these sports experts right about Denver real estate?

Are today’s rising home prices being driven more by home buyer demand or low inventory? The team at Peoples Choice Mortgage is here to look at today’s trends and see what home buyers and homeowners can expect from home prices.

Preparing for a home purchase involves a web of consequential factors. If you wish to buy a home within the next six to 12 months, use the following debt-management suggestions to smooth out your course.

Inflation is now running rampant and the Federal Reserve must take action to get it under control, which means interest rate increases. All indications are that mortgage rates are going to start rising and will continue to rise through the end of this year. The team at Peoples Choice Mortgage is here to give you the data regarding mortgage rates, inflation, and what it means for homeowners and home buyers.

Can you increase your offer and still qualify for a home loan? Is there anything you can do other than increasing your offer that will make it more likely you will successfully close on the home? These are all complicated and important questions in a market as competitive as today’s. However, no matter how tough it is for home buyers, by focusing on the 3 Ps (patience, planning, and professionals) you can buy the house of your dreams.

Home buyer demand is through the roof, but home availability is limited. This has created a perfect recipe for rising home prices in Florida. As a result, condos are becoming more and more popular.

Even small increases in mortgage rates can add up to thousands of dollars. That’s why if you are thinking of buying a home or refinancing your current mortgage, it is best to act now. Delaying your decision can cost you the opportunity to get lower monthly payments and big savings over the life of your home loan.

A mortgage can be described as a financial transaction, which includes a promise to repay a large debt. It comes with official documentation and is regulated by the government. While some people say the mortgage process is a headache, the loans can help you own your dream home.

However, homeownership is a massive undertaking, so you must be prepared to find a lender you can trust. Mortgages come in different varieties, including options ideal for low-income borrowers. Before you sign to get that mortgage, here are some of the things to keep in mind, presented below by People’s Choice Mortgage.

When you are in the midst of a market cycle, it is entirely unpredictable. It is very difficult to tell if you are at the peak of the market or if you are at the bottom of the dip. Markets can go higher than you would imagine, and they can go lower. Given that context, it is time for home buyers and homeowners to look at today’s market. Have we peaked or will this real estate run continue?

Homeowners should remain confident that there will not be a wave of foreclosures that will destroy their home values or equity overnight. Homebuyers should not be complacent, thinking they can wait for a flood of mortgage foreclosures to cause home prices to drop. While anything is possible, this scenario is incredibly unlikely.

Technology has become a best friend in our quest for homeownership. Reality has changed for all of us. We are now more dependent on technology than ever. There are many elements that make it possible for real estate agencies and mortgage brokers to safely resume operations.

The cost of a home is not the full picture of how much it takes to buy a house. You need to account for down payments, monthly mortgage payments, closing costs, and more. The best way to budget for buying a home and making sure you have a full picture of what is needed is to work with professionals.

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.

Owning a home is a fundamental component of the American dream. It gives you a place to make long term memories with those you love. It is also one of the best ways to build wealth for you and future generations. There is no reason you should let your credit score get in the way of you buying a house or refinancing your current mortgage.

Not everyone wants to a own a multi-unit property. Not everyone dreams of using real estate as an investment vehicle. However, for those that do, it is worth looking into whether it makes sense to buy a multi-family home first and then consider a single-family home later down the road.

Potential home buyers should be excited by the above data because it looks like more houses will be available on the market in 2022 than last year. This means less bidding wars, a greater chance of finding the perfect house, and possibly an end to skyrocketing prices. The best way to take advantage of this is to be prepared and that means speaking with a mortgage broker.