One of my buddies who makes almost $50,000 more a year than me and has perfect credit is having trouble getting a mortgage. The mortgage guy told him lenders are pulling back preparing for a major real estate crash. Anyone know if this is solid information? #asknostr
Discussion
Can not verify, but I've expected this.
I don’t have any special knowledge, but it is likely to do with the tariff economic impact risk. Uncertainty leads to less lending and a dip in real estate.
With the way things are looking, caution seems to be the name of the game for lenders right now.