2nd quarter benefits after the COVID mortgage moratorium is scheduled to expire is what Dwan highlights in this episode. First, Dwan explains loan forbearance vs loan modification. Next, she breaks down what happens when payments must be made again, when too many houses are on the market and how the snowball effect works. Furthermore, Dwan shares what happened in 2008 and 2009 and makes a prediction on what will happen once the moratorium is lifted. In closing, Dwan issues an equity of life challenge and shares how to receive four free gifts. Thank you for listening! Don’t forget to opt in at Dwanderful.com and leave a five star review for the chance to be featured on the next episode of The Most Dwanderful Podcast Ever!
Listener Spotlight:
A special thank you to Anthony Rigsby for tuning on on iTunes and leaving the following five star review: Love this podcast! Love listening to this podcast! So informative and helpful when it comes to finances. This has really helped me become more confident in my finances at this stage of life.
Time Stamps:
1:02 Dwan asks who does not make the money that they feel like they are worth. 1:18 Dwan shares how she can relate. 1:56 Dwan invites you to stick around until the end for four free gifts. 2:09 Dwan introduces herself and shares her motto: people before profits. 2:36 Dwan kicks of Drinks with Dwan with a toast to lemon water. 5:06 Dwan invites you to leave a five star review for the chance to be featured, 5:26 Dwan spotlights a five star review from Anthony. 7:32 Dwan shares about some of her friends that are doing a TED talk. 8:33 Dwan emphasizes that not listening to her podcasts could cause you to make mistakes and lose money. 9:20 Dwan invites you to share if there is someone you’d like to hear her interview. 12:20 Dwan shares about organizing her phone. 15:51 Dwan introduces today’s topic: second quarter benefits. 17:15 Dwan talks about the current situation with the mortgage moratorium. 17:50 Dwan explains forbearance agreements vs. loan modifications. 21:25 Dwan explains what will happen when mortgage payments must be made again. 21:45 Dwan explains what happens when too many houses are on the market. 23:00 Dwan demonstrates how the snowball effect begins to happen.
