Your Trusted Massachusetts Mortgage Broker,
Providing Home Loans for Our Community
Boston | Quincy | Dorchester | Easton | Brockton | Cape Cod | Metro South
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Education
Our company mantra is to provide our local communities with the information and resources they need to make a truly educated choice about their mortgage options. We are committed to working with our clients for however long it takes to get them into their ideal loan program and dream home.
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Personalization
There is no single straight and narrow path to homeownership. Our mortgage brokers are not only educated enough to be confident about sharing their knowledge with you, but they can canvas a wide variety of lenders to get you the best loan options for your personal situation, unlike banks and direct lenders.
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Approval
We realize every loan isn’t going to get an approval on the first shot. However, we are willing to put in the work with our clients to ensure you can work towards approval with us. We have access to programs and credit enhancements strategies, and unlike other mortgage brokers, we are willing to share that information and put in the work!
There are Benefits to Being a Homeowner in Massachusetts
Mass Healthcare Steadily Ranks #1 or #2 in the Nation
We are proud of our local services and healthcare providers. They create options for us not within the community to have top-notch resources and solutions for our health.
As your local Massachusetts Mortgage Broker, we also offer home loan programs specific for our healthcare workers. If you want to find out more information, or if you qualify, reach out today and get started.
Massachusetts is a Leader in Prioritizing Education
If you are in Boston, Quincy, or even Springfield, you can rest assured your child’s education is a priority. It’s one of the many advantages of living here. Not to mention our excellent standards of college education from MIT to Harvard, Wellesley and beyond. Our community provides for our students and their future.
Here at Peoples Choice Mortgage, we also provide home buyer programs for our educators. Reach out today to get started and see if you qualify.
Second Homes and Vacation Rentals Hold Value
If great education and top-notch healthcare doesn’t sell you on making this place home, the rich history and premier seafood will surely seal the deal!
We are proud to be Massachusetts natives. Our history and culture are cornerstones of our nation’s foundations. The people of Massachusetts have always found a way. A home in Massachusetts can be a great family investment regardless of whether it’s a primary home, or a vacation property in Cape Cod or Boston.
If you are interested in learning about our second home programs, please reach out today and see if you qualify.
We work with All Massachusetts First-Time Home Buyers
Find Your Dream Home
Search up-to-date home listings and get connected with a top-rated real estate agent. Our brokers can connect you with an educated realtor in the local communities of Massachusetts, such as Quincy, Dorchester, or Brockton.
Massachusetts Homeownership FAQ
Massachusetts provides a great community around homeownership and supports homeowners, from first-time home buyers to the most seasoned, with a variety of resources.
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Of course! There are educational programs available from the state and various localities in Massachusetts. Additionally, Peoples Choice Mortgage loan officers pride themselves on educating consumers every step of the way. We want you to feel financially confident in your home purchase.
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There’s no one answer for this. Generally, if your goal is to lock in current interest rates, a fixed rate loan can be highly favorable. Variable rate loans are less predictable, but they typically mean that you’ll have lower payments in the short-term future, which increases your home affordability. It all depends on your financial situation and current mortgage rates. Massachusetts mortgage experts from Peoples Choice Mortgage can help you find the program that is perfect for you and your needs.
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It pays to strike while the iron’s hot! Home prices are increasing, but interest rates are still low. One of the most important things about a home purchase or refinance is to lock in favorable interest rates. Mortgage rates have fallen since 2018 through the first half of 2019 and again in 2020. Mortgage rates are still hovering near historic lows, which suggests now is as good a time as any. Low rates and lower payments help you build home equity.
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It’s still a 3.5% down program, because it is an FHA program. Essentially it’s a government grant that you do not have to pay back. The bigger caveat with this is, if you opt into this program your home interest rate with be higher. These programs may be beneficial to someone who can afford approximately a 25% higher monthly payment. Typically, most of the clients who are in this program will refinance within a year or two to get their payments lower after that term. Closing time on these loans can also be slightly longer just because the government grant has to be processed to get a clear to close. There are also down-payment assistance programs offered through the state government and various local governments.
Resources For First-Time Home Buyers
Refinance Programs in Massachusetts
Let Your Equity Work for You
Refinancing can be good for:
- Lowering monthly payments
- Paying down debt
- Renovating your home
Massachusetts Refinancing FAQ
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Numerous! You can save money, lower your monthly payments, and potentially even lower or eliminate the cost of monthly mortgage insurance. You can also shorten the term of the loan if you want to take advantage of a higher income to make a long-term investment in the ownership of your home.
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There’s no one answer for this. Generally, if your goal is to lock in current interest rates, a fixed rate loan can be highly favorable. Variable rate loans are less predictable, but they typically mean that you’ll have lower payments in the short-term future, which increases your home affordability. It all depends on your financial situation and current mortgage rates. Massachusetts mortgage experts from Peoples Choice Mortgage can help you find the program that is perfect for you and your needs.
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You won’t change the amount of principal owed on the loan. However, by reducing your mortgage rate you will reduce the amount you pay in interest over the life of your home loan. You might also decrease your monthly payments. Also, the collateral on your home loan isn’t likely to change either. An exception to all of this is if you consider a cash-out refinancing program, which will allow you to tap into your equity by taking out a home loan on more than you currently owe.
Resources about Refinancing
