Many real estate companies partner with preferred lenders and encourage their agents to provide their clients with the names of these lenders to handle the financing of their purchase. What the buyer does not know is that in some circumstances there is a business agreement between the lender and real estate company creating this preferred status....
Author: john (John Rapasky)
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WHAT DO LENDERS LIKE TO SEE?
Lenders like to see a debt-to-income ratio at or below 43%, but loans have been approved up to 50%. You may have heard of the term debt-to-income when applying for a loan; what does it mean? Debt-to-Income ratio is a comparison of monthly debts to monthly income, this is a major factor for...
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EXPERIENCED MORTGAGE BROKERS
Are you looking for an experienced mortgage broker? When shopping for the best mortgage broker in Arizona, California, Hawaii or Illinois you need to know the history of the company, and their mortgage brokers. At Counsel Mortgage Group, LLC, we have several highly qualified originators in VA, commercial and residential lending. We have closed thousands...
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FREE CREDIT REPORTS
Credit reports are currently free as long as you only make an inquiry weekly. Click the link to the article from the FTC regarding getting a free credit report and credit monitoring during the pandemic. You can get your report at www.annualcreditreport.com, which is authorized by all 3 credit bureaus, i.e. Experian, Transunion, and Equifax. During...
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WHO HAS MONEY TO LEND, AND HOW DO YOU GET IT? WHY BANKS ARE PUCKERED
Today’s post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC. Commercial and multifamily mortgage bankers are expected to close $248 billion of loans backed by income-producing properties in 2020, a 59% decline from 2019’s record volume of $601 billion, the Mortgage Bankers Association (MBA) reported. Total multifamily lending alone,...
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COUNSEL MORTGAGE NAMED ONE OF THE BEST MORTGAGE BROKERS IN PHOENIX
Counsel Mortgage Group was recently nominated as one of the “Top Picks” in the Phoenix area. We are honored to have made the Expertise Best Mortgage Brokers in Phoenix 2020 list. The selection criteria were based on more than 25 variables across five categories. The publication on Expertise.com rates Counsel Mortgage Group as one of 17, out...
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THE PUSH TO REFINANCE
You may have received a phone call, mailer, or email with the promise of low rates and lower payments. Below are some thoughts to consider before you refinance. The most basic analysis is to compare the savings to the costs. For example, if the costs are $2,500 and the savings is $100 per month, then...
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WHAT IS THE BEST REFINANCING OPTION FOR YOU?
There are a variety of options for refinancing mortgage loans. What is best for you? The fact is, not everyone’s situation is the same. At Counsel Mortgage Group we do what is best for you. We have many options for our customers. Ask us about our fixed loan options, we have several. We...
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COUNSEL MORTGAGE GROUP CULTURE
The overriding culture at Counsel Mortgage Group is to help people. Mortgages can be confusing. There are many different options available which can be paralyzing. It’s the guidance through these options and throughout the mortgage process that we specialize in. We are not a turn and burn mortgage company. The manner in which we...
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BUYING, REFINANCING, WHAT’S THE PLAN?
As you can imagine, we get asked more so than ever before, “Is now the right time for buying or refinancing a home?” Refinancing is currently on the forefront of many homeowner’s minds today. If you are a prospective home buyer when should you start planning for your mortgage? The answer is as soon as...