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HOA ASSESSMENTS AND MORTGAGE PAYMENTS

  Becoming a new homeowner is both exciting, and somewhat confusing, when buying into an HOA. Some new members of an HOA may be under the impression the assessment payment is built into the mortgage payment. Assessments should be paid to the HOA, and mortgage payments are paid directly to the mortgage servicer.   If you would like to know more about buying into an HOA   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 ©...

WAYS TO HOLD TITLE TO REAL ESTATE IN ARIZONA

Here is an excellent article on how to take title to real estate in Arizona. This blog appears on the Professional Escrow Resources website, www.docprepper.com. Thanks to Shari Nestor of Professional Escrow Resources for her permission to allow us to repost. Ways to Hold Title to Real Estate in Arizona – Professional Escrow Resources https://docprepper.com/ways-to-hold-title-to-real-estate…/ Professional Escrow Resources is a Professional Document Preparation company. Check out their website to see their list of services. 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...

PRODUCTS FOR BUILDERS

We have a product for builders who are building spec homes for profit. The minimum loan amount is $150,000 with a maximum loan amount of $3 million. For review, we need the detailed budget, construction schedule/development phases, and architect drawings. The lender considers the following in the credit decision: ● Borrower characteristics/Total exposure approval (experience in the space, experience in the market) ● Concentration risk in the subdivision (total number of planned units, current phase, % of planned project under construction at one time) ● Local/Demographic data (where is the neighborhood, is it by a large metro, local absorption rates,...

THINK TWICE BEFORE COMMITTING FRAUD

DO NOT COMMIT FRAUD. When you are purchasing an investment property, apply for an investment property loan. Do not purchase an investment property and apply for a second home loan for the sole purpose of getting a lower interest rate. To do this would be mortgage fraud.   Here are a few examples of how this can affect you: 1. Insurance. The lender will make sure you have the correct insurance policy before closing. If you have a second home policy but a renter occupies the property, you run the risk that an accident would not be covered. 2. The...

WE ARE TAKING APPLICATIONS

  We are now taking applications at the higher conforming loan limit. The conforming loan limit for 2021 has increased from $510,400 to $548,250.  That is a substantial increase of $37,850, meaning, you can get the lower conforming rates up to a higher amount. Contact us and we can help.   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 © 2021 Counsel Mortgage Group®, LLC    

FOUR ADVANTAGES OF USING A COMMERCIAL MORTGAGE BROKER

There are many benefits to using a mortgage broker for both commercial and residential loans. Mortgage brokers have greater sources and access to wholesale rates and costs. Here’s a great article on commercial lending: https://marshallcf.com/how-to-get-the-best-possible-loan…/ Contact Counsel Mortgage. We have many originators who specialize in both commercial and residentials loans. 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 © 2021 Counsel Mortgage Group®, LLC.

COUNSEL MORTGAGE GROUP IS INVESTED

We are invested in making sure your experience with Counsel Mortgage Group is nothing less than excellent.  We broker both commercial and residential loans.  We are dedicated to getting the lowest rate and working through the closing process seamlessly. Counsel Mortgage Group brokers loans in both Arizona and California.  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 © 2021 Counsel Mortgage Group®, LLC.

HOMEOWNERSHIP, HOW DO I GET STARTED?

Are you contemplating homeownership? Are you wondering how to begin the process? Here some steps to get started: • First and foremost, check your credit. It’s best to know your score in advance to get a good loan. Student loans, car loans, and credit cards are all items that are considered in determining your credit score, make sure you pay these each month when they become due (for credit cards, maintain a balance no higher than 30% of the credit limit, this will help your credit score). • Save for a down payment: There are many loan products out there...

LOSS MITIGATION

What is loss mitigation? Loss mitigation refers to the mortgage servicers responsibility to the borrower and helping the borrower avoid foreclosure. There are many options for borrowers who may be struggling to make loan payments. Forbearance is not the only option, and may not be a solution long-term.   Here’s a link providing options in addition to forbearance https://www.consumerfinance.gov/consumer-tools/mortgages/answers/key-terms/#loan-modification   We welcome you to contact us at Counsel Mortgage Group. We’re here to help. 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...