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.

There are a lot of aspects to a home buying budget. An important thing to consider regarding home buying budgets is that it’s not necessarily a single budget. While some people are able to buy a house using entirely cash, most people need a mortgage. This means that you need to budget for what it takes to get a mortgage.

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.

Many first-time home buyers assume that once you get pre-qualified for a mortgage that it is all smooth sailing from there. However, the truth is that there is a lot that can happen between pre-qualification and the closing table that can jeopardize your mortgage. The time between pre-qualification and closing is crucial because lenders are still underwriting the home loan.

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 pandemic changed how people thought about their homes and what they wanted in a house. Many of these changes will remain with us long after the virus is gone. The team at Peoples Choice Mortgage is here to look at some of the pandemic home buying trends that have some staying power.

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.

Today’s real estate market is difficult for home buyers, with COVID-19 changing how we buy homes. Homes available for purchase are limited and there are a lot more buyers than homes on the market. Remember, difficult is not the same as impossible. It just means that you cannot expect to be able to buy a house just because you put in an offer. You will need the patience to succeed in this market.

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?

Because of rock-bottom mortgage rates, the real estate market surged. Now we are in a seller’s market, so it’s important to be able to stand out. Bidding wars over houses and rentals are commonplace. Home buyers need every advantage possible in order to buy the house of their dreams. The team at Peoples Choice Mortgage is here to tell you how working with a professional mortgage broker can help you when it comes to making a perfect offer.

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.

Buying a house is a big deal, but if you do it armed with the right knowledge and the right support, you have nothing to fear. The team at Peoples Choice Mortgage is here to give first-time home buyers the tools you need to be fearless.

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.