Did you know there are housing counselors available to assist you, nationwide, based on zip code? Housing counselors are a great resource for advice and guidance for homeowners, home buyers, renting, credit concerns etc. Click link to locate a counselor in your area https://www.consumerfinance.gov/find-a-housing-counselor/?zipcode Counsel Mortgage Group is also happy to offer guidance. We offer a variety of products and services, ask us how we can assist you today. Counsel Mortgage Group®, LLC Licensed in Arizona, California and Hawaii www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 HI-178927 Copyright © 2021 Counsel Mortgage Group®,...
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AGE QUALIFICATIONS FOR A MORTGAGE LOAN
Any adult, pursuant to that state’s laws, can apply for a for a mortgage loan. According to Fannie Mae, “borrowers who are natural persons and have reached the age at which the mortgage note can be enforced in the jurisdiction where the property is located” can apply; there is no maximum age limit for a borrower. An exception to the above is an inter vivo revocable trust. We have closed loans in the name of the trust. However, a LLC, Corporation, or Partnership cannot apply for a conventional residential mortgage loan. The loan is made to the individual, and the...
September 12, 2021September 12, 2021
COUNSEL MORTGAGE GROUP IS INVESTED IN OFFERING EXCELLENCE
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, California and Hawaii. We offer a variety of products and services, ask us how we can assist you today. Counsel Mortgage Group®, LLC Licensed in Arizona, California and Hawaii www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 Copyright © 2021 Counsel Mortgage Group®, LLC.
September 8, 2021September 9, 2021
CRE MORTGAGE DELINQUENCIES CONTINUE DECLINE
Mortgage delinquency rates, which have been a bellwether of distress in the CRE sector during the pandemic, are continuing to improve. One area of concern, however, is that elevated levels of delinquencies in the lodging and retail sectors are expected to linger as troubled loans slowly work toward resolutions, with some defaults expected. There are still a lot of “what ifs” that will influence how the amount of distress in CRE will play out. Some believe that distress has peaked and is gradually being worked out. Others think there could be more flare-ups of distress ahead in certain pockets,...
September 1, 2021September 1, 2021
RCRMS: LEASING ESSENTIALS
Counsel Mortgage Group, LLC will be co-sponsoring Leasing Essentials on September 10, 2021 from 8:45 AM – 4:00 PM. The course offers 3 Contract Law, 3 Legal Issues and GRI Designation credits. Come learn to master the essential elements of real estate leasing, including landlord/tenant laws, property management and a broker’s responsibility in this specialty. Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 HI-178927 Copyright © 2021 Counsel Mortgage Group®, LLC.
August 24, 2021August 24, 2021
GRADUATES FINANCING HOME LOANS
Are you a soon to be college graduate considering financing a home loan? Student loan payments were deferred during the onset of the pandemic and you may not have had a monthly payment. Nonetheless, lenders will calculate a payment to qualify you for the loan, when applying.
August 21, 2021August 22, 2021
FIRST-TIME HOMEBUYER ACT OF 2021
You may have heard of the First-Time Homebuyer Act of 2021, and you may have questions. How does the act work? Who is eligible? Click link to learn about how to qualify and what requirements may be needed. https://homebuyer.com/learn/15000-first-time-home-buyer-tax-credit If you have any questions about the First-Time Homebuyer Act of 2021 give us a call. 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 HI-178927 Copyright © 2021 Counsel Mortgage Group®, LLC.
August 16, 2021August 16, 2021
REPAYING THE FORBEARANCE?
Did you recently get approved to forbear your mortgage payments? You may be interested to read some advice pertaining to the CARES Act and other mortgage relief received. Have you considered how you will repay the forbearance? The article provides insight regarding repayment also. If you have any questions about your mortgage or forbearance give us a call 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 HI-178927
August 13, 2021August 13, 2021
DOWN PAYMENT ASSISTANCE PROGRAMS
Let’s take a look at down payment assistance; there are programs that will actually make the down payment for you: There are different types of programs. Some which you will have to apply for separately and others that are part of the loan process. However, like anything else, these programs are not free. Although you may not have to put anything down, payment assistance programs typically have higher interest rates and higher fees than if you make the down payment yourself. It is typically in your best interest to save for the down payment. We offer a variety product services,...
August 11, 2021August 13, 2021
ALWAYS OBTAIN A PAYOFF STATEMENT
If you have a loan and are looking to pay it off, make sure you obtain the payoff statement. The statement is a document provided by the lender which contains the final amount to be paid to release their lien. It contains the principal balance, interest up to the date of closing, penalties (if any), and other charges the lender may charge to obtain the payoff, such as a processing fee; if there is a pre-payment penalty on the loan, it would show up here. The payoff is usually obtained by the title company. If the transaction is a...
August 5, 2021August 6, 2021