Category: Loan Products

PRINCIPAL PAYMENTS ON LOANS

Typically,​ ​when​ ​you​ ​make​ ​a​ ​large​ ​principal​ ​payment​ ​on​ ​your​ ​loan,​ ​the​ ​monthly​ ​payment​ ​remains the​ ​same,​ ​but​ ​the​ ​term​ ​of​ ​the​ ​loan​ ​shortens.​ ​​ ​However,​ ​if​ ​you​ ​wish​ ​to​ ​lower​ ​the​ ​monthly​ ​payment instead​ ​of​ ​shortening​ ​the​ ​term,​ ​ask​ ​the​ ​lender​ ​if​ ​they​ ​allow​ ​a​ ​recast.​ ​​ ​A​ ​recast​ ​is​ ​where​ ​a​ ​large principal​ ​payment​ ​is​ ​made​ ​on​ ​the​ ​loan,​ ​and​ ​the​ ​lender​ ​re-amortizes​ ​the​ ​loan​ ​based​ ​on​ ​the​ ​lower loan​ ​amount​ ​over​ ​the​ ​remaining​ ​period​ ​of​ ​the​ ​loan,​ ​thereby​ ​lowering​ ​the​ ​monthly​ ​payment. Some​ ​servicers​ ​offer​ ​a​ ​recast,​ ​and​ ​some​ ​do​ ​not.​ ​​ ​If​ ​they​ ​do,​ ​they​ ​typically​...

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ALL-IN-ONE LOAN PRODUCTS

ALL-IN-ONE LOAN PRODUCTS

  A very interesting loan product that can help monthly positive cash-flow consumers pay-off their mortgage sooner is the All-In-One. You don’t hear of this product much in the U.S., but similar products have been offered in Western Europe, Canada, New Zealand and Australia. It is called All-In-One because it combines both a home loan and a checking account all in one loan. It is a home loan that works like a checking account. You get an ATM card and can write checks. Each time you receive a paycheck in the account or make any other deposit, it gets applied...

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SPEC HOMES FOR PROFIT

We have  products for builders who are building spec homes for profit. The minimum loan amount is $150,000 with a maximum loan amount of $3 million. For us to review your scenario we need the detailed budget, construction schedule/development phases, and architect drawings. The lender considers the following in the credit decision: ● Borrower characteristics/Total exposure approval (experience in the space, experience in the market) ● Concentration risk in the subdivision (total number of planned units, current phase, % of planned project under construction at one time) ● Local/Demographic data (where is the neighborhood, is it by a large metro,...

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WE HAVE RESOURCES FOR YOU

  Are you considering financing, or refinancing a home loan?   We have an extensive library of information for you on our website.   Click Here https://counselmortgagegroup.com/blog-categories/   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 and Hawaii www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 HI-178927   Copyright © 2022 Counsel Mortgage Group®, LLC.

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INTEREST ONLY JUMBO LOAN PRODUCTS

We offer many jumbo products, including primary residences, second homes, and investment properties, we can offer 5% down jumbo on primary residences. We also have an interest-only jumbo product available. The jumbo rates we are seeing are comparable to conforming rates. In the past when we would encourage borrowers to stay at the conforming loan limit, the rates are now comparable and a higher loan amount may not penalize you in rate. With more products becoming available,  it is in your best interest to work with a mortgage broker who has access to multiple products from different lenders. If you...

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ALOHA HAWAII, WE HAVE AN EXCITING ANNOUNCEMENT!

  We are now licensed and providing services in Hawaii as well as Arizona and California! Contact Counsel Mortgage Group. We can find you the best mortgage product for both residential and commercial loans, at the lowest rate and cost.  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 HI-178927 Copyright © 2021 Counsel Mortgage Group®, LLC.      

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ADVERTISEMENT SATURATION

I witness time and again advertisements on the internet, billboards and radio for. The down payment is typically in the form of a grant that does not need to be paid back. Many people push these loans enticing first time homebuyers to buy a home without any money out of their pocket. While these loans increase sales for the loan officer and real estate agent, are they really in the best interests of the first-time homebuyer?

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WE HELP YOU FIND THE RIGHT LENDING SOURCE

  We provide options and help you find the right lending source for your purchase. Is an SBA loan or a conventional loan the right loan for you? Should you borrow from a bank, investment bank, hedge fund, insurance company or some other funding source? What about cryptocurrency? We have the relationships and knowledge to help you find the right financing for your purposes.  We are mortgage brokers who work for you. If you go to a bank, they can only offer you their product. We have options. Contact us and we can help find the right option for you....

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COUNSEL MORTGAGE GROUP HAS JUMBO LOANS

We know many lenders do not have jumbo loans due to the pandemic. We, have jumbo loans! If you’re not familiar with Jumbo Loans these are loan amounts in excess of  $548,250. If you are purchasing a luxury property and looking for a jumbo loan, please contact us, Counsel Mortgage Group, we can help! Want to know more about jumbo loans products? We offer a variety of products and services, ask us how we can assist you today. Click now https://counselmortgagegroup.com/category/jumbo-loans/ Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 Copyright © 2021 Counsel Mortgage Group®,...

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WE CAN COUNSEL YOU, WE’RE HERE TO HELP

If you are looking for financing to purchase a home, or refinancing options, we can help you. Whether you have perfect credit, a great job, or less than perfect credit and no job due to unprecedented current conditions, we can counsel you to help you access the options. We are mortgage brokers and have access to numerous wholesale lenders. So, we can shop and find the best product that fits your scenario if you cannot yet qualify, we can advise you what to do in order to qualify, and we do this for free; because of the breadth of products...

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