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.

Multi family properties are not the first thing that comes to mind when you think of buying a house, but there are good reasons it should be. Buying a multi family house can give you passive income, more house, and the financing is just as easy as a single-family home.

While it is difficult to buy a home in today’s real estate market, it is still very possible. The key to navigating these waters as a home buyer is patience. The team at Peoples Choice Mortgage is here to explain to you why patience is key to buying a home.

Starting the home buying process without getting pre-qualified for a mortgage is putting the cart before the horse. Before you pick up the phone to call a realtor, schedule an appointment with an experienced mortgage professional.

Rising rents, rising mortgage rates, and rising home prices is a trifecta of misery for anyone who is delaying buying a home. All of the projections point to more money coming out of your pockets if you wait to buy a home.

The coronavirus has changed the way work and travels operators, and our new lifestyle is here to stay. With work being more remote, choosing a home becomes an even more important task for families to take on. When buying a home, you have to consider how well it allows for social activities to take place. You also have to consider if the home is a good fit for you to work in.

Buying a house is a lot like a relationship. Yes, the practical benefits are important, but it is the emotional benefits that often mean the most. Buying a house is a love story. Being a homeowner is a fairytale.

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.

Today, it looks like conditions are favorable for homeowners who have been considering a mortgage refinance. Rates appear to only be going higher and home values are already at all-time highs. How much longer can today’s environment remain favorable? The bottom line is that if you are a homeowner who has not recently refinanced their mortgage, it might be time to explore it.

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.

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.

A large wave of foreclosures is extremely unlikely. Homeowners have several options when it comes to dealing with their forbearances, and many homeowners have already dealt with their loans. Any foreclosures will not be commonplace, and both buyers and sellers should be confident the real estate market.

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.