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More Leverage, Less Interest, Higher Home Values: What’s the Trade-Off?
In this episode of the Mortgage Research Network Podcast, host Tim Lucas examines three housing trends that appear encouraging on paper but come with important trade-offs. Homebuyers finally have more listings to choose from, pending sales have slowed, and about 21% of listings recently had a price cut. That gives qualified buyers more room to negotiate over price, closing costs, repairs, and mortgage rate buydowns. However, a buyer’s market cannot make an unaffordable monthly payment affordable.
Tim also breaks down how making the equivalent of one extra mortgage payment each year could…
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