Jerry Koors, president of Merchants Mortgages, told Business Insider that homeowners should take advantage of the near record low rates.
Mortgage brokers are seeing a significant increase in refinancing applications. In fact, Dana Gounaris, vice president and general sales manager of Trident Mortgage Company, said there has been a 218% increase over the same period last year. Jerry Koors, president of Merchants Mortgages, said rates are currently lower than previous lows seen in late 2012 and early 2013, so homeowners should jump at the chance to refinance.
If you become unemployed or furloughed because of the coronavirus, it can negatively affect your refinance application.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PHOTOS: Look inside Tennessee, one of the first states to reopen - Business InsiderTennessee is one of the first states to reopen during the coronavirus pandemic. Here's what life is like in my home state, which had crowded checkout lines at the grocery store even at the height of social distancing. Remove negative people from your life. The people you spend time with influence your attitude, thoughts and success more than you think. As lo g as Ppl wear masks, U should B okay. Getting black Ppl 2 wear them is the 50k $ question.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lunch is no longer free for Googlers working from home, among other highly coveted company perksNow that Google employees are working from home, they will no longer be able to expense food or fitness expenses. No but you can get tax breaks when working from home. Which would probably be more dollar wise than those benefits. Working from home may become the new norm, more time to be with families. But denying food and fitness benifits, that's wrong. Big companies should be the ones paying not small business. Boo fkn hoo
Source: MarketWatch - 🏆 3. / 97 Read more »
Revolut and N26 both announced expansion plans amid the coronavirus pandemic - Business InsiderRevolut and N26 each revealed ambitious growth plans, even as the pandemic dents their revenue and operations, highlighting potential silver linings.
Source: BusinessInsider - 🏆 729. / 51 Read more »