Seeing those big price tags on homes can be daunting when deciding whether mortgage vs rent is right for you. When you consider the long term impact on your wallet, the answer is clear. Buying a home is a better investment than renting.

Many people are excited by historically low mortgage rates and are in the market to buy a home. In fact, last month existing home sales increased by 24.7%. There is no doubt that people are trying to strike while the iron is hot. However, not everyone is doing their due diligence before trying to buy their dream home. According to a Realtor.com survey, only 52% of potential buyers got pre-approved for a mortgage before starting their home search.

There are many ways to enhance your credit and improve your credit score. If you are even considering buying a home, do not wait until your credit is perfect to speak to a mortgage professional. Let us use the tools at our disposal and our knowledge of the industry to help put you on the right path to getting a home.

The real estate market has been heating up. There are plenty of people looking to buy homes. Some people are looking for a new home to make life more bearable during the pandemic. They are looking for houses with bigger backyards or rooms that they can turn into a home office. Some people are trying to take advantage of historically low mortgage rates and buy their new dream home, whatever that might be.

Mortgage rates are at historic lows and people are rushing to take advantage. Many people are looking to buy a new home, whereas others are looking to refinance their current home. Wherever you fit it, there might not be a better time than right now to lock in low interest rates for the duration of your loan. In spite of this incredible opportunity to get a new mortgage, many people are still sitting on the sidelines.

It is important to keep in mind that appraisals are different from home inspections. Inspections look at the major features of your house, such as the structure, foundation, roof, plumbing, etc. They let you know if anything is wrong with the property. However, they do not tell you the fair market value for your home. That is what an appraisal is for!

The real estate world is changing. Some of these changes are a response to the pandemic. Some of these changes are due to government policies. But some of these changes are trends that have been developing for a few years. One such trend is that iBuying is on the rise. According to MarketWatch, the number of people using iBuyers to buy or sell a home “represents a small but growing share of the real estate market.” As iBuying becomes more popular, it is important for you to learn about it. Like most technological innovations, it is not perfect. The truth is that iBuying presents some real risks if you’re looking to buy or sell a home.

Some parts of the economy are reeling from the pandemic. However, the real estate market is not one of them. Mortgage applications are up as more and more people are looking to buy a home. Lots of people are rushing to take advantage of historically low mortgage rates and buy their dream home. Even still, some people are not rushing to fill out a mortgage application. One of the biggest reasons that people are hesitant is because they cannot put 20% down to buy a home.

At the beginning of the pandemic, many people started to predict that Covid-19 would be the death of the American city. Local and national publications kept suggesting that the coronavirus would cause people to leave the cities for the suburbs. These publications suggested that a collapsing economy and fear of outbreaks would send people packing in droves.

Concerns about Covid-19 have led to a lot of economic uncertainty since March. However, the mortgage market has been a bright spot. For most people, commercial and residential properties are the biggest assets they own. This means it is always important to keep up to date on what is happening with mortgage rates and other related factors. Here are some of the things that the team at People’s Choice Mortgage are keeping an eye on.

Just because you are a Veteran, it doesn’t mean you should immediately lock yourself into a VA home loan. Why is that? Let’s walk through the most popular advantages and disadvantages of the VA loan process. We will also address why having a broker who cares about education is the key to success for any loan application.

This is huge for homebuyers. As a buyer it means home affordability has greatly increased. This is what happens when you are faced with historically low mortgage rates. Even in today’s sellers market, the buyer still wins. As inventory depletes and homes fly off the market, buyers are forced into countless bidding wars across the nation.

People’s Choice Mortgage brokers have an edge over your local branch and other brokerages, working with over 80+ lenders. We have a vast array of information and resources. Having more than one option, provides you the opportunity to shop for the best deal for you.

For every article you find on the internet that says, it’s time to buy a home, you will find one that says to wait. As it stands, consumers are proving they are ready to be homeowners. It might be the stay-at-home orders that has created a surge of eager buyers or the market instability providing dropping mortgage rates but either way, home shoppers are in the market.

Mortgage rates are at an all-time low, thanks to the Federal Reserve’s efforts in March — buying unlimited amounts of bonds and supporting lending. Their actions included two rate cuts that were part of the central bank’s broader work to protect the economy from more financial damage due to the COVID-19 pandemic. Depending on your scenario, refinancing may be a stellar option to help you lower your monthly payments and come out of this pandemic more financially confident than when it started.

Boston has some of the world's best healthcare solutions, schools and unarguably the best seafood. However, to date, Massachusetts is facing 107k corona cases and nearly 8k deaths. We are the 5th highest in Covid fatalities. With cases still climbing, the allure of moving to the suburbs is real for a few people.

Let’s get into the nitty gritty of your budget and how you can effectively use a mortgage calculator as one of the tools in figuring out your mortgage payments. Here is a breakdown of what you need to consider as you breakdown your budget: PCM Budget Planner

Covid-19 has made it astoundingly apparent how important our homes are, they are not just a place to simply conduct our day to day lives anymore but also a haven of protection. If you’ve been unhappy with your landlord, home maintenance, or even your neighbors this situation probably escalated your motivation to get into a home that’s a better fit for you. Even with that eagerness to move, you may be questioning is now the right time? Will the market crash? Does my current home have value in the COVID market?