Counsel Mortgage Group®, LLC Licensed in Arizona, California, Hawaii and Illinois www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 HI-178927 IL MB.6761723 Copyright © 2022 Counsel Mortgage Group®, LLC.
Author: john (John Rapasky)
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SHOULD I BUY A HOME NOW OR WAIT?
This is a tough question I get asked all the time, whether it is in this market, the market 6 months ago, or 15 years ago during the Great Recession. The question remains the same. Should I buy a home now or wait?
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ANOTHER LENDER TO WHOM WE CAN BROKER – 11 MORTGAGE
One of the advantages of being a mortgage broker is that we have the ability to shop many different lenders to find the right loan with the lowest rate and costs for your scenario. 11 Mortgage is another lender who offers conventional, VA, and FHA loans. They have competitive rates, great technology and support. There are many factors we consider when choosing a lender. A lender that offers great support, and is responsive, is critical when it comes to working with someone to close your loan on time. Contact us and we can help you.
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HOW CAN GIFTS BE USED TOWARDS THE PURCHASE OF A HOME?
How can gifts be used towards the purchase of a home? There are a few different ways. A gift must be made by a relative. A gift letter will need to be executed by both the donor and donee stating their relationship, the amount and date of the gift, from what account the gift...
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ANOTHER LENDER TO WHOM WE CAN BROKER – TOWNE MORTGAGE
As a mortgage broker, we can broker to many different lenders. Here we feature Towne Mortgage. Towne is a customer/family friendly lender. They offer competitive rates for conventional, renovation, and government loans, and will do manual underwriting. What is a manual underwrite and why is it important? You may not know, but most loans are sold to Fannie Mae and Freddie Mac, who have their own automated underwriting systems which loans are uploaded into and run. Their automated systems will let you know if the loan is approved or denied, and will give the underwriter guidance as to what documentation will be needed to get the loan final approved. In some instances, the automated underwriting system will not approve the loan. In these cases, a lender may manually underwrite the file to see if they can still approve the loan. Thus, you have 2 bites at the apple. Towne offers this service. This is another reason to work with a mortgage broker, because, if not for the broker, you may not have known this is even an issue, and that this option is available. Work with us, we are the mortgage counselors.
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INTEREST RATES UP, ECONOMY DOWN – WHAT TO DO?
The current best indicator of future Fed action is labor market data – Chairman Powell has made that abundantly clear since beginning his war on inflation last May. To that point, the cost of labor in Q3-22 eased at least incrementally, with the Employment Cost Index rising 1.2% over the three months ending September 30....
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WE ARE HONORED TO SERVE YOU
Counsel Mortgage Group®, LLC, is proud to announce this month marks our 15 year anniversary as both a residential and commercial mortgage brokerage. Counsel Mortgage opened its doors during the depths of the mortgage crisis of 2007 in an effort to offer professional services at competitive rates and costs to meet the needs of homeowners...
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COUNSEL MORTGAGE GROUP RESOURCE LIBRARY
The Counsel Mortgage Group has an extensive resource library where you may find answers to many of your mortgage, financing, and lending questions. Our website provides content pertaining to current rates, blog articles containing tips for homebuyers, residential and commercial loans, reverse mortgages, and various loan products. We feel an educated customer is the...
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VETERANS HELPING VETERANS
Today we are proud to feature Jim Moore. Jim is a Vietnam Veteran, Army Ranger, who is in his 14th year with Counsel Mortgage. He is a Certified Veteran Lending Specialist and a Certified Credit Counselor. He pioneered Vet Your Credit, which is a program to put veterans on the path to homeownership. He works...
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WHAT DOES IT MEAN TO BE A MORTGAGE BROKER?
Being a mortgage broker means you shop lenders to find the best product for your customer. I recently attended a mortgage conference in Las Vegas where there were many different lenders showcasing their products. We talked to many lenders and took videos of those conversations...