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
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CONTACT US, WE CAN HELP
Do you have questions about refinancing? We provide counsel to help you find the right mortgage. We are a mortgage broker, and search wholesale lenders to find the best rate and costs. We broker in both Arizona and California. Contact us, 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.
WHAT ARE THE ADVANTAGES OF WORKING WITH A MORTGAGE BROKER?
One advantage of working with a mortgage broker instead of a banker is the lender credit. The lender credit is a credit towards closing costs. This credit represents the excess premium from the lender after paying the broker’s commission. Brokers get paid a fixed percentage of the loan amount from the lender for each transaction. If the bond price for the interest rate is in excess of the fixed compensation, the balance goes to you, the consumer, to offset your costs. You can receive a competitive rate, and money towards your costs; just another reason why you should consider a...
INCREASED HOME SALES AND CONTINUED LOW RATES
Home sales are up roughly 27% compared to January 2020, in the Phoenix Metro and surrounding areas, in spite of moderate to low inventory. The urgency to refinance, buy or sell a home has been driven by the continued low rates. Are you in the market to buy or sell, or refinance? Contact us at Counsel Mortgage Group. One of our qualified originators would be happy to speak with you. We broker residential and commercial loans in Arizona and California. We offer a variety of products and services, ask us how we can assist you today. Counsel Mortgage Group®, LLC...
THINKING ABOUT REFINANCING?
Many factors should be considered when deciding if refinancing is the best choice for your needs. We can help you. We’ll ask simplified questions to get you on the right path. We have helped hundreds of families refinance loans over the years. We analyze the current rates and evaluate whether refinancing is right for you or whether it is not in light of the costs involved. We can also assist in a refinance to take cash out of your home to make improvements, consolidate debt, or other reasons. Contact Counsel Mortgage Group, we’re happy to review and discuss your mortgage...
LENDERS RE-THINKING ASSUMPTIONS AS PANDEMIC CONTINUES
Now in mid-stream of the pandemic, commercial lenders are looking primarily at industrial, multifamily and selected office deals. But beyond that, other asset classes are drawing lesser interest, even though in some cases lenders are willing to stretch their comfort level. Some pandemic-driven re-purposing properties are being seen like life sciences conversion projects in nontraditional markets like Phoenix. With the talent present that supports the host of hospitals and medical related services, these projects are attracting attention of investors and lenders alike. While life sciences are currently hot, people are cooling off of other sectors. Investors need to distinguish between...
WHY BORROW AT A HIGHER RATE OR COST
If borrowing money at the lowest rate and cost is most sensible why do many people continue to borrow mortgage loans at higher rates and costs? It is possible they did 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...
REASONS TO REFINANCE
Is refinancing to reduce your payment the smart thing to do? The most basic analysis is to compare the savings to the costs. For instance, if the costs are $2,500 and the savings is $100 per month, then it would take 25 months ($2,500/$100) to recover the costs. Living in the home for more than 25 months, you will benefit from the refinance. If you are going to live in the house for less than 25 months, then it would not benefit you to refinance. Another level of analysis, that most do not consider, is the long term consequences...
HAVE YOU PRE-QUALIFIED FOR A LOAN?
In order to put an offer on a home, you will likely have to present a letter stating you are pre-qualified for the loan. What do you need to do to get pre-qualified? The first step is to complete a loan application; the application will give the loan originator the information they need to evaluate your scenario, such as your employment history, income, assets, and liabilities. The originator will also want to pull your credit and review your credit report. By reviewing the elements of the ACID® test, we can determine if you are pre-qualified. See link: http://bit.ly/2nAn9yb...
NOW’S THE OPTIMUM TIME TO BUY OR REFINANCE
Rates are low. and rates are subject to change. Now is a good time to buy or refinance. We are a mortgage broker and offer wholesale rates and costs in Arizona and California. We originate both residential and commercial loans. Contact Counsel Mortgage Group, we can help you! 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.