Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the big beautiful bill and how it effects housing.
Today's article is from CNN.com: "Here's how Trumps 'big beautiful bill' would impact housing." We haven't read the full bill, but this article applauds the expansion of tax credits that help assist landlords and builders rent and build for low-income earners. The bill is over 1,100 pages long and is likely to still have some changes, but the critics say there are a ton of cuts to affordable housing initiatives.
The bill also includes state and local tax deductions in high-income areas -- the increase in the deduction starts at $40,000. Critics say it only benefits the rich, but that's not always the case.
The overall criticism of the bill is that it doesn't do enough to decrease the tax deficit. The interest on America's trillions of dollars in debt is huge. We have to address the deficit.

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.
The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation.
Visit our website at nflp.com/licenses for all state licensing and other legal information.

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.
The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.