Are you planning to build a home? There are construction loan options for you. There are two approval processes for a construction loan: One for your credit and income. One for the construction and the building. You will need the final building plans, specs, and cost breakdown ready to give to the lender. The most typical loans are one-time close and two-time close construction loans: The one-time close construction loan only requires one underwrite, which is at the beginning of the process. Once you have an approval, then you can commence building. The approval is good through construction and after...
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JUMBO LOAN PROGRAMS
We have a variety of jumbo loan programs at Counsel Mortgage Group. VA jumbo, reverse jumbo and many more available. Before you apply for a jumbo loan, contact us. We are a mortgage broker, we shop wholesale rates and costs to see what program would be best for your scenario. We have a variety of lenders to whom we can broker who specialize in Jumbo loans. We work for you, not the lender. Counsel Mortgage Group®, LLC Licensed in Arizona, California, Hawaii and Illinois www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 HI-178927 IL MB.6761723...
December 14, 2022December 15, 2022
THE PROBLEM AND SOME SOLUTIONS
Commercial and multifamily mortgage loan originations decreased 13% year-over-year in Q3-22, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. A fall in originations for office, multifamily and retail led to the overall decrease in commercial/multifamily lending volumes. “After a strong first half of the year, rising interest and capitalization rates began to affect deal volume during Q3,” said Jamie Woodwell, MBA’s head of commercial real estate research. “Increasing yields across investment alternatives – including the 10-Year Treasury yield more than doubling during the first nine months of the year – have shifted property...
December 7, 2022December 7, 2022
THERE ARE MANY DIFFERENT TYPES OF MORTGAGE LOANS
There are many different types of mortgage loans: conventional, FHA, VA, USDA, jumbo, private money, investor, second/vacation home, primary residence, not so hard money, purchase, refinance. Which is the best for you? 15-year fixed, 30-year fixed, 20-year fixed, adjustable rate? We specialize in going over your scenario to find the right loan for you. We offer a variety of products, services, and broker to many lenders. Ask us how we can assist you today. We work for you, not the lender. Counsel Mortgage Group®, LLC Licensed in Arizona, California, Hawaii and Illinois www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA...
December 4, 2022December 4, 2022
COUNSEL MORTGAGE GROUP BROKERS LOANS TO SELF-EMPLOYED HOMEBUYERS
There is some conversation out there that if you are self-employed, you cannot qualify for a loan; well, this is just wrong. If you have been self-employed for at least 2 years you may be able to qualify for a loan. Lenders will take the average of your net income over the last 2 years as reported on your tax return. This income can be reported in a variety of ways. For example: – On the Schedule C of your 1040, or Schedule K-1 if you file an S Corporation or Partnership return. They’ll also consider wages you pay yourself...
November 28, 2022November 29, 2022
ARE YOU LOOKING FOR A MORTGAGE LOAN?
Are you looking for a mortgage loan? Are you self-employed, write off your expenses, and get turned down by lenders because you do not show enough income? There are a variety of ways to get you qualified for a home loan under these circumstances. One way is to work with your accountant and let them know the amount of income you will need to show to qualify for a loan. Another way is to use your bank statements to calculate income. Counsel Mortgage Group, LLC is founded by an experienced Attorney and CPA who can offer a higher level of...
November 26, 2022November 26, 2022
CAN AN INVESTMENT GROUP GET FINANCING?
Are you a part of an investment group looking to purchase rental homes. Can an investment group get financing? Can you get financing if you purchase rental homes with a friend? Yes, you can.
November 22, 2022November 22, 2022
YOU ARE NOT ALONE
Counsel Mortgage Group®, LLC Licensed in Arizona, California, Hawaii and Illinois www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 HI-178927 IL MB.6761723 Copyright © 2022 Counsel Mortgage Group®, LLC.
November 20, 2022November 20, 2022
SHOULD I BUY A HOME NOW OR WAIT?
This is a tough question I get asked all the time, whether it is in this market, the market 6 months ago, or 15 years ago during the Great Recession. The question remains the same. Should I buy a home now or wait?
November 18, 2022November 18, 2022