The SBA is the Small Business Administration and offers business loans. The most common types refer to Sections 504 and 7(a) of the Small Business Act. If you’re looking for a small business loan to purchase commercial real estate or heavy machinery/equipment, then the 504 loan is the best choice. If you are purchasing a...
Author: john (John Rapasky)
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IS NOW THE RIGHT TIME TO REFINANCE OR SHOULD I WAIT?
Refinancing, is now the right time? Well, in short, it really depends on your situation. Each individual’s scenario is different. Not withstanding COVID 19 now may be a great time to refinance. Contact Counsel Mortgage Group and we can counsel you through this decision. We offer a variety of products and services,...
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HAS JUMBO LOAN MONEY DRIED UP?
Did you recently hear jumbo loans are no longer available and those monies have dried up? Is this factual? No, not necessarily. There are many lenders still lending jumbo money. What is a jumbo loan you might wonder. A jumbo loan is any loan in excess of $510,400.00. Contact us about creative financing, jumbo loans...
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WHERE ARE RATES TODAY?
The current market has been volatile and rates did increase but as the markets stabilize the rates may come back down. Do you have questions regarding refinancing? Contact Counsel Mortgage Group, we are here to counsel you through these decisions! – Text refi to 411923 We offer a variety of products and services, ask us...
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THE BIG ELEPHANT IN THE ROOM
COVID 19 and CARES Act are on the forefront of many minds currently. You may have heard that you can forbear on your mortgage payments during the COVID 19 pandemic. The first thing you need to do is contact your servicer. Make sure you understand how forbearance works and if it’s right for you long...
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LOW RATE ADS
You’ve most likely heard on the radio lenders boasting they can get you approved in minutes or days by simply going to the website and clicking a button. Is that all it takes nowadays to get approved and to go to closing? Can you close the loan right after you are approved in mere minutes?...
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INVESTMENT PROPERTY PURCHASES AND QUALIFYING
If you are going to purchase an investment property, you want to make sure the rental income covers the mortgage payment. In addition, you should budget a cushion, i.e. rental income that more than covers your mortgage payment and gives you some profit each month. You can put the profit aside and keep it in...
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WHAT’S THE BOTTOM LINE?
A mortgage payment could be less than your rent payment. You may think you cannot qualify, but you’d be surprised. There are many new products on the market. There are no-money down loans, and low-down payment loans available where the down payment can be a gift. If you do not have good credit, we can...
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FIRST THINGS FIRST
You’ve decided you want to buy a house but don’t know where to begin. You’re not sure what to do. First things first; Here’s where to start: • The first thing to do is check your credit, you will need a good credit score to get a good loan. Student loans, car loans, and credit...
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HOW’S THE COVID-19 CREDIT MARKETS?
Today’s post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC. So much happening so fast – COVID-19 … current and downstream effects! We’ll try to sift through the clutter and focus on those factors affecting our market over the next few months. As I review data accumulated since our...