Coronavirus: The Burbs Are Calling
People's Choice Mortgage
People's Choice Mortgage South Easton
Published on June 25, 2020
Boston Suburbs Benefits

Coronavirus: The Burbs Are Calling

Boston Suburbs Benefits

Verify your mortgage eligibility (Jul 11th, 2020)

There are countless reasons to live in the city of Boston. We have the Red Sox, who wouldn’t want to live here? Outside of the greatest sports team to ever exist, we have some of the richest american culture and heritage. Our pride spills over into everything we do here, maintaining Boston’s spot as one of the top cities to live in. 

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. 

Covid-19 has played a role in providing many people with the tools needed to feel confident in working from home.  Sure you can’t make your daily walk to Thinking Cup for your morning brew, but they’ve morphed their business model and now you can get their products delivered to your doorstep… even in the burbs.  And let’s be real, trivia nights at your local pub can be done online via houseparty and you’ve actually enjoyed it. 

Verify your mortgage eligibility (Jul 11th, 2020)

This picturesque, supremely located one bedroom condo at 17 Snow Hill St Apt 5, Boston, MA 02113 with the perfect walk score, might work for the bravest empty nesters or even for that solo entrepreneur. I mean it has an office, small balcony and is well lit, providing you some needed vitamin D.  This will take care of some long overdue amenities many are looking for.

However, this newly listed 3 bedroom, 1.5 bath colonial property in Westwood is just 10k more. The additional 842sq feet provides plenty of room for families or that solo entrepreneur to entertain guests and most importantly keep a 6ft distance from your neighbor. 

Trading in your pricey condo with steep HOA fees for a nice single family home, with these additional amenities and options for upgrades doesn’t sound so cliche anymore. Many buyers simply feel a bigger risk in the condensed city. The option to social distance while still having a place to entertain friends and family that keeps Boston within reach, is sincerely appealing.  

Verify your mortgage eligibility (Jul 11th, 2020)

You won’t be traveling to work as much, but areas like Westwood, Milton, Canton and Cambridge still have public transportation options. The trek to the office doesn’t seem so overwhelming when you consider all these added value options, like private pools, open office space, creating game rooms, or turning a basement into a pub even.

Inventory on housing in the suburbs and in the city still remains tight, which means if you are looking to sell and move to the outskirts of the city it’s completely doable right now. This seller’s market will not disappoint you. 

If you are a purchaser banking on home prices descending, you won’t save nearly as much money with a price drop as you will with low interest rates. Interest rates are historically low right now which will save you significantly more than any housing crash.  A $500,000, 30 year loan with 4.5% may cost you upwards of $412,000 in interest payments over the lifetime of the loan.  Yet, that same $500,000 loan with 2.5% interest may only cost you up to $211,000 in interest payments. The only tried and true way to find out what you can save yourself is to reach out to our brokerage and start the process, so we can get you qualified for the lowest, best rate possible. 

At PCM our goal with all of our clients is development and education, the sooner you get paperwork turned in the more time we have to help get you into a great loan with the best interest rate for you. If you wanna work with a company that will do their very best to educate you on loan options and how you can save 100,000s or even tens of 1,000s over the lifetime of your loan, PCM is who you want to work with. 

Show me today's rates (Jul 11th, 2020)
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