I am honored to be speaking on real estate finance at the State Bar of Arizona CLE by the Sea conference July 9-11 at the Hotel del Coronado in California. I will be discussing residential and commercial real estate finance. If you would like to learn more about it, or attend, click here: https://www.azbar.org/for-lawyers/cle/cle-by-the-sea/ Hope...
Lenders look at your net income, not your total revenues, for qualification. But, there are other ways to get qualified. There are loans where lenders will look at your bank statements and use a percentage of deposits as income. Many lenders require 2 years self-employment, but there are some lenders who only require 1 year....
Gifts are allowed for down payment on conforming and government loans. They are allowed for primary residence purchases, and must come from a family member. Fiancés are qualified donors. Gifts are not allowed on investment properties. With competition heating up for first time homebuyers, we are seeing gifts for down payment so they can present...
As mortgage brokers, we counsel you to the right product. We work hard by shopping banks, mortgage banks, investors, and insurance companies, to find the best deal for your residential or commercial purchase. We have been doing this for over 15 years, and have helped thousands of people with their decisions. Are you looking to...
Many people are struggling to figure out the best way to draw funds from the increased equity in their home. If they refinanced a year or two ago, they do not want to lose their low interest rate. So, many are choosing to obtain a home equity line of credit (known as a heloc). However,...
As a mortgage broker, we can broker to many different lenders. Here we feature Pennymac TPO. We have brokered conventional and government loans to them. They have a great process and support. These are important considerations when choosing a lender. We are in the people business, and it is important to have a support team...
Counsel Mortgage Group, LLC is a mortgage brokerage with the sole purpose of finding the right loan for you. We broker loans to wholesale lenders and pass on their rates and costs to you. If you or someone you know is in the market looking for a loan, give us a call and let us...
If you have a lot of equity in your home, and want to purchase a new home before selling your current home, you may want to consider a bridge loan. A bridge loan allows you to leverage the equity in your current home to make a down payment on the new home, without selling...
You may hear many mortgage bankers advertise they have in-house underwriting and fund their own loans which gives them an advantage in getting your loan approved and funded. FAKE NEWS. Bankers promote these services as something special, but, it is not special to have your loan underwritten and funded on time. This should be...
Are you looking to invest in a primary, secondary or vacation home in Arizona, California, Hawaii or Illinois? We are licensed and broker loans in these states. Why is it beneficial to work with a mortgage broker licensed in multiple states? Example: We can help you refinance and take cash out of your Illinois home...