Category: Buying A Home

TEMPORARY BUYDOWNS V PERMANENT BUYDOWNS

  With higher interest rates, we’re getting questions regarding “buying down” the rate. Some people want to do a 2-1 buydown. What is this? How does this work? Is this the same as permanently buying down the rate for the life of the loan? A 2-1 buydown is an example of a temporary buydown. In a 2-1 buydown, the interest rate is 2% lower in the first year, and 1% lower in the second year. If today’s rate is 7%, then the first year the rate would be 5%, and the second year the rate would be 6%. The lender,...

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SHOULD I BUY A HOME NOW OR WAIT?

  This is a tough question I get asked all the time, whether it is in this market, the market 6 months ago, or 15 years ago during the Great Recession.  The question remains the same.  Should I buy a home now or wait?

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BECOMING A HOMEOWNER IS EXCITING

  Becoming a new homeowner is both exciting, and somewhat confusing, when buying into an HOA. Some new members of an HOA may be under the impression the assessment payment is built into the mortgage payment. Assessments should be paid to the HOA, and mortgage payments are paid directly to the mortgage servicer.   If you would like to know more about buying into an HOA   We offer a variety of products and services, ask us how we can assist you today. We work for you, not the lender. Counsel Mortgage Group®, LLC Licensed in Arizona, California, Hawaii and...

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STEPS TO GET STARTED

Are you considering homeownership? Are you wondering how to begin the process? Here are some steps to get started: • First and foremost, check your credit. It’s best to know your score in advance to get a good loan. Student loans, car loans, and credit cards are all items that are considered in determining your credit score, make sure you pay these each month when they become due (for credit cards, maintain a balance no higher than 30% of the credit limit, this will help your credit score). • Save for a down payment: There are many loan products out...

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GET READY FOR THE MOST COMPETITIVE SPRING HOME BUYING SEASON SINCE THE GREAT RECESSION

Here is an article which describes what is happening in today’s housing market. It provides further evidence as to why it is important to work with a mortgage broker. We can issue pre-qualifications and pre-approvals to get you in the best position to make an offer. Also, we shop wholesale lenders to provide you with the best rates and costs. Contact us and we can help. Important info here: https://on.mktw.net/2pyZbC7 We offer a variety of products and services, ask us how we can assist you today: Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873...

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