WELL
WELL AS
WELL AS WE ALL KNOW THESE ARE VERY CRAZY TIMES 4@FOR 4@A NUMB OF INDUSTRIES INCLUDING THE
HOUSING MARKET 4@WANT TO SAY
HELLO TO BOTH KEVIN AND ONE
THAT YOU GUYS ARE EXPERTS KEVIN
YOU'RE THE MORTGAGE BY LYNNETTE
YOU'RE THE REAL ESTATE. FIRST
OF ALL HOW HOW DOES THIS CRISIS
YOU'RE THE MORTGAGE BY LYNNETTE YOU'RE THE REAL ESTATE. FIRST OF ALL HOW HOW DOES THIS CRISIS@
DIFFER FROM WHAT WE KIND OF
WENT THROUGH BACK IN 2008 AND
2009 THAT'S A GOOD KEVIN
QUESTION 4@ABOUT 20 20 YEARS 20
YEARS IN THE MORTGAGE BUSINESS @
SO MADE IT THROUGH EIGHT NINE
TEN AND I THINK WHAT'S
DIFFERENT ABOUT THIS IS THAT
THE ECONOMY WAS 4@SO 4@STRONG
COMING INTO THIS HOUSE
FLEETWOOD SO STRONG COMING INTO
THIS 4@YOU JUST HAD SO4@ MANY G
THINGS I MEAN STORIES OF 60
OFFERS HOMES MULTIPLE OFFER
SITUATIONS. I MEAN IT WAS
REALLY UNPRECEDENTED THE
VELOCITY AND SPEED OF WHICH
THINGS STOP IS REALLY AMAZING 4@
REALLY THINK IT'S GOING TO COME
BACK. I THINK HOUSING IS GOING
TO BE ONE OF THE FIRST LEADERS
THAT BRING US OUT OF THIS. AS
THINGS SETTLE DOWN PRETTY WELL
THE OTHER THING TOO IS AS WE
KNOW WE TAKE A LOOK AT US.
WE'RE ALL A 4@LOT OF PEOPLE ARE
WORKING FROM HOME. THIS IS OUR
NEW NORMAL. THIS IS OUR NEW
OFFICE. LET'S NOT TALK ABOUT 4@
YOU BECAUSE I WANT TO GIVE
PEOPLE AN OPPORTUNITY TO REALLY
KIND OF THINK ABOUT 4@WHAT I WA
SPENDING S4@O MUCH TIME HERE AN
LIKLEY? IS THIS REALLY WHERE I
WANT TO STAY WHERE I WANT TO
LOVE IT. DO I WANT IT LISTED.
DO YOU THINK IT'S GOING TO HELP
IN THAT REGARD. I DO THINK THAT
PEOPLE ARE HAVING A LOT 4@OF TI
AT HOME AND REALLY BEING ABLE
TO LOOK AROUND AND ASSESS THEIR
SITUATION AND ESPECIALLY IF
THEY'RE HAVING TO WORK FROM 4@
HOME IF THEIR HOME OFFICE SPACE
IS IDEAL AND SO YEAH AND I
THINK I 4@HAVE A LOT OF CLIENTS
RIGHT NOW WHO ARE TAKING THIS
TIME TO WORK ON HOME PROJECTS
AND UPDATES AND RENOVATIONS TO
GET THEIR HOME READY 4@LIST ON
THIS DUST SETTLE. SO WHAT PIECE
OF ADVICE YOU BOTH HAVE IF
SOMEONE WAS THINKING ABOUT A
REAL ESTATE TRANSACTION MAYBE
RIGHT BEFORE THIS ALL HAPPENED @
IS YOUR ADVICE THAT MAYBE WAIT
TILL WE COME OUT ON THE OTHER
END OR CAN WE STILL GO THROUGH
THIS PROCESS NOW. I'M BOTH 4@
WHETHER IT'S TRYING TO APPLY
FOR A MORTGAGE WHICH I WOULD
THINK KEVIN 4@MORTGAGE RATES I
MUST IMAGINE ARE VERY LOW RIGHT
NOW ATE AT OR NEAR HISTORIC
