Delinquency rates of mortgages backed by commercial and multifamily properties have broadly improved in recent months, the Mortgage Bankers Association (MBA) reported this week. “Performance is still property-type dependent, with the properties that saw the most immediate and dramatic impacts from the pandemic – lodging and retail – still experiencing considerably more stress than others,...
Author: john (John Rapasky)
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WHAT IS THE “FIRST TIME HOMEBUYER PANDEMIC SAVINGS ACT”?
Are you familiar with the First Time Homebuyer Pandemic Savings Act? Want to know more about the legislation and what it could mean for first time homebuyers? If you have questions regarding the First Time Homebuyer Pandemic Savings Act contact us. We offer a variety of products and services, ask us how we...
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WHAT’S REALLY HAPPENING WITH MORTGAGE RATES?
Earlier this week there were reports of rates exceeding 3.0%. Some reports stated rates had barely risen but were still under 3.0%. Check out this article pertaining to 30 yr fixed rates http://www.mortgagenewsdaily.com/consumer_rates/986613.aspx Do you have questions about mortgage rates? Contact us at Counsel Mortgage Group. We’re happy to discuss mortgage rates...
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NO MONEY DOWN LOANS INTEREST RATES
Many lenders will try to sell you no money down loans, or down payment assistance loans, but it is likely that these loans will have higher interest rates and more costs. If you can come up with a down payment, in some instances as little as 1% of the sales price, you may be able...
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HOUSING COUNSELORS BASED ON ZIP CODE
Did you know there are housing counselors available to assist you, nationwide, based on zip code? Housing counselors are a great resource for advice and guidance for homeowners, home buyers, renting, credit concerns etc. Click link to locate a counselor in your area https://www.consumerfinance.gov/find-a-housing-counselor/?zipcode Counsel Mortgage Group is also happy to...
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AGE QUALIFICATIONS FOR A MORTGAGE LOAN
Any adult, pursuant to that state’s laws, can apply for a for a mortgage loan. According to Fannie Mae, “borrowers who are natural persons and have reached the age at which the mortgage note can be enforced in the jurisdiction where the property is located” can apply; there is no maximum age limit for a...
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COUNSEL MORTGAGE GROUP IS INVESTED IN OFFERING EXCELLENCE
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, California and Hawaii. We offer a variety of...
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CRE MORTGAGE DELINQUENCIES CONTINUE DECLINE
Mortgage delinquency rates, which have been a bellwether of distress in the CRE sector during the pandemic, are continuing to improve. One area of concern, however, is that elevated levels of delinquencies in the lodging and retail sectors are expected to linger as troubled loans slowly work toward resolutions, with some defaults expected. There...
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RCRMS: LEASING ESSENTIALS
Counsel Mortgage Group, LLC will be co-sponsoring Leasing Essentials on September 10, 2021 from 8:45 AM – 4:00 PM. The course offers 3 Contract Law, 3 Legal Issues and GRI Designation credits. Come learn to master the essential elements of real estate leasing, including landlord/tenant laws, property management and a broker’s responsibility in this...
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GRADUATES FINANCING HOME LOANS
Are you a soon to be college graduate considering financing a home loan? Student loan payments were deferred during the onset of the pandemic and you may not have had a monthly payment. Nonetheless, lenders will calculate a payment to qualify you for the loan, when applying.