(urr Nyc) Underground Railroad Radio

The 2020 Mortgage Collapse - Why YOU Should Be Concerned! Today, we’re going to be investigating the rumours around the apparent ‘upcoming mortgage collapse’ where many experts are claiming that you simply won’t be able to get a mortgage very soon with banks and mortgage lenders going bankrupt! So firstly, let's start with what we do know: a large amount of mortgages and home loans have been frozen across many Countries… 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 for 2 reasons: even though people suspect that prices might drop, they’re even more afraid of not being able to get a mortgage. 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, even knowing it may drop in value Lenders are being stricter about who they give a loan to due to the risk o