Tag: Finance

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COUNSEL MORTGAGE CLOSES $3.8 MILLION LOAN TO CONSTRUCT RETAIL CENTER

    It’s not for everyone, we admit.  But for those astute enough, aggressive enough, and pre-disposed to the commensurate high rewards, the effort is worthwhile. Case in point: We recently closed a $3.8m loan for an investor/developer to construct a retail center in the west valley. (A construction loan in this economy?  And a...

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CONTINUING ON THE ROAD TO WHERE?

Nothing new to see here! As widely predicted, this afternoon the Fed raised the fed funds rate another quarter of a point, now to a range of 4.5 – 4.75%. This will take the prime rate tomorrow to 7.75%. Perhaps as importantly, this puts the Fed within ½ to ¾ % of what is widely...

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CAN YOU QUALIFY FOR A MORTGAGE LOAN WITH A FIXED INCOME?

    The answer is Yes! Do you receive social security income, disability income, pension, annuity, or some other type of fixed income payment? Do you have money saved, but are currently not receiving any income? We have closed many loans where a monthly draw was setup out of a retirement account to demonstrate income...

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COUNSEL MORTGAGE GROUP HAS CREATIVE FINANCING SOLUTIONS

Are you in the market to finance a home loan? Are you feeling deterred by current resale market prices?   Counsel Mortgage Group has creative financing solutions. Have you considered a land or construction loan as an alternative? Contact us, we’re happy to explain how these loans work.   We work for you, not the...

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WHO CALLS THE SHOTS?

The first rule told to me when I started in the mortgage business was, “He who has the gold, makes the rules.” It is very true.   It means, if you are looking for money from someone else to help you finance a property, you have to follow their rules to get the money. If they are...

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SO MUCH NEWS, BUT SO LITTLE CHANGES

  We’ve endured the endless bombarding of “up-to-the–minute” news, “news-alerts”, and “this just in” for what seems like, dare I say, forever! And this doesn’t even include the onslaughts to those of you who stay glued to your hand-held devices for the never-ending tweets and hashtags. And the hot topics of the days gone by...