Call Me Stormy

Finding righteous currents in turbulent times

The 2020 Mortgage Collapse

Rumors are swirling that many experts are claiming that you simply won’t be able to get a mortgage very soon because banks and mortgage lenders will go bankrupt. Many mortgage companies have huge delays on processing mortgages, with some lenders backed up for months. But on the flip side, many house sales with valuations are going through at rapid speeds. Even though people suspect that prices might drop, they’re more afraid of not being able to get a mortgage. And, because they know they might lose their job, they’re taking the lesser of two evils by locking in a low interest rate and getting a house now rather than later, knowing it may drop in value. Business and property investment expert Neil McCoy-Ward gives us more in the following video.

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