If you missed out on buying a decent sized house for cheap during the 2008 financial crisis, you’ll get another chance soon enough.
Requests to delay payments rose 1,270% from 3/2 to 3/16, and another 1,896% from 3/16 to 3/30.
Retain employment and raise cash for a 20% downpayment.
Mortgage forbearance surges amid coronavirus pandemic
The Mortgage Bankers Association said Tuesday mortgage forbearance requests surged amid signing of a coronavirus relief bill last month, allowing many people to delay at least 90 days of monthly payments.