In a recently published article for Sweet Startups, David Stanger explains the impact that Coronavirus is having on interest rates for home buyers. He explains that based on the current crisis, the Federal Reserve Bank has cut interest rates to 0 in an effort to ease constraints on banks and home buyers.
In 2010, David Stanger founded Westmarq Real Estate Group and currently acts as the company’s VP. He holds a Bachelor of Talmudic Law degree from Beth Medrash Govoha and a degree in Real Estate Finance and Investment from NYU SCPS.
In the past, trying to sell a property while still owing a hefty portion of the mortgage was unnecessarily difficult. The reason why is that no lender would accept less than what rightfully belongs to them.