Many commercial mortgages are fixed for 5-7 years, and then become due. These loans may have been originated before or during the pandemic at much lower rates than today. You may find yourself in a position where your Note is coming due. We can help you find refinancing options. We are mortgage brokers and can shop lenders to find the best deal for you in today’s environment. Don’t feel that you are stuck with staying with the same bank at their rates. Contact us and we can help. To see other posts and videos in our series, click here: https://counselmortgagegroup.com/blog/...
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ARCHITECTURE TOUR
Here is a great opportunity to tour luxury properties that are not on the market, meet the architects, enjoy food and drinks, and talk with knowledgeable people in the luxury home space. On Thursday, October 26th, come join me at the Desert Modern Architecture Tour, flyer below, from 4-7 pm. The cost is $50, with proceeds benefiting the Member Relief (Hutch) Fund which benefits people who suffer a catastrophic event such as a tragedy, disaster or illness that would prevent them from working and being able to support their family and are members of the Scottsdale Area Association of Realtors....
October 19, 2023October 19, 2023
TROUBLE GETTING APPROVED FOR A MORTGAGE? CONTACT US, WE CAN HELP
With increased interest rates and values for homes, you may find you are having trouble getting approved for a mortgage. We are mortgage brokers and have relationships with many different lenders, including, but not limited to, banks, credit unions, wholesale mortgage companies, insurance companies, and private individuals. There are more products available today than there have been in a long time. We shop these sources to find the best program for you. Give us a call and we can help.
October 10, 2023October 10, 2023
FREE CONTINUING EDUCATION HOUR FOR REALTORS
Join us Oct. 17th at 11 am at Pioneer Title Agency in Tucson, AZ for a free ADRE continuing education hour. I will be presenting a class on real estate finance, similar to the class I presented at the State Bar this summer. We will go over the different types of loans available, while sharing my experience and tricks of the trade I’ve learned over the years. There are so many products available today and ways to get your clients approved. RSVP to Pioneer Title. Looking forward to seeing you there!
October 5, 2023October 5, 2023
HOW HIGH AND HOW LONG, MR. POWELL?
Today’s post is written by Commercial Loan Originator Mike Green. The FOMC’s pause on interest rate hikes at the September meeting a couple weeks ago wasn’t a surprise. Inflation has continued to subside, labor has cooled, and supply chains continue to improve. In justifying the pause, they cite: Job gains have slowed but remain strong, The unemployment rate has remained low, Inflation remains elevated, The U.S. banking system is sound and resilient, (We could argue that.) Tighter credit conditions are likely to weigh on economic activity. And then, acknowledging the elephant in the room, “The extent of these effects remains...
October 2, 2023October 2, 2023
COUNSEL MORTGAGE PROVIDES FINANCING FOR CONSTRUCTION OF SHOPPING CENTER
We are excited to help our client finance the construction of a retail center in Avondale. It will be located on the southeast corner of Avondale Boulevard and The Boulevard. It will consist of a Mexican restaurant, Vietnamese sandwich shop, a nail salon, and a health salon. The completion of the project is scheduled for the 1st quarter of 2024. If you are looking for construction financing of commercial or residential projects, give us a call.
September 25, 2023September 25, 2023
REVERSE MORTGAGES
We are finding that reverse mortgages are becoming more of a financial planning tool. If you are at least 55 years old, and have around 50% equity in your home, you may want to consider a reverse mortgage. In a reverse mortgage, you don’t make out-of-pocket payments on the mortgage, rather the equity in your home makes the payments as the principal balance increases over time. You have to occupy the home as your primary residence, and you can stay in the home for the rest of your life, even if the mortgage balance exceeds the value of your home....
September 21, 2023September 21, 2023
PREVENTING IDENTITY THEFT – FREEZING YOUR CREDIT
One way to prevent identity theft is to freeze your credit. If your credit is frozen, you have to manually unfreeze it prior to having it checked. Thus, if someone steals your identification, they cannot purchase anything in your name that requires a check on your credit. You can freeze your credit for free. To freeze your credit, go to the following links: Equifax – https://www.equifax.com/personal/credit-report-services/credit-freeze/ Experian – www.experian.com/freeze TransUnion – https://freeze.transunion.com If you need help freezing your credit, or have any questions, give us a call
September 14, 2023September 14, 2023
WE CAN LEND IN ILLINOIS
I’m back in Chicago, Illinois. Illinois is one of the states where we can lend. If you are looking for a residential or commercial loan in Illinois, give us a call. We are mortgage brokers and will shop lenders to find the best loan for you. Whether you are a first-time homebuyer, investor, or starting a business, we have the expertise to help you. With higher interest rates, having someone shop lenders for you who understands the ins and outs of lending is a great partner for your real estate financing needs.
September 6, 2023September 6, 2023
DOWN PAYMENT – FIRST-TIME HOMEBUYER VIDEO SERIES
I am at the train park in Scottsdale, located at Indian Bend and Scottsdale Road. This is a popular location where families bring their young children to play and ride on the train. A common question amongst young families is how to buy a home, and how much down payment is needed. The best loans in terms of repayment require a small down payment. If you have excellent credit, a conventional loan requires as little as 3% down. If you have less than perfect credit, a FHA loan requires 3.5% down. There are some lenders offering 1% down, but there...
August 31, 2023August 31, 2023