Many homeowners have been affected by the pandemic and some are struggling to make their mortgage payments. There are many resources and programs to assist homeowners in need. Here’s a great resource https://www.consumerfinance.gov/…/mortgage-and-housing…/ Check out this quick video for steps on mortgage forbearance due to coronavirus https://www.youtube.com/watch?v=0UzmTxYmw94 We welcome you to contact us at Counsel...
Author: john (John Rapasky)
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INVESTMENT OPTIONS
The following is a little help to analyze your options. Let’s say you worked hard and saved money over the years. It is sitting in your checking or savings account, and making little or no interest. You’d like to have your money work for you. You are considering investment options, such as stocks, mutual funds...
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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...
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DO YOU OWN A RENTAL PROPERTY?
Do you own rental property? Are you interested in financing a new home or another rental property? How should you factor in the rental income? If you own rental properties, you can include the net rental income for qualification. If you owned the rental for less than a year, and it does not appear on...
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WHY BORROW MONEY AT HIGHER RATES AND COSTS?
Why do many people continue to borrow mortgage loans at higher rates and costs? Because, they do not consult with a mortgage broker. Mortgage brokers work with lenders in the wholesale marketplace and pass on these rates and costs to their customers. Further, mortgage brokers’ compensation is legislated to not exceed 3% of the...
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RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE
Are you in the market to purchase a home, investment or commercial property? Visit the Counsel Mortgage Group website. We provide daily rates and we are happy to discuss lending specific to your needs. We offer a variety of products and services, ask us how we can assist you today. http://counselmortgagegroup.com/todays-rates/ Counsel...
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HOW DO ADJUSTABLE RATE MORTGAGES WORK?
An Adjustable Rate Mortgage (ARM) is typically a mortgage that is fixed for a period of time, and then becomes adjustable. The typical ARMs are 3/1, 5/1, 7/1, and 10/1. The first number represents the time period the rate is fixed. The second number represents how often the rate changes. Example: A 3/1 ARM means...
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ARE YOU WILLING TO TAKE THE PLUNGE?
In spite of low home inventory, many prospective homebuyers are still willing to take the plunge and purchase a new home, or a first home. Interest rates have remained low and homebuyers want to take advantage of current rates even though market prices continue to rise. You may ask yourself if it’s a good...
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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...