Home sales were up for nearly every market in the nation, including Massachusetts. However, for everyone who bought the house of their dreams, there were just as many wishing they could do the same. That begs the question: why didn’t they? Many people have been sitting on the sidelines because they don’t think they are able to buy a house. However, buying a home isn’t just for the wealthy. Regular people can buy homes too. Here’s how to make it happen ...

2020 is almost done and it is time to set resolutions for 2021. For some, that means taking advantage of historically low mortgage rates and buying a new home. If this applies to you, then the team at Peoples Choice Mortgage have the perfect resolutions to help you buy a new home in 2021.

Getting a mortgage and buying your home only helps your family if you make sure it is protected during your lifetime and beyond. That’s why it’s important to think about how insurance can help you and your family keep your home when tragedy strikes.

Don’t let your lender be a grinch and take away your chance of a new home at the last minute. One of the biggest hidden dangers for those in the middle of applying for a mortgage is making large cash deposits. The team at Peoples Choice Mortgage is here to explain why a large influx of cash during the holidays isn’t necessarily good for your mortgage application.

Many Americans are already behind on their rent and mortgages. In fact, about 3 million Americans already have their mortgage in forbearance. With the pandemic getting worse and not enough stimulus on the way, there’s a good chance that many more will fall behind. If you or someone you know are facing hardship and risk falling behind on your payment, help is available. You have the ability to apply for forbearance for your mortgage, but time is of the essence. Here is what you need to know…

The pandemic has overshadowed everything and the most normal thing about 2020 is the consensus that this year has been abnormal. In fact, a lot of it has been downright horrible. Hundreds of thousands of Americans have lost their lives. Millions of Americans have lost their jobs. Plans have been cancelled and dreams have been deferred. However, while it is impossible to downplay the tragedy of these events, there have been some silver linings to 2020. The team at Peoples Choice Mortgage is here to take an accounting of 2020 and look at the good, the bad, and everything in between.

Some people are assuming that they do not have a high enough credit score to qualify for a mortgage. The good news is that mortgage rates should remain low for the foreseeable future. This gives everyone with less than perfect credit a chance to pursue credit enhancement strategies and still take advantage of low mortgage rates. If you are in this group and need to enhance your credit score, do not fall into the trap of thinking that you should close accounts. When it comes to enhancing your credit score, less is not always more.

Anything this important deserves to be protected properly. That is why homeowners insurance is important. Life is complex and unpredictable. Things go wrong unexpectedly, and when they do, you need to be prepared to fix them. Homeowners insurance helps make you whole if you experience a loss. But, if your coverage is not up to date, then you can be left in a world of financial hurt. Here are some things to consider to make sure your home has the proper coverage.

As we come to the end of 2020 many are wondering what will be in store for the real estate market in 2021. Will the crash that everyone expected in 2020 finally happen? Or, will people continue to buy homes in droves and take advantage of historically low mortgage rates? While nobody has a crystal ball and it is impossible to be absolutely certain, there are some good indicators that 2021 is poised for a housing boom.

Many feared that the economic slowdown due to the pandemic would result in a real estate crash like 2008. Instead, home sales have dramatically increased and so have home prices thanks to historically low mortgage rates. However, with many places considering stricter lockdowns to control the coronavirus it is reasonable to wonder if the red hot housing market can be sustained. Can surging home sales withstand a surging pandemic? We think it can.

Today’s real estate market offers you plenty of choices for where to get a home loan. You can go to your bank. You can also turn to one of the online lending sites and search for a loan without ever leaving your house. Finally, you have the option of working with an independent mortgage broker to help you get the funding you need for your dream home. With all of these options, it can be a bit overwhelming and difficult to figure out which is best for your needs. However, if you compare the pros and cons of all your lending options, it’s clear that nothing beats an independent mortgage broker.

… The Federal Reserve slashed interest rates, which dropped mortgage rates to historic lows. In response, 2020 saw a housing boom that hasn’t been seen since 2006. However, the housing market has cooled slightly in recent weeks, which begs the question: Has the real estate boom gone bust?

The house buying frenzy has been fueled by historically low mortgage rates designed to buoy the pandemic-hit economy. Recently, the world has learned that relief from the pandemic might be on the way from two different vaccines. This is great news! Everyone wants this pandemic to end. The question is, what do these vaccines mean for the real estate market and mortgage rates?

Home sales have defied expectations as people have been rushing to buy homes because of record low mortgage rates. If 2020 were a normal year, people would expect the housing market to cool down with the cool weather. However, 2020 isn’t a normal year and we expect home sales to stay red hot during the winter.

he fuel behind the flaming real estate market has been record low mortgage rates. These attractive mortgage rates are causing even unlikely groups, like millennials, to jump into the home buying frenzy. While home sales are up overall, some types of homes are more in demand than others. Right now, luxury home sales are fueling the real estate market boom.

By all measures, the real estate market is booming. Fueled by historically low interest rates, people have been lining up to buy new homes. This increased demand resulted in home prices increasing about 6.7% from last year. Overall, real estate was one of the best performing sectors of the entire economy. With all of the good news it is understandable why many would be fearful that something might upset the apple cart. However, there are many good reasons why the real estate market outlook will remain positive.

Home prices have gone through the roof due to low inventory and rising demand ... This formula has been fantastic for anyone selling their home. Interestingly enough, it has also been fantastic for homeowners who don’t want to sell their home. The rising prices increased home values across the board and is leaving homeowners flush with equity. This is great news for homeowners. The team at Peoples Choice Mortgages wants to help you understand why equity is a useful asset and you should be jumping for joy.

A survey conducted by Point2Homes suggests that 74% of millennials are interested in buying a home in the next 12 months. The same survey points out that 88% of millennials do not have enough savings to cover the average down payment. Many aren’t aware that down payment assistance is available and might make your dream of owning a home more realistic than you think.

2020 has been a tough year for us all. The coronavirus pandemic has brought with it over a million deaths worldwide. Along with the great number of people who have lost their lives, many have also lost their jobs and are at risk of losing their homes … With so many Massachusetts residents unemployed, many are unable to pay their bills right now. Thankfully there are several programs available to assist those in need during these tough times.

Housing inventory is extremely low. If you're looking to sell, the high demand along with low market inventory may help you get a better deal. You may be able to negotiate the commission your agent receives when you sell your home.