Why do many people continue to borrow mortgage loans at higher rates and costs? Because, they do not consult with a mortgage broker. Mortgage brokers work with lenders in the wholesale marketplace and pass on these rates and costs to their customers. Further, mortgage brokers’ compensation is legislated to not exceed 3% of the amount financed, including the wholesale lender’s fees, and is disclosed on every transaction. Mortgage banks, and banks, do not have this restriction. They can make as much as they want on any loan and do not have to disclose it. Why does this matter? Because...
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RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE
Are you in the market to purchase a home, investment or commercial property? Visit the Counsel Mortgage Group website. We provide daily rates and we are happy to discuss lending specific to your needs. We offer a variety of products and services, ask us how we can assist you today. http://counselmortgagegroup.com/todays-rates/ Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60dbo43873 Copyright © 2021 Counsel Mortgage Group®, LLC.
June 23, 2021June 23, 2021
HOW DO ADJUSTABLE RATE MORTGAGES WORK?
An Adjustable Rate Mortgage (ARM) is typically a mortgage that is fixed for a period of time, and then becomes adjustable. The typical ARMs are 3/1, 5/1, 7/1, and 10/1. The first number represents the time period the rate is fixed. The second number represents how often the rate changes. Example: A 3/1 ARM means the rate is fixed for 3 years, and then adjusts each year thereafter. The loan typically has a 30 year term. ARM rates are typically lower than 30-year fixed rates. If you know you will only be in the home for a short period of...
June 16, 2021June 17, 2021
ARE YOU WILLING TO TAKE THE PLUNGE?
In spite of low home inventory, many prospective homebuyers are still willing to take the plunge and purchase a new home, or a first home. Interest rates have remained low and homebuyers want to take advantage of current rates even though market prices continue to rise. You may ask yourself if it’s a good or bad time to buy? Check out this article https://www.barrons.com/articles/good-bad-time-to-buy-a-home-51623165996 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...
June 10, 2021June 10, 2021
ADVERTISEMENT SATURATION
I witness time and again advertisements on the internet, billboards and radio for. The down payment is typically in the form of a grant that does not need to be paid back. Many people push these loans enticing first time homebuyers to buy a home without any money out of their pocket. While these loans increase sales for the loan officer and real estate agent, are they really in the best interests of the first-time homebuyer?
May 17, 2021May 17, 2021
CRE FINANCE OUTLOOK CONTINUES TO BRIGHTEN
Last month we reported that the CRE financing market was looking up. This month we note that the trend continues. In a prepared statement April 28 following last month’s FOMC meeting the Fed announced that … “ Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened. … Inflation has risen, largely reflecting transitory factors. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit (and cash) to U.S. households and businesses.” (Emphasis by Counsel Mortgage) The Fed goes on … “The Committee...
May 5, 2021May 6, 2021
IS IT STILL A GOOD TIME TO BUY OR REFINANCE A HOME?
“Is now a good time for buying or refinancing a home?”, continues to be one of the most frequently asked questions we hear. When should you start planning for your mortgage? The answer is as soon as you think you will be buying or refinancing a home. Mortgage planning includes analyzing your credit and income for qualification. What about cryptocurrency? Can crypto be included as income? The reason why you should begin planning as soon as possible is that it may take time to qualify. A review of your credit may turn up derogatory items that may take months to...
May 3, 2021May 4, 2021
HERE IS ONE STORY ON HOW SOMEONE PURCHASED A HOME WITH A MORTGAGE AND CRYPTOCURRENCY
Are you considering getting a mortgage and purchasing a home with cryptocurrency? Contact us at Counsel Mortgage Group. We can discuss any questions you may have about getting a mortgage and purchasing a home with cryptocurrency. We offer a variety of products and services, ask us how we can assist you today. Check out this article about using crypto to purchase homes https://on.mktw.net/3e8VdcZ Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 Copyright © 2021 Counsel Mortgage Group®, LLC.
May 1, 2021May 1, 2021
WE HELP YOU FIND THE RIGHT LENDING SOURCE
We provide options and help you find the right lending source for your purchase. Is an SBA loan or a conventional loan the right loan for you? Should you borrow from a bank, investment bank, hedge fund, insurance company or some other funding source? What about cryptocurrency? We have the relationships and knowledge to help you find the right financing for your purposes. We are mortgage brokers who work for you. If you go to a bank, they can only offer you their product. We have options. Contact us and we can help find the right option for you....
April 30, 2021May 1, 2021
REMINDER: IT’S NOT TOO LATE
Come run, or walk, in the Scottsdale Area Association of REALTORS® Tiki Fun Run. The run is to benefit the SAAR Member Relief Fund. There are 100 spots in the race! Don’t miss this opportunity of fun for a great cause! Want to know more? https://bit.ly/3sg4SlN 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.
April 28, 2021April 28, 2021