Author: john (John Rapasky)

Post

WAYS TO HOLD TITLE TO REAL ESTATE IN ARIZONA

Here is an excellent article on how to take title to real estate in Arizona. This blog appears on the Professional Escrow Resources website, www.docprepper.com. Thanks to Shari Nestor of Professional Escrow Resources for her permission to allow us to repost. Ways to Hold Title to Real Estate in Arizona – Professional Escrow Resources https://docprepper.com/ways-to-hold-title-to-real-estate…/...

Post

PRODUCTS FOR BUILDERS

We have a product 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 review, 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...

Post

THINK TWICE BEFORE COMMITTING FRAUD

DO NOT COMMIT FRAUD. When you are purchasing an investment property, apply for an investment property loan. Do not purchase an investment property and apply for a second home loan for the sole purpose of getting a lower interest rate. To do this would be mortgage fraud.   Here are a few examples of how...

Post

WE ARE TAKING APPLICATIONS

  We are now taking applications at the higher conforming loan limit. The conforming loan limit for 2021 has increased from $510,400 to $548,250.  That is a substantial increase of $37,850, meaning, you can get the lower conforming rates up to a higher amount. Contact us and we can help.   We offer a variety...

Post

FOUR ADVANTAGES OF USING A COMMERCIAL MORTGAGE BROKER

There are many benefits to using a mortgage broker for both commercial and residential loans. Mortgage brokers have greater sources and access to wholesale rates and costs. Here’s a great article on commercial lending: https://marshallcf.com/how-to-get-the-best-possible-loan…/ Contact Counsel Mortgage. We have many originators who specialize in both commercial and residentials loans. We offer a variety of...

Post

COUNSEL MORTGAGE GROUP IS INVESTED

We are invested in making sure your experience with Counsel Mortgage Group is nothing less than excellent.  We broker both commercial and residential loans.  We are dedicated to getting the lowest rate and working through the closing process seamlessly. Counsel Mortgage Group brokers loans in both Arizona and California.  We offer a variety of products...

Post

HOMEOWNERSHIP, HOW DO I GET STARTED?

Are you contemplating homeownership? Are you wondering how to begin the process? Here 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...

Post

LOSS MITIGATION

What is loss mitigation? Loss mitigation refers to the mortgage servicers responsibility to the borrower and helping the borrower avoid foreclosure. There are many options for borrowers who may be struggling to make loan payments. Forbearance is not the only option, and may not be a solution long-term.   Here’s a link providing options in...

Post

CONTACT US, WE CAN HELP

Do you have questions about refinancing? We provide counsel to help you find the right mortgage. We are a mortgage broker, and search wholesale lenders to find the best rate and costs. We broker in both Arizona and California. Contact us, we can help! We offer a variety of products and services, ask us how...

Post

TWO APPROVALS, PLUS COLLATERAL

Two approvals take place when you apply for a loan.  Lenders review both your credit and income, and the collateral. The collateral must be sufficient for the loan to be approved.  What if the collateral is a condominium? When the collateral is a condominium, there is increased scrutiny by the lender. This is due to...