Thread regarding Ford layoffs

Sharing Knowledge—With low mortgage rates, many are contemplating refinancing—Surprise, surprise–with COVID-19, layoffs, etc...banks are looking to get 'employment verification' at closing like the 'week of closing/not your last months or last weeks pay stub'. If you don't have a job and are not collecting a pension (even though you may have a pension), you will not be able to refinance to a lower rate. If considering refinancing; do it as soon as you can, while you still have a job– just in case Ford employment longevity may not be in your short term future. Hope that is not the case–but better not to wait until that surprising ball falls on your toes. Time to consult a good financial adviser.
Stay well!