The holiday season brings cheer and goodwill, but for many, it also brings financial strain. This year, as the nation grapples with record-breaking credit card debt totaling $1.08 trillion and interest rates soaring to a staggering 21%, the added pressure of holiday spending exacerbates these challenges. According to Deloitte, the average holiday shopper plans to […]
Read More…Introduction: Embarking on the journey of securing a home loan is exciting but can be riddled with pitfalls. At Choice Mortgage Group, headquartered in beautiful Boca Raton, FL, and licensed across 14 states, we’ve witnessed and guided clients through the home loan process. Join us as we unravel common mistakes and provide expert insights tailored […]
Read More…The Federal Housing Finance Agency (FHFA) just dropped some significant updates that will impact the housing market in 2024 in Boca Raton, South Florida, and beyond. These changes revolve around the conforming loan limit values (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac (the Enterprises). You can access the full FHFA press release […]
Read More…Introduction: Welcome to Choice Mortgage Group! As residents of Boca Raton, FL, and licensed professionals across 14 states, we understand the pulse of the local housing market and how economic trends significantly sway mortgage rates. Join us as we delve into the intricate dance between economics and mortgage rates, offering insights that affect you, right […]
Read More…We’re excited to bring you some game-changing news that is set to reshape the landscape of real estate investment. Fannie Mae has recently unveiled a groundbreaking policy shift that dramatically reduces down payment requirements for owner-occupied 2-, 3-, and 4-unit homes. Commencing from the weekend following November 18, 2023, the down payment for these properties […]
Read More…The Federal Housing Administration (FHA) has announced a new policy aimed at expanding access to mortgage financing for properties with Accessory Dwelling Units (ADUs), which are small housing units within or attached to a primary residence. This change allows lenders to consider rental income from ADUs when underwriting mortgages, increasing the income that can be […]
Read More…Homeownership is a dream for many, representing stability, financial security, and a place to call your own. While renting offers flexibility and a lower initial financial commitment, there are several compelling advantages to owning a home that both consumers and realtors should consider. In this blog, we will explore the benefits of homeownership, emphasizing why […]
Read More…As a first-time homebuyer, your decision on what type of house you want to purchase can be overwhelming. While dream homes may seem enticing, starter homes offer numerous advantages that make them an ideal option for those just starting out in the housing market. Whether you’re looking to save money or reduce your environmental footprint, […]
Read More…The Federal Housing Administration (FHA) has announced a new policy aimed at expanding access to mortgage financing for properties with Accessory Dwelling Units (ADUs), which are small housing units within or attached to a primary residence. This change allows lenders to consider rental income from ADUs when underwriting mortgages, increasing the income that can be […]
Read More…Introduction: In today’s real estate market, we’re experiencing a unique set of challenges. Inventory shortages and higher interest rates have caused a slowdown in the industry. However, it’s important to understand that despite these obstacles, opportunities still exist for homebuyers. Today, we want to shed light on a particular group of potential homebuyers—the Move Up […]
Read More…Introduction As a potential homeowner, you might have come across the term “Fair Credit Reporting Act” or FCRA while exploring mortgage options. The FCRA plays a crucial role in the mortgage industry and can significantly impact your ability to secure a mortgage. In this blog, we will delve into what the Fair Credit Reporting Act […]
Read More…When it comes to buying a home, there are numerous documents and processes involved that can seem overwhelming to even the most seasoned homebuyer. One crucial document in the home buying process is the “Abstract of Title.” While it may sound complex, understanding this document is essential for a smooth and secure home purchase. What […]
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