Despite affordability challenges and economic uncertainty, most experts—including Freddie Mac and other housing authorities—do not predict a housing crash. One of the main reasons? Supply and demand are still seriously out of balance.
This remains the leading cause of mortgage denials in 2025. Your DTI compares your monthly debt payments to your gross monthly income. Lenders use it to assess how comfortably you can take on a mortgage. "In today’s market, with higher home prices and tighter budgets, it’s easy for buyers to become overextended," says Tricia. If your DTI is too high, it signals to lenders that you may struggle with additional debt.
Your credit score plays a huge role in whether you qualify for a home loan — and what kind of interest rate you’ll get. But the good news? Building or improving your credit doesn’t have to be complicated. A few consistent habits can go a long way toward boosting your score and preparing you for homeownership.
If you’re 62 or older, your home may be one of your biggest financial assets — and a reverse mortgage could help you make the most of it. This unique loan allows homeowners to convert part of their home equity into tax-free cash, all while staying in their home and maintaining ownership.
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