Author: john (John Rapasky)

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CRE FINANCE OUTLOOK CONTINUES TO BRIGHTEN

    Last month we reported that the CRE financing market was looking up. This month we note that the trend continues. In a prepared statement April 28 following last month’s FOMC meeting the Fed announced that … “ Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened. …...

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IS IT STILL A GOOD TIME TO BUY OR REFINANCE A HOME?

“Is now a good time for buying or refinancing a home?”, continues to be one of the most frequently asked questions we hear. When should you start planning for your mortgage? The answer is as soon as you think you will be buying or refinancing a home. Mortgage planning includes analyzing your credit and income...

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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...

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REMINDER: IT’S NOT TOO LATE

  Come run, or walk, in the Scottsdale Area Association of REALTORS® Tiki Fun Run. The run is to benefit the SAAR Member Relief Fund. There are 100 spots in the race! Don’t miss this opportunity of fun for a great cause!   Want to know more?  https://bit.ly/3sg4SlN   We offer a variety of products...

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THE SEEDS SOWN TODAY BLOOM TOMORROW

Counsel Mortgage was a table sponsor for the Scottsdale Boys & Girls Celebrate Youth Gala recently. We are proud to be a table sponsor for the Scottsdale Boys & Girls clubs and support their mission to enable all young people, especially those who need us most, to reach their full potential as productive, caring, responsible...

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KEEP IN MIND

Are you looking to finance a second or vacation home? Here are some things to keep in mind: You need a minimum of 10% down payment, it is better if you can put 20% down as you can avoid mortgage insurance. The location of the home needs to make sense. There is not a rule...

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ALWAYS OBTAIN A PAYOFF STATEMENT

  Before paying off your mortgage loan make sure you obtain the payoff statement.  The lender can provide a payoff statement and the final amount to be paid to release their lien. Then you can know the principal balance, interest up to the date of closing, penalties (if any), and other charges the lender may...

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CLOSING DISCLOSURE QUESTIONS, CONTACT US, WE CAN HELP

The Closing Disclosure (“CD”) is the latest version of the costs and prepaid expenses on the loan. The CD also contains the loan amount, interest rate, monthly payment, and amount due at closing. The numbers on the CD are intended to be the final figures for closing. The CD must be acknowledged (typically by email)...

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NO MATTER NEAR, OR FAR

Signing the loan documents at closing does not necessitate you being available in person. Maybe you had prior engagements that cannot be cancelled, or you’ll be out of town, you can designate someone to sign on your behalf. A power of attorney is a document that allows you to appoint someone to sign the paperwork...