Mortgage refinancing recently soared to unprecedented levels due to the COVID-19 pandemic and the Fed’s emergency rate cuts. Here is an overview of what to expect from a home refinance during a pandemic.
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!