According to noted mortgage specialist Debbie Bloyd, real estate closings are still taking place and while it’s very difficult to shop for a home, especially if it’s owner-occupied, there are some people who have to move and find a new place. Obviously, how much longer the lockdown continues will have a major bearing on the market. Debbie warns all to be careful about applying for a mortgage payment deferral. You need to know repayment terms and while it shouldn’t negatively affect your credit score, you need to check to be absolutely certain. There’s other traps that we go into in depth. Take a listen.
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