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.

Because we are so used to getting what we want when we want it, it can be frustrating to have to wait. However, the old adage that the best things come to those who wait is true in some instances. That is the case when it comes to buying a home. For home buyers, patience and persistence pay off.

As of now, the number of homeowners in a forbearance program is about 1.6 million. Most of these forbearances will expire in the near future, which will require the homeowners to go into an exit plan. What are forbearance exit plans and what options do homeowners have?

For home buyers, rising home prices have made their journey to buy their dream home rather difficult. Home buyers have had to contend with constant bidding wars and houses selling for far more than the original asking price. Thankfully, real estate market conditions are changing. There is good evidence that housing prices are leveling off and it is a great time for home buyers.

We love nothing more than helping renters become first-time home buyers and helping current homeowners move from starter homes to dream homes. We are excited to announce Peoples Choice Mortgage is growining and spreading the dream of homeowenrship to Colorado, Florida, and Michigan.

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.

The federal government moratorium was set to expire at the end of July and President Biden did not extend it over fear of his legal ability to do so. Instead, President Biden asked Congress to extend it. The situation seemed bleak as Congress was unable to come to an agreement and instead left on their planned recess. Thankfully, the CDC stepped in and extended the eviction moratorium themselves.

Why is it that the most expensive homes and the least expensive homes have seen their prices increase so much compared to other homes? What do these trends mean for home buyers and the real estate market overall? The team at Peopels Choice Mortgage is here to break it down.

The number of COVID cases are rising in every state in the nation, and in some places, in dramatic fashion. The first major surge that occurred in 2020 caused a series of dominoes to fall that impacted all aspects of our lives, including the real estate market. What lessons can we learn from the last year of the pandemic and what will this latest surge mean for home buyers and homeowners?

When you think about it, there are a lot of interested parties involved in a real estate transaction and even more paperwork. Anytime you have a system that is this complex it is best if you have an order of operation for how it should optimally work. When it comes to buying a home, there is and getting pre-approved for a mortgage is the first step.

In today’s real estate market, it pays to understand the concept of a reserved bid because it will help you make the perfect offer when buying a home. The asking price for a home on the market is similar to a reserved bid. An asking price is a starting point and that changes how you can make the perfect offer.

Basically, we are witnessing an affordable housing crisis in our nation. Fortunately, there is a solution to this crisis that does not require political action. The solution is simple: buy a house.

One of our missions is to fight for our clients and help them come up with a plan to own a home of their own. This is a powerful mission because the benefits of being a homeowner are powerful. Owning a home provides material and immaterial benefits that are truly life changing. That is why we believe that everyone deserves to own a home.

…When you find a home you want to buy, you will most likely be in a bidding war. In this scenario, it is important to act decisively and act quickly. You will need an accurate picture of what you are willing to spend and what you are able to spend. This is key to making decisive decisions. Having an accurate understanding of what you can spend requires having a realistic budget.

Demand to buy a house is through the roof, but there just is not enough housing inventory to meet the demand. In turn, buyers are getting into bidding wars just to make offers that are for far more than the asking price. All of this is intimidating and some might think it is just better to wait out the market and buy home later. The truth is that waiting is a big mistake. The team at People's Choice Mortgage has three reasons why waiting to buy a home is a bad idea.

Lenders have been incredibly selective during this favorable rate environment. Many applicants with lower credit scores have not been able to qualify for certain mortgage or refinancing options. At People’s Choice Mortgage, we think everyone deserves to own a home. With that, we think that it is never a bad time to enhance your credit score. so we have some tips for you to do just that.

For the mortgage industry the pandemic has caused us to reevaluate how we conduct business. Traditionally, the mortgage industry was reliant on in-person meetings and in-person signatures. In a world of mandated social distancing, things had to change and our industry had to evolve. One of the fortunate outcomes of this forced evolution is that the occasionally burdensome process of getting a mortgage has become easier. The team at People's Choice Mortgage is here to shed light on mortgage timelines, potential delays, and ways to make it all easier.

For many potential home buyers, saving up for a down payment is the biggest mental hurdle to actually owning a home. However, when you look at the various mortgage options available and the size of a down payment you would need, it is more achievable than you think. The team at Peoples Choice Mortgage is here to discuss the truth about down payments and the timeframe you need to save up for one.

Thinking about buying a home purely in terms of a short-term investment strategy and obsessing over timing will cause you to miss the forest through the trees. Buying a house is about far more than merely buying at the perfect time. The truth is that buying a home is a long term investment and makes sense no matter where you are in the market cycle.

In the lead up to 2008, many people were buying homes hand over fist because lenders were willing to provide mortgages to almost anyone. That is not happening today. Lenders are being much more selective. If you look at today’s successful mortgage applicants it is clear that high credit scores have value when applying for a mortgage.