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Now that rates have risen and economic uncertainty is on top of everyone’s mind, what can homeowners and home buyers expect? How will home loans and home buying be impacted by today’s trends? The mortgage brokers at Peoples Choice Mortgage are here to help you decipher what today’s data means for home loans and home buyers.
Recently, US News & World Report just released their top 150 places to live in America list. What is truly incredible is how many of these wonderful cities have access to the professional mortgage brokers at Peoples Choice Mortgage. Here are the top places to live in America …
It is important to figure out if myths are correct and if they are serving you well before you hold on to them. First-time home buyers should heed this lesson. Some of the more prevalent myths about first-time home buyers in today’s market are false and harm first-time home buyers.
Hopefully, this slight decrease in the CPI might mean that we have hit a peak. How likely is it that we have hit peak inflation? If we have, what does this mean for mortgage rates and home buyers? The team at Peoples Choice Mortgage is here to help home buyers and homeowners with what will happen to mortgage raets depending on inflation.
Over the past couple of years, used car prices reached all-time highs. Over the same time frame, home prices have also reached all-time highs. Consumers of all types, from homes to cars, to even bacon, have been seeing outrageous prices when it comes time to paying. The common thread amongst high prices everywhere is that inflation has been raging out of control.
One of the hard parts about doing anything the first time is that you do not know enough to know what you do not know. First-time home buyers often have to face this exact problem. Applying for a home loan and buying a house can be overwhelming without help. The team at Peoples Choice Mortgage is here to give you all the help you need and make buying a house as simple as possible.
Mortgage brokers cannot serve two masters. They can either serve their clients needs or they can try to do what is best for their commission structures. Prioritizing loyalty means choosing a mortgage broker that prioritizes your needs above all else.
People are flocking to Florida and some are calling it the hottest market in the country. All parts from Pensacola to Palm Beach, to Tampa Bay are flourishing. Why are home buyers rushing to get home loans in Florida for the house of their dreams? Why are home buyers rushing to fill out mortgage applications with their trusted mortgage broker in the Sunshine State?
Bill Simmons and Ryen Russillo are media personalities on The Ringer, a website dedicated to sports and pop culture. Both achieved fame as prominent personalities for ESPN. While known for discussing sports, their conversation about the Denver Nuggets turned to real estate. Simmons and Russillo agreed that Denver is a great place to live and that people are flocking there from all over. Are these sports experts right about Denver real estate?
Are today’s rising home prices being driven more by home buyer demand or low inventory? The team at Peoples Choice Mortgage is here to look at today’s trends and see what home buyers and homeowners can expect from home prices.
Preparing for a home purchase involves a web of consequential factors. If you wish to buy a home within the next six to 12 months, use the following debt-management suggestions to smooth out your course.
Inflation is now running rampant and the Federal Reserve must take action to get it under control, which means interest rate increases. 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 Peoples Choice Mortgage is here to give you the data regarding mortgage rates, inflation, and what it means for homeowners and home buyers.
Can you increase your offer and still qualify for a home loan? Is there anything you can do other than increasing your offer that will make it more likely you will successfully close on the home? These are all complicated and important questions in a market as competitive as today’s. However, no matter how tough it is for home buyers, by focusing on the 3 Ps (patience, planning, and professionals) you can buy the house of your dreams.
Home buyer demand is through the roof, but home availability is limited. This has created a perfect recipe for rising home prices in Florida. As a result, condos are becoming more and more popular.
Even small increases in mortgage rates can add up to thousands of dollars. That’s why if you are thinking of buying a home or refinancing your current mortgage, it is best to act now. Delaying your decision can cost you the opportunity to get lower monthly payments and big savings over the life of your home loan.
A mortgage can be described as a financial transaction, which includes a promise to repay a large debt. It comes with official documentation and is regulated by the government. While some people say the mortgage process is a headache, the loans can help you own your dream home.
However, homeownership is a massive undertaking, so you must be prepared to find a lender you can trust. Mortgages come in different varieties, including options ideal for low-income borrowers. Before you sign to get that mortgage, here are some of the things to keep in mind, presented below by People’s Choice Mortgage.
When you are in the midst of a market cycle, it is entirely unpredictable. It is very difficult to tell if you are at the peak of the market or if you are at the bottom of the dip. Markets can go higher than you would imagine, and they can go lower. Given that context, it is time for home buyers and homeowners to look at today’s market. Have we peaked or will this real estate run continue?
Homeowners should remain confident that there will not be a wave of foreclosures that will destroy their home values or equity overnight. Homebuyers should not be complacent, thinking they can wait for a flood of mortgage foreclosures to cause home prices to drop. While anything is possible, this scenario is incredibly unlikely.
Even though home prices are rising, are they still affordable for home buyers? The truth is that the answer to that question depends on your own financial situation. Determining if buying a house is truly affordable comes down to a number of factors and the team at Peoples Choice Mortgage is here to break them down.
What happens between militaries has ramifications for economies. How will this conflict impact the real estate industry here in America? What should home buyers, homeowners, and mortgage applicants know? Here is how the Ukraine-Russia war could impact US real estate …
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.