Mortgage Lending and Forbearance Programs During Covid-19

Mortgage Lending and Forbearance Programs During the Covid 19 Crisis

Lending changes due to the Covid 19 Crisis – Join Jacki Tait as she talks with Pam Baker from OnQ Financial about the state of the mortgage market right now.

In this episode,

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Episode 13 Overview:

Jacki starts by talking about the current real estate market.  This episode highlights Flagstaff residential real estate activity between April 3-10, 2020. These statistics come from the Northern Arizona MLS.

Flagstaff Real Estate Market Update:

  • Homes sold – 23
  • New Listings – 35
  • Pending – 9
  • Under contract – 21
  • Taken off market – 8
  • Back on Market – 9
  • Current active listings – 434

After giving market update, Jacki dives into the main topic of this week’s episode:

Mortgage Updates During the Covid-19 Crisis.

Jacki gives a quick overview of where we’re at with changes in the market right now.  She talks about the fact that we’re currently in a health crisis that is causing economic fallout.  But that’s not to be confused or compared to what we went through a decade ago when we went through a housing and economic crisis.  She highlights the differences and talks about where we’re heading as we look to the future and our “new normal.”

This week’s interview with Pamela Baker, OnQ Financial Loan Officer, highlights some of the key things you need to be aware of during the Coronavirus pandemic that we find ourselves in.  We start by highlighting the difference between Mortgage Correspondent Lenders, Brokers, and banks.  Then Pam talks about the current state of mortgage rates.  Finally, we dip into advice about Mortgage Forbearance During Covid-19.  QUICK TIP: These forbearances are not necessarily a good idea to utilize if you don’t ABSOLUTELY need them!  In the full interview posted below, we talk more in-depth on forbearances, as well as highlights different loan programs and the changes we’re seeing with them right now.


Watch the full interview with Pam Baker from OnQ Financial regarding Mortgages during the Covid-19 Crisis:

Pam Baker’s Website – Fill out your mortgage application, find Pam’s contact information, and learn more about current mortgage news.

Contact information for Pam Baker:

Protocol for selling your home during the Covid-19 crisis

The Experience Flagstaff Facebook Group

About Team Three 23 Real Estate Group

Connect with Jacki Tait, Co-Lead Agent for Team Three 23 – 602-904-3454

Connect with Stacey Ehrenreich, Co-Lead Agent for Team Three 23 – 928-606-1051

Connect with Sarah Taylor, REALTOR with Team Three 23 – 928-607-3015

Connect with Art Wilder, REALTOR with Team Three 23 – 928-202-0824

Connect with Mario Banda, REALTOR with Team Three 23 – 928-606-2077

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