😅 Just when you thought you could afford a $500,000 home #realestate #mortgage #interest
Summary
This video highlights how rising interest rates can significantly impact the affordability of a home. Even a seemingly small increase can substantially decrease the amount a lender is willing to offer, due to the Debt-to-Income ratio. As mortgage payments increase with rising rates, the maximum loan amount one qualifies for decreases.
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Curated by Learn STR by GoStudioM