BEWARE - Why I Cancelled My Mortgage Loan Forbearance Offer
Why I Cancelled My Mortgage Loan Forbearance Offer - The CARES Act // After learning about some MAJOR pitfalls of the mortgage forbearance agreement and program, I decided to decline my forbearance mortgage offer from my real estate loan servicer. In this video, I discuss what is mortgage forbearance which is part of the COVID CARES Act, how this may affect our housing market 2020 and could this cause a housing bubble or housing market crash 2020. What’s particularly concerning is loan forbearance varies to some extent from lender to lender. For example, one loan servicer may offer 3 months of no mortgage payment while another offers 6 months.
A $0 mortgage payment for several months may sound enticing but there are some disadvantages of not paying your mortgage including a POTENTIAL negative impact on your credit score.
So, if you’re curious what is loan forbearance or what is mortgage loan forbearance as part of the 2020 CARES Act, the pros and cons of what is forbearance, then this video is for you.
Comment below with any questions! Do you think this may cause a housing crash 2020 for our country as well as our California housing market?
Jason Walter (Sacramento Realtor and native)
Sacramento CA
jason@meetjasonwalter.com
DRE #01923240
Realty ONE Group Complete
Follow me on Instagram ➜ @SacramentoRealtor
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More of My YouTube Videos:
Real Estate Market Crash Coming? California Housing Market UPDATE:
https://youtu.be/eIquaC0gmFI
Housing Market Crash 2020? What EVERYONE Needs to Know:
https://youtu.be/rjsOnJF_538
How to Apply for the $10k SBA Disaster Loan - Stimulus Package:
https://youtu.be/u_Ww86WmZAw
What To Do With YOUR Money RIGHT NOW: Personal Finance:
https://youtu.be/f8hhkgWV5Q0
Real Estate and COVID-19:
https://youtu.be/VHf0MqOgUjc
DEAL REACHED: $2 Trillion Coronavirus Stimulus Package:
https://youtu.be/g4pJCaV0E34
➜ PLAYLIST: Videos about Living in Sacramento
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Living in Sacramento: Arden Park
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What does Contingent Mean in Real Estate?
https://youtu.be/C5pcVGW9ZTE
Unexpected Ways to Use Your Real Estate License:
https://youtu.be/BHviM61p5Ow
Why You Should NOT Buy a House: 5 Reasons:
https://youtu.be/aTjcCglFfNI
5 Things EVERYONE Should Do When Buying a House: https://youtu.be/M4Thg6NXC74
Royalty Free Music from Bensound
Disclaimer:
Jason Walter is not a practicing CPA or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified CPA, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.
This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed Realtor with Realty One Group in California under DRE #01923240.
#loanforbearance #realestate #stimuluspackage
Видео BEWARE - Why I Cancelled My Mortgage Loan Forbearance Offer канала Jason Walter
A $0 mortgage payment for several months may sound enticing but there are some disadvantages of not paying your mortgage including a POTENTIAL negative impact on your credit score.
So, if you’re curious what is loan forbearance or what is mortgage loan forbearance as part of the 2020 CARES Act, the pros and cons of what is forbearance, then this video is for you.
Comment below with any questions! Do you think this may cause a housing crash 2020 for our country as well as our California housing market?
Jason Walter (Sacramento Realtor and native)
Sacramento CA
jason@meetjasonwalter.com
DRE #01923240
Realty ONE Group Complete
Follow me on Instagram ➜ @SacramentoRealtor
➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜
To never miss a video about personal finance & real estate related topics, please subscribe to my channel & then hit the bell notification here ➜ https://bit.ly/31kAR73
More of My YouTube Videos:
Real Estate Market Crash Coming? California Housing Market UPDATE:
https://youtu.be/eIquaC0gmFI
Housing Market Crash 2020? What EVERYONE Needs to Know:
https://youtu.be/rjsOnJF_538
How to Apply for the $10k SBA Disaster Loan - Stimulus Package:
https://youtu.be/u_Ww86WmZAw
What To Do With YOUR Money RIGHT NOW: Personal Finance:
https://youtu.be/f8hhkgWV5Q0
Real Estate and COVID-19:
https://youtu.be/VHf0MqOgUjc
DEAL REACHED: $2 Trillion Coronavirus Stimulus Package:
https://youtu.be/g4pJCaV0E34
➜ PLAYLIST: Videos about Living in Sacramento
https://bit.ly/2TkXZSh
➜ PLAYLIST: My 5 Favorite Areas Near Downtown Sacramento:
https://bit.ly/2FNHTbT
➜ PLAYLIST: Fixer Upper videos HERE ➜ https://bit.ly/3aGUTNS
Moving to Sacramento? Top 10 Reasons to Move Here:
https://youtu.be/LHfCyvnSR1w
Where to Live in Sacramento CA:
https://youtu.be/Xhcb28wjuic
5 Pros & Cons of Living in Sacramento:
https://youtu.be/4xVgRZ4alDY
Living in Sacramento: Arden Park
https://youtu.be/sTFdCqYXLEg
What does Contingent Mean in Real Estate?
https://youtu.be/C5pcVGW9ZTE
Unexpected Ways to Use Your Real Estate License:
https://youtu.be/BHviM61p5Ow
Why You Should NOT Buy a House: 5 Reasons:
https://youtu.be/aTjcCglFfNI
5 Things EVERYONE Should Do When Buying a House: https://youtu.be/M4Thg6NXC74
Royalty Free Music from Bensound
Disclaimer:
Jason Walter is not a practicing CPA or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified CPA, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.
This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed Realtor with Realty One Group in California under DRE #01923240.
#loanforbearance #realestate #stimuluspackage
Видео BEWARE - Why I Cancelled My Mortgage Loan Forbearance Offer канала Jason Walter
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