The Whole Truth With Jill Rosensweig

Coronavirus and Real Estate Part 2: All about Mortgages

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Sinopse

In this week's episode, Attorney Rosensweig dives deeper into questions relating to the global pandemic and its impact on real estate.  This week, she is speaking with real estate broker, Chadd Levine, specifically about how to navigate any concerns you may have regarding making your mortgage payments at this time.  Can you simply stop making payments?  Should you seek a forbearance, effectively pausing your mortgage obligations? How about refinancing so that your monthly payments are lower?  Is it possible to borrow against your property to have more liquidity right now?  Finally, what happens to people who are suddenly not earning an income because of Coronavirus but they were in the midst of securing a loan?   Is all hope lost?  Mr. Levine gives sound, solid and clear advice as to how to get through this challenging and unprecedented time.