Offered in the $2.2 trillion stimulus bill or CARES Act that Congress passed in March, forbearance had some unintended consequences for borrowers.
Forbearance is when a lender agrees to let a borrower postpone payments until a later date. The payments are not eliminated.
While your health and welfare are top priorities during the COVID-19 pandemic, you may also be concerned about how current economic conditions can impact your financial situation.
The coronavirus has thrown us all a curveball, and we know many homeowners are worried about how they will make their mortgage payments. Many mortgage providers have offered to suspend monthly mortgage payments. While saving hundreds or thousands a month may sound like a win, there’s more to consider.
With so many prominent societal changes over the last few decades, it is fair to ask if people in America still feel the same way about owning a home. The answer is abundantly clear by looking at these statistics and benefits!
A person’s age can affect a lot of things about their life, including what type of house they are in the market to buy. Millennials, Gen Xers and Baby Boomers are the three largest age groups dominating today’s mortgage industry, and here are some trends that impact their homebuying experience.