This episodes questions: 1. 0:06 What are mortgage rates based on? What data do you look at to see if it’s going up or down? 2. 1:20 A VA loan credit score vs. a FHA loan credit score, what credit scores apply? 3. 3:20 How many times can you use a VA loan? We believe...
Author: john (John Rapasky)
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Counsel Mortgage Group Q&A’s (4) | John Rapasky
This episodes questions: 1. 0:06 What are mortgage rates based on? What data do you look at to see if it’s going up or down? 2. 1:20 A VA loan credit score vs. a FHA loan credit score, what credit scores apply? 3. 3:20 How many times can you use a VA loan? We believe...
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Counsel Mortgage Group Q&A’s (3) | John Rapasky
This episodes questions: 1. 0:08 What does “points” mean when you have a mortgage loan? 2. 1:06 What tips would I give to a first time home buyer? 3. 2:11 What date (Monday – Friday) is best to lock in a mortgage rate? We believe home-buyers and borrowers deserve honest, ethical and competent service, enabling...
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Counsel Mortgage Group Q&A’s (2) | John Rapasky
This episodes questions: 1. 0:08 How long does home loan underwriting usually take? 2. 0:45 What is PMI in home loans? 3. 1:26 Should I refinance my home after one year? We believe home-buyers and borrowers deserve honest, ethical and competent service, enabling them to make informed decisions regarding their mortgage needs. In today’s dynamic...
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Counsel Mortgage Group Q&A’s (1) | John Rapasky
This episodes questions: 1. 0:14 What is the difference between a loan underwriter, a loan officer and a mortgage broker? 2. 1:07 What is the difference between a mortgage broker, a credit union, and a bank? 3. 2:10 I’m a first time home-buyer, should I use a mortgage broker or go directly to the bank?...
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LOAN OFFICER LICENSING IN ARIZONA
By John R. Rapasky For the first time ever, beginning July 1, 2010, loan originators must be licensed to originate residential mortgage loans in Arizona. Each licensee will be required to have a license number, which will be registered with the Nationwide Mortgage Licensing System. This number will follow the licensee no matter...
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COMPETENT LOAN OFFICERS
By John Rapasky There is an article in today’s Arizona Republic which validates the mission of the Counsel Mortgage Group, LLC. The article is titled, “After crash, loan officers reined in.” Read the article at: http://www.azcentral.com/business/articles/2009/09/20/20090920housing-loanofficer.html As the article states, “many loan officers pushed mortgages that weren’t safe or smart for borrowers and collected...
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LENDING ON DISTRESSED PROPERTIES IN ARIZONA, PART II
By John R. Rapasky You comment, we listen. Since the last post, many of you commented that you wanted more information regarding this topic. This post discusses 3 different loan programs for the purchase of distressed property. We work with lenders who provide all 3 programs and would be happy to help you with...