What a $6 Trillion+ Market Dip Means for Home Buyer Mortgage Qualifications

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss if shrinking bank accounts post liberation day could affect your ability to qualify for a mortgage. The POTUS says to hang in there, but in the meantime there are some fears out there in marketplace. 

Today's article is from mpamag.com: "The '800 pound gorilla' now threatening housing affordability in the US." The article is referring to people's shrinking investment accounts. Americans lost trillions in wealth, and the average American's wealth is tied to their homes and 401ks. 

If you were looking to buy, most lenders will allow you to borrow 50% of your vested balance. So, if it is worth less now, that could be a struggle for your down payment - if you were intending to borrow from that account. 

Listen in as we discuss this and more! 

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.