In fact, now that the pandemic is receding our economy is growing at a rate that has not been seen since 1984. Unfortunately, another economic indicator is blinking red. Inflation fears are rising. The good news is that real estate might be immune.

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.

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 People's Choice Mortgage is here to give you the data regarding mortgage rates and what it means for homeowners and home buyers.

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.

Rock bottom mortgage rates are incredible for current homeowners because they provide an opportunity to refinance their existing mortgages. However, not all homeowners have been able to take advantage of this opportunity. Lenders have been very selective with their mortgage refinance requirements. Fortunately, it looks like good news is on the horizon and more homeowners will be able to refinance their current home loans.

Every week, more good news keeps coming out about the real estate market and homeowners! The team at Peoples Choice Mortgage is here to keep you updated on some of the latest real estate headlines and what it means for buyers, sellers, and homeowners.

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.

ven though the pandemic is not quite stamped out, it is clear that America is getting back to business. This is great news for an already hot real estate market.

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.

We take great pride in helping individuals who never thought it would be possible to buy a home to get the mortgage they need. Watching our clients sign their final paperwork to close on their property gives us all the satisfaction we need and the motivation to keep doing it everyday. However, it is always wonderful when others take notice of our efforts and the exceptional organization that we have put together. We are honored that The Vision took the time to write up a spotlight about Peoples Choice Mortgage for their latest issue.

This red hot real estate market has benefited millions of homeowners. However, mixed messages regarding possible foreclosures means it’s time to see what the data says about what’s over the horizon.

… Intense competition between buyers is causing an astronomical amount of bidding wars over houses for sale on the market. In turn, these bidding wars are driving up home prices to record levels. While it might be tempting to make a bid that far exceeds the appraised value of the home, it can actually complicate your ability to get a mortgage.

Mortgage refinances in 2020 were up over 100% from previous year’s levels. Beyond the fact that many decided to refinance their mortgages while rates were low, many decided to refinance for more than their previous mortgage. These types of cash-out refinances can have implications on the overall market. What do last year’s cash-out refinance numbers say about the health of the housing market?

New home sales in February dropped well below their January levels. Does this mean the red hot housing market is cooling down? Does this mean that homebuyers have finally had enough? The team at Peoples Choice Mortgage wants to take you behind some of this data to give you the full picture. When you look at all the numbers, the housing market is strong as ever and nothing is stopping motivated homebuyers.

If you are someone who purchased a home before last year or early in the market’s rise, you are doing great. Chances are, the value of your home has risen dramatically. In that case, it is also likely that your equity has risen, too. That is great news for homeowners and the team at Peoples Choice Mortgage is here to breakdown why homeowners are rejoicing.