Today’s post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC Credit is the lifeblood of the economy, therefore a substantial tightening in credit conditions could cut the current recovery short. The latest Senior Loan Officer Opinion Survey points to banks tightening credit across all major loan categories. But loans...
Author: john (John Rapasky)
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LENDING ON CONDOMINIUMS
Did you know when you apply for a loan there are actually 2 approvals that take place? The lender reviews the file based on your credit and income, and also reviews the collateral. The collateral must be sufficient in order for a loan to be approved. When the collateral is a condominium, there is increased...
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WHOLESALE LENDER PARTNERS
One of the lenders to whom we broker is United Wholesale Mortgage (“UWM”). UWM announced this week that they are going public later this year. They are one of the largest lenders in the Nation. To get a loan from UWM, you have to apply through a mortgage broker, such as Counsel Mortgage Group, LLC....
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NAR CODE AND ARIZONA LAW-REAL ESTATE LEGAL ISSUES IN-PERSON
Courts often hold all licensees to the highest standard of the Code, whether or not they are members of a REALTOR association. Counsel Mortgage Group, LLC is co-sponsoring this course by MPH School of Real Estate on Thursday, October 1, 2020. The course will help licensees understand the NAR Code and Arizona...
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SMALL BUSINESS ADMINISTRATION
The Small Business Administration offers business loans. The most common loans refer to Sections 504 and 7(a) of the Small Business Act. Are you looking for a small business loan? If you want to purchase commercial real estate or machinery/heavy equipment, the 504 loan is the best choice. What if you are purchasing a business...
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TRENDING
There is a trend in this industry back to mortgage brokerage. We are looking for loan originators. Do you desire to help people? Have you lost deals to brokers because you work in banks or mortgage banks? We broker commercial and residential loans in Arizona, and California. Counsel Mortgage Group is founded by an experienced...
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VA-GUARANTEED MORTGAGE SOLICITATION
Veterans get solicited with mortgage refinancing offers quite a bit. Offers known as Interest Rate Reduction Refinancing Loan (“IRRRL”). Lenders like to make these loans for various reasons, one being minimal underwriting requirements. Veterans should scrutinize these advertisements to make sure the terms offered are true. Recently The Consumer Financial Protection Bureau issued a...
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RESIDENTIAL LOANS
The mortgage brokers at Counsel Mortgage Group, LLC offer a variety of residential financing products. We provide financing for purchases and refinances of homes, condominiums, townhomes and manufactured homes whether they are a primary, secondary or an investment property. If you are looking for a commercial loan, we offer that financing, too. Contact us with...
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HOW BAD IS IT … ?
Today’s post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC. Commercial real estate (CRE) and multifamily loan originations fell almost 48% year-over-year in the second quarter, and 31% vs. Q1-20, the result of a pandemic-related temporary freeze in lending and transaction markets between mid-March through early April, according...
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CONTRACT NEGOTIATIONS: THE GOOD, THE BAD AND THE UGLY – CONTRACT LAW
Counsel Mortgage Group, LLC is co-sponsoring this course by MPH School of Real Estate on Thursday, September 3, 2020. The course will help licensees effectively draft contracts, negotiate contracts, and listing agreements. It will cover the fundamentals of buyer broker agreements and escrow settlement statements and much more. We offer a variety of products and services, ask us...