LOWS GOING TO ALSO 4@FIRST TIME
EVER MY CAREER HAD BEEN SO SURE
THAT WE'RE GOING TO 4@SEE RATES
LOW FOR AN EXTENDED PERIOD OF
TIME AS THE ECONOMY RECOVERS 4@
LOT OF TIME THE BIG VOLATILITY
IN INTEREST RATES AND DIFFERENT
TIMES YOU HAVE 4@TO ACTIVELY LO
WE'RE GOING TO SEE INTEREST
RATES REMAINING OPRAH EXTENDED
PERIOD TIME WHICH IS REALLY
GREAT FOR HOMEOWNERS AS WE COME
OUT OF THIS THAT'S A LOT NOT
WHAT YOU WOULD DO IS NOW 4@RIGH
NOW THAT THE TIME TO EITHER BUY
A HOUSE OR SELL ONEHOUR SHOULD
THEY WAIT YOU KNOW IT REALLY IS
JUST AN INDIVIDUAL ON AN
INDIVIDUAL BASIS. 4@THAT'S WHY
IT'S A GOOD IDEA TO HAVE A
CONVERSATION WITH THE REAL
ESTATE AGENT FIND OUT WHAT'S
BEST FOR YOU BECAUSE WE ARE
STILL SEEING HOMES BEING LISTED
EVERY DAY AND BEING SOLD EVERY
DAY. THAT LOOKS A LITTLE BIT
DIFFERENT RIGHT NOW. A LOT 4@OF
VIRTUAL SHOWINGS WE'RE ABLE TO
DO 4@ZOOM LIVES ZOOM WALK THROU
IS WITH THE BUYERS THE BUYERS
AGENTS AND MYSELF AS LONG AS
THE PROPERTY IS VACANT 4@JUST A
LOT OF PRECAUTIONS. BUT WE CAN
STILL 4@CLOSE VIRTUALLY TITLE
COMPANY. AND HERE'S OUR STILL
CONSIDERED 4@ESSENTIAL SO IT'S
STILL HAPPENING BUT IT REALLY
IS A CASE BY CASE BASIS 4@ABOUT
CONSIDERED 4@ESSENTIAL SO IT'S STILL HAPPENING BUT IT REALLY IS A CASE BY CASE BASIS 4@ABOUT@
WHERE THINGS WERE 30 DAYS AGO 4@
PUT YOURSELF IN THE MINDSET OF
WHERE THINGS ARE HOPEFULLY 4@AT
60 90 AND 120 DAYS DOWN THE
ROAD WE TALK ABOUT 4@HOW SOME A
GOING TO LIVE IN FOR SO MANY
YEARS TO HAVE A LONGER TERM
THINKING INSTEAD OF JUST WHAT'S
HAPPENING RIGHT NOW IT'S
CRITICAL. AND THAT'S WHY I'M
RECOMMENDING 4@MY CLIENTS. AND
WHAT ABOUT REFINANCING 4@NOW.
REFINANCING IS A GREAT TIME TO
TAKE A LOOK AT THINGS.
ADVANTAGE REFINANCING IS THAT
YOU CAN OBVIOUSLY 4@GET A LOW
INTEREST RATE. SOME OF THE
LOWEST EVE4@R IN HISTORY. MANY
TIMES ABLE TO SKIP A MORTGAGE
PAYMENT A HOMEOWNER CAN EVEN
GET A REFUND 4@BACK IN YOUR
CURRENT ESCROW ACCOUNTS. THAT
KIND OF HELPS AS MAYBE 4@A LITT
UNCERTAINTY IN THE ECONOMY
RIGHT NOW. BUT YOU BOTH BOTH
KIND OF BELIEVE THAT WE'RE ALL @
GOING TO GET THROUGH THIS AND
THAT'S A REAL ESTATE REAL
ESTATE. WE'LL BE WE'LL BE OK.
ON THE OTHER END 4@THINK REAL
ESTATE IS GOING TO BE A FRONT
RUNNER AND I THINK IT COULD BE
AN EARLY INDICATOR OF THE
ECONOMY TURNING AROUND. ALL
RIGHT. WELL THANK YOU BO4@TH.
WE'VE