))
When Rates Rise After Pre-Approval: What Buyers Can Do
Manage episode 512852195 series 3675445
المحتوى المقدم من Mortgage Research Network. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Mortgage Research Network أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
It’s a common—and stressful—situation: mortgage rates climb after you’re pre-approved, shrinking your buying power. Tim Lucas and Craig Berry break down how rate bumps affect approvals, why it’s not always a deal-breaker, and the creative strategies buyers are using to adapt.
In this episode you’ll learn:
- The math: Every 0.25% rate increase can trim ~$10K from your home budget; a jump from 6.25% → 7.5% could slash purchasing power by nearly $50K.
- DTI flexibility: Many loans allow DTI up to 45% (FHA even higher), so small jumps don’t always disqualify buyers.
- Creative fixes: Seller-paid rate buydowns, considering fixer-uppers for negotiating leverage, or adjusting your down payment to help qualify.
- Stay current: Skip lagging surveys; use real-time rate sources instead of panicking over Fed announcements.
- Beyond rates: Don’t forget taxes, HOA dues, and insurance—all can impact your qualifying amount as much as interest rates.
Read the full article:
https://www.mortgageresearch.com/articles/mortgage-rates-went-up-after-pre-approval/
49 حلقات
مشاركة
