A $100,000 mortgage can be harder to get than a much bigger one. Here’s why

Many mortgage costs don’t shrink along with the size of the loan, giving lenders less incentive to originate smaller mortgages.

[Source images: Adobe Stock]

BY Anna-Louise Jackson

Getting your foot in the door of one of the lowest-priced homes on the market has become increasingly challenging—and rising prices are only partly to blame.

Financing options for a mortgage with a principal balance of $100,000 or less are increasingly harder to come by or carry much higher rates,........

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