Today’s post is written by Michael Green, Senior Commercial Loan Originator with Counsel Mortgage Group, LLC. Mike writes monthly on the commercial mortgage market. Check back each month to check his commentary. Part of MSCI’s recent Periodic Capital Trends Report covering 2023 looks at financing sources that are the most active for different CRE types....
Tag: California
Post
JIM MOORE, A VETERAN HELPING VETERANS
I am proud to work with Jim Moore. Jim is a Loan Originator with Counsel Mortgage and has worked with us for about 16 years. Jim served as an Army Ranger in Vietnam. His heart is in helping veterans attain home ownership. Jim helps veterans with their disability claims and puts them in touch with...
Post
WHEN TO LOCK-IN AN INTEREST RATE – PURCHASE TRANSACTION
We often get asked when to lock-in the interest rate after you have entered into a contract to purchase a home. You typically have 30-45 days to close, so you’ll have to lock-in the rate during this time. Hopefully, during the pre-qualification process, you had discussions with your loan originator as to interest rates and...
Post
INTEREST CREDIT
Did you know if you close in the first few days of the month, you may be able to choose when to make your first mortgage payment? This can help if you have a cash flow issue right after closing. When you make a mortgage payment, you pay the prior month’s interest. For example, if...
Post
BANKS EXPECT MORE TIGHTENING FOR CRE LOANS
Today’s post is written by Michael Green, Senior Commercial Loan Originator with Counsel Mortgage Group, LLC. Mike writes monthly on the commercial mortgage market. Check back each month to check his commentary. The Federal Reserve’s Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) regularly checks with banks to better understand their lending landscape....
Post
INTEREST RATES AND VALUES
Each month we send out the Interest Rates and Values email to keep you up-to-date with what is happening in the residential real estate market. We review and analyze mortgage rates and median sales price charts and data to keep you apprised of the trends in the marketplace. Here is the video we sent out...
Post
HOME EQUITY LOANS AND LINES OF CREDIT
You may have a lot of equity in your home and would like to leverage it to make repairs or take cash out for other purposes. But, you have a low rate mortgage and do not want to refinance your home at higher rates. Well, you can keep that low rate mortgage and take the...
Post
RENOVATION AND CONSTRUCTION LOANS
Are you looking to purchase a property, but it needs a bit of work? Or, are you looking to build a home, ground-up construction? Or, do you have an existing home and want to add a room? We can help you find financing for these scenarios. Renovation and construction loans have 2 approvals. One is...
Post
IF WE CAN’T HIT THE TARGET, MAYBE WE SHOULD CHANGE THE TARGET
Today’s blog is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC It’s well-entrenched in market participants’ minds by now that the Federal Reserve’s target rate for inflation is 2%. While that goal is admirable, we are still in a period of “sticky” pricing pressure, making the central bank’s target seemingly difficult...
Post
INTEREST RATES
You may be wondering why your interest rate is different from your friend’s, even though you both locked the rate at the same time. There are many factors that go into determining the interest rate. First is your credit score. The higher the score, the better the rate. Here is a blog we wrote on...