If you are paying attention to the number of mortgage applications being processed, you might wonder if it is a warning sign for the market. However, other data indicates that declining mortgage applications is nothing to worry about.

Many prognosticators believe that the pandemic has created the conditions for another crash. Thankfully, history does not always repeat itself. We learned enough from 2008 to make sure the real estate market is not collapsing.

When you think about it, there are a lot of interested parties involved in a real estate transaction and even more paperwork. Anytime you have a system that is this complex it is best if you have an order of operation for how it should optimally work. When it comes to buying a home, there is and getting pre-approved for a mortgage is the first step.

In today’s real estate market, it pays to understand the concept of a reserved bid because it will help you make the perfect offer when buying a home. The asking price for a home on the market is similar to a reserved bid. An asking price is a starting point and that changes how you can make the perfect offer.

Since demand has been sky high while supply has remained low, home buyers have been facing record high prices. While just as many home buyers want to buy a home, many are being priced out of the market, which is decreasing sales. Thankfully, the forces behind supply and demand seem to be turning and home buyers might start having more opportunity to land the houses of their dreams.

Understanding the relationship between mortgage rates and inflation will give you a better picture of the economy and help you be prepared as homeowners and home buyers.

A new program from Fannie Mae is giving low-income homeowners a chance to refinance their home loans. If you have tried to refinance your mortgage, but did not meet their requirements, your opportunity might have just arrived.

Today’s forbearance numbers do not paint a complete picture. To understand the reality of the most recent mortgage forbearance numbers, the team at Peoples Choice Mortgage is here to take you behind the data.

Your mortgage broker is more than someone who helps you secure a home loan. They help you secure the key you need to unlock your dreams. If your mortgage broker is more than securing lending, then what should your relationship goals be with them?

On this Memorial Day, our family at Peoples Choice Mortgage would like to honor all of those who have given their lives to protect the values we cherish the most.

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.