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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? My #1 recommendation for real estate licensing in California: https://bit.ly/2EUYLRq Products I use and like: My webcam https://amzn.to/2QZMFZt Clickfunnels https://bit.ly/2GvfNWp Tubebuddy https://www.tubebuddy.com/jason808 Virtual Assistants https://bit.ly/3lYRujQ AWeber https://bit.ly/3jRO7JY Jason Walter (Sacramento real estate agent and native) Sacramento CA [email protected] DRE #01923240 Realty ONE Group Complete ➜➜➜ 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:    • Real Estate Market Crash Coming? Cali...   Housing Market Crash 2020? What EVERYONE Needs to Know:    • Housing Market Crash 2020? What EVERY...   How to Apply for the $10k SBA Disaster Loan - Stimulus Package:    • How to Apply for the $10,000 SBA Disa...   What To Do With YOUR Money RIGHT NOW: Personal Finance:    • What To Do With YOUR Money RIGHT NOW:...   Real Estate and COVID-19:    • Coronavirus Impact on Real Estate   DEAL REACHED: $2 Trillion Coronavirus Stimulus Package:    • $2 Trillion Stimulus Package: Stimulu...   ➜ PLAYLIST: Videos about Living in Sacramento https://bit.ly/2TkXZSh ➜ PLAYLIST: Five 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:    • Moving to Sacramento? Top 10 Reasons ...   Where to Live in Sacramento CA:    • Видео   5 Pros & Cons of Living in Sacramento:    • 5 Pros & Cons of Living in Sacramento   Living in Sacramento: Arden Park    • Видео   What does Contingent Mean in Real Estate?    • Real Estate Tips: What does a Conting...   Unexpected Ways to Use Your Real Estate License:    • Unexpected Ways to Use Your Real Esta...   Why You Should NOT Buy a House: 5 Reasons:    • When NOT to Buy a House: 5 KEY Reasons   5 Things EVERYONE Should Do When Buying a House:    • How to Buy a House: TOP 5 Tips   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 real estate agent with Realty One Group in California under DRE #01923240. #loanforbearance #realestate #stimuluspackage