The Mortgage Market Is On The Verge Of COLLAPSE - 4.7 Million Americans CAN'T Pay Their Mortgages

✅Get a free mortgage refinance quote*: https://bit.ly/MortgageRefiCredible *Advertisement from Credible Operations, Inc. NMLS 1681276, not available in all states. Visit https://www.credible.com/a/state-licenses for important information about Credible’s licenses. America is seeing a mortgage crisis in 2020 with millions of mortgages in forbearance. In May, 8.8% of mortgages are in forbearance meaning 4.7 million Americans don't have the means to pay their debt payments. Subscribe To Our Channel: http://bit.ly/M2YouTube 🚨Subscribe to our FREE Finance & Business Newsletter🚨 Financial News You Can Finally Use: http://bit.ly/M2FreeNewsletter Recommended: Investing Your Money: https://www.youtube.com/watch?v=U7tJn4qv8Lk&list=PLKsS_EjCEmdojUw_JdJgLKkyPiGJphcmK Real Estate Investing: https://www.youtube.com/watch?v=4-hnVtPCLms&list=PLKsS_EjCEmdqIuFuM-4soEpS0ybzBTnoh Why Financial Education Is More Important Now Than Ever: https://www.youtube.com/watch?v=0cScikkNXqQ&list=PLKsS_EjCEmdp1Ou6YeukY1refAQY251ef The Mortgage Market Is On The Verge Of Collapse - 4.7 Million Americans CAN'T Pay Their Mortgages 0:25 - What is mortgage forbearance 0:55 - 4.7 million Americans cannot pay their mortgages and are in forbearance 2:06 - People don’t have money to pay their mortgages 2:55 - How the CARES Act affected mortgage forbearances so people could pause government backed mortgages 4:21 - Can you sell your home when you’re in forbearance 5:07 - You will see more loan restructuring 5:35 - Will people be able to pay their mortgages when the forbearance program ends 7:25 - Look at the supply of homes for sale and the demand to buy a home because this will affect home values 9:00 - How the government and the fed are trying to keep real estate values high 9:55 - Why it could be the best time in history to refinance a home 10:40 - Landlord foreclosures can affect the price of real estate What Is The Minority Mindset? We are a financial news & education company. The Minority Mindset has nothing to do with the way you look, your ethnicity, or your skin color. It's the mindset of thinking differently than the majority of people when it comes to your money. #MIH #GetMoneySmart Check out some of our recommended products! Please note: some of the links are from our sponsors, so if you use them, we will get compensated. There's no additional cost to you. ---------- ➤ Fundrise 1) 🏠 Fundrise - Invest in real estate with as little as $500! See the historical returns here: http://bit.ly/InvestFundrise ---------- ➤ CIT Bank 2) 🏦 CIT Bank - Get a much better interest rate on your savings account with no fees. CIT Bank is FDIC Insured and conditions apply: http://bit.ly/CITsavings ---------- ➤ Webull 3) 📈 Webull - Buy & sell stocks, pay $0 in commissions, and get a free stock: http://bit.ly/m2WebullFreeStock ---------- ➤ Credit Cards 4) 💰 Credit cards are great if you know how to use them the right way. Here's a breakdown of our favorite cards: Best cash back credit cards: https://theminoritymindset.com/best-cash-back-credit-card-personal/ Best travel credit cards: https://theminoritymindset.com/travel-credit-card/ Best business credit cards: https://theminoritymindset.com/business-credit-card/ ---------- ➤Credible 5) 💸 Credible* - Get the lowest interest rates possible on your refinance - see how much you can save: Mortgage Refinance: https://bit.ly/MortgageRefiCredible New Mortgage: https://bit.ly/MortgagePurchaseCredible *Advertisement from Credible Operations, Inc. NMLS 1681276, not available in all states. Visit https://www.credible.com/a/state-licenses for important information about Credible’s licenses. ---------- ➤ Policygenius 6) 🛡 Policygenius - make sure your family is protected with life insurance. Policygenius will find you the best deal at no additional cost: http://bit.ly/PolicygeniusLifeYT ---------- ➤ Airbnb 7) 🏘 Airbnb - earn extra income by listing your home: http://bit.ly/M2Airbnb ---------- Twitter: https://www.Twitter.com/MinorityM1ndset Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset See more & read our blog! http://www.TheMinorityMindset.com This Video: https://youtu.be/HrlzuHRYGJQ Channel: https://www.youtube.com/MinorityMindset Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.