Problems in the hotel, retail and lodging sectors are pushing the commercial mortgage delinquency rate up. “November did see small increases in newly delinquent retail, lodging and office loans, but at levels far below what was seen at the outset of the pandemic,” Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research, said in...
Author: john (John Rapasky)
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WE APPRECIATE YOUR BUSINESS
We are always grateful for client reviews, and strive to provide excellence in service. “We cannot say enough good things about John and Counsel Mortgage. I was so anxious about this experience, and he could not have made it easier or more seamless. I urge everyone to consider using Counsel Mortgage-we even closed almost a...
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IS THIS A TYPO?
Wait! Did I read that right? You meant to say 3%, not 2%, right? I mean, I talk to my friends and they’re telling me they are getting rates under 3%. So this is a typo, isn’t it? Well, there are a few lenders out there that are advertising rates under 2% on...
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WHY IS MY LOAN APPROVAL TAKING SO LONG?
Why is there a difference in the amount of time it takes to get an approval for a refinance vs purchase loan? There is currently a high volume of refinances. Some take time to get through underwriting process. Purchase loans get through pretty quickly. A preference given to purchase loans in underwriting. Time frames for...
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HAPPY HOLIDAYS
Wishing you, and yours, a very happy and safe holiday season. From all of us, at Counsel Mortgage Group, LLC. We offer a variety of products and services, ask us how we can assist you today: Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 Copyright © 2020 Counsel Mortgage...
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LOW RATES ARE HERE
Are you in the market to purchase a home? Maybe you’re in the preliminary stages and looking at home listings online. Have you found a few homes you are interested in but you are not sure where to begin? A good place to start is knowing the current rates. We post the rates daily...
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SHOCK ELIMINATION
A homeowner should read their monthly mortgage statement, and make their payments on time. The statement will provide information to keep you up-to-date on the payment schedule and amount; eliminate being shocked or awed. Isn’t the payment amount the same monthly? No, not necessarily. Why do monthly mortgage payments change? It could be...
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2021 FHA MARICOPA COUNTY LOAN LIMIT
The FHA loan limit in Maricopa County for 2021 increased from $331,760 to $356,362. That is a 7.4% increase. Meaning, if you have a lower credit score, you can now qualify for a higher priced home. We are taking applications at the new FHA loan limit. Contact us and we can help. We offer a...
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WE HELP YOU FIND THE RIGHT LOAN
We help you find the right loan by asking simple yet informative questions. When looking to purchase a home there are many factors which determine the type of loan. For example, do you have little down payment? Do you have less than perfect credit? Our experienced loan originators ask simple and straight forward...
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CONSIDERING REFINANCING?
Many factors should be considered when deciding if refinancing is the best choice for your needs. We can help you. We’ll ask simplified questions to get you on the right path. We have helped hundreds of families refinance loans over the years. We analyze the current rates and evaluate whether refinancing is right for you...