Current Market Update - May 7
Forebearance - How to get in, get out, and the 12 month waiting period
By Nicole Rueth - May 7, 2020
Real Estate IS Resilient!
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There have been more questions than answers when it comes to forbearance. Banks and servicers are making it oddly easy to get into forbearance making it seem like even if you don't need it, it's the right thing to do. But is it? It can affect your ability to get a lower interest rate or purchase a home for 12 months, locking you OUT of the market.
Parents, sellers.. I'm talking to you as well. There are consequences the Cares Act did not think through.
Listen to find out how to get in, get out, and more about the 12 month waiting period!
The Rueth Team of Fairway Independent Mortgage Corporation
750 W Hampden Avenue, Suite 500
Englewood, CO 80110
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