It makes since also, but i really need some expert options on the situation who actually invest in real estate for a living.

He still signed and they asked the standard "did anything in your employment status change" and he answered no since the refi will save him $300/month and has plenty in reserves and no issue paying it.I told him once he's cleared to close from underwriting he'd be fine, but I'm also not an expert on this specific situation and he is concerned there may be repercussions about lying. 

How will that not have a major economic impact on assets specifically real estate? 

I'm not an expert by any stretch, but I have learned a ton about VA loans in the past few months.FYI, my VA loan is for a new construction, which is still currently being built.

The economic impact has yet to hit I would think.

For those of us who were introduced to Bigger Pockets through the Podcast being an expert guest is like a dream.

Just a short info I could acquire and I'd like to hear your thoughts on how deep and close to a crash we already are:Wells Fargo & Co WFC.N stop accepting home equity lines of credit given economic uncertainty.For me this seems to start just like it did between 2006 - 2009 housing market.

You do not need to be an expert on the topic and in fact if you are incorrect, you could be held liable for someone else's decision that was based on the information you gave them if they are harmed in some way as a result of that decision.

Long before COVID-19 hit, I told people that asked me about these that when you go through any economic downturn, what’s one of the first things to go?

Rental market $2300-$2500 without a doubt -a downtown expert told me after looking at the comps.