Official Mortgage Lender of FAU AthleticsOfficial Mortgage Lender of FAU AthleticsIf you are putting your home on the market, staging it first can impact the number and size of offers that you receive. A survey by the National Association of Realtors found that staging a home can increase buyers’ offers by up to 10%. Additionally, in the same survey, 31% of real estate agents said […]
Read MoreThis past June, the Federal Reserve Bank raised interest rates by 0.75% in an attempt to quell the sky-high inflation plaguing our nation. This is the largest single rate increase in 28 years and will have a ripple effect on potential homebuyers seeking mortgages. This change can add tens of thousands of dollars in additional […]
Read MoreAfter you’ve made the decision to move and secured financing for your new home, the next step is to hire a real estate agent to help you sell your home and show you new ones. The two most popular ways to find an agent are either referrals from friends and family or searching online. Using […]
Read MoreIf you are thinking about selling your home, whether to upsize, downsize, or move to a different part of the country, one of the most pressing questions you may be pondering is how much you should ask for your home. There is no specific formula to determine a home’s value. Rather, there are a number […]
Read MoreYour credit score tells lenders how responsible you are with managing and paying back debt. It plays a significant role in the interest rate that you will pay as part of your mortgage. Specifically, the higher your credit score, the lower your interest rate. A slight difference in interest rates can save you thousands of […]
Read MoreThe Federal Reserve raised its interest rate in March and then raised it again another half of a percentage point in early May. This was the largest increase that the bank has approved in more than 20 years. This move has a profound impact on anyone who borrows money, including homeowners considering refinancing their home. […]
Read MoreIf you are thinking about applying for a mortgage to finance your home purchase, you are in good company. 87% of home buyers financed their home purchase in 2021. Many clients ask us what the different elements that make up their mortgage are.[1] Down Payment The down payment is the amount of money that you […]
Read MoreThe terms “mortgage broker” and “mortgage lender” are often used interchangeably. While both of these functions can help you obtain a mortgage, they are actually two separate entities that perform different roles. What Is a Mortgage Lender? A mortgage lender is an organization that lends homebuyers money to purchase a home, like Choice Mortgage Group. […]
Read MoreChoice Mortgage Group is proud to live up to its name as a superior choice of financing for homebuyers throughout South Florida. Following are the top five reasons why South Florida homebuyers prefer us: We are committed to Boca Raton and South Florida. We know the local real estate market because we live here too. […]
Read MoreIt’s time to purchase your first home. You know the style you want, the number of bedrooms, and even how you plan to decorate it. The missing piece of the puzzle is how you will pay for it. Understanding the three primary components that go into a mortgage can help you make an educated choice […]
Read More2022 looks like it will be another busy year for the real estate market. We are looking at a year of higher loan limits, but also higher home costs and mortgage rates. Let’s take a look at each of these elements: Higher Conforming Loan Limits The Federal Housing Finance Agency (FHFA) recently increased the maximum […]
Read MoreThe housing market is sizzling! Redfin, a national real estate company, announced that 55.9% of their homes were involved in bidding wars in January. Historically, bidding wars have been more prevalent at the mid to higher price points in the market. Today, while they are more likely to occur in homes that cost over $600,000, […]
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