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Podcast: Financial Residency
Episode: Mortgage Minute - How might a declining market affect a new mortgage?
Description: This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Doug explains how a declining market might impact getting a mortgage on a new property. We have seen a rapid rise in home prices over the past few years, but several markets throughout the US are pulling back and appraisals are coming in short. When this happens, a bank may not lend you the full offer price you initially m...