More Mended Nets: Ready to Start Fishing?
There is so much happening. We are a very resilient people. We should be very proud of what we’ve accomplished in such a short period of time.
A few important details:
- If you have a mortgage, your lender is probably offering a period of “Forbearance”. Remember forbearance is not forgiveness. Check with your lender on their terms before committing
- Many tenants will also be given the opportunity to delay payments. Again, check with your landlord.
- Most credit card, automobile lenders, and many personal lenders are offering support. Check with your lenders.
On the real estate side, we are changing the way we show properties in many ways, but the market is continuing, homes are selling, and escrows are closing.
Interest rates were heading to all-time lows prior to the quarantine, and there is every reason they will continue to drop in the next few weeks. Can you believe 30 year fixed rate loans at under 3.0% interest? In early March, we assisted a buyer with a 2.875% fixed rate FHA loan.
We ran ads on two properties this weekend, and have already gotten 20 calls.
Exciting times!
Call or email us first with all your real estate related questions or concerns.
Frank & Susan DiLauro, Broker-Owners, Regency Real Estate Brokers 949-500-6365, Frank@FrankDILauro.com, Instagram FrankandSusan
