Sometimes, you may not be able to qualify on your own. Have you considered adding a co-signer to help you qualify? If so, the co-signer will have to complete a loan application and will have to qualify, too. Lenders will combine the incomes and debts of both borrowers and base the loan off of the lower of the two credit scores; both borrowers will be on the loan and on the title. So, if you cannot qualify on your own, consider adding a co-signer. We offer a variety of products and services, ask us how we can assist you today:...
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GROUP INVESTMENTS
You want to purchase rental homes but do not have enough money saved or enough income to afford one, so, you talk to your friend who is also thinking about investing. Can you get financing if you purchase rental homes together? Or, you are part of an investment group looking to purchase rental homes. Can the investment group get financing? Yes, you can. First, each of the investors must complete a loan application to qualify for conventional financing. For example, if you and 4 friends are looking to purchase a rental home, all 5 must complete a loan application. The...
BENEFITS OF WORKING WITH A COUNSEL MORTGAGE GROUP BROKER
What is the benefit of working with a mortgage broker and why a Counsel Mortgage Group broker? As you can see from our website, the professional experience of the loan originators at Counsel Mortgage Group is unmatched in the industry. When I looked for a mortgage loan the first time I purchased a home, I did not know there were a variety of different options to get a mortgage loan. I went to a mortgage broker, and since then have obtained all of my loans through a mortgage broker. Below you will see many examples of how working with a...
MORTGAGE AND HOUSING ASSISTANCE
Are you having trouble making mortgage payments due to the loss of income as a result of the pandemic? Here is the straight scoop from the CFPB regarding your options and forbearance. If you have any questions about your mortgage, 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 480-502-1000 www.counselmortgage.com NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 Copyright © 2021 Counsel Mortgage Group®, LLC.
WELCOME TO 2021 – WHERE TO GO, WHAT TO DO?
Problems in the hotel, retail and lodging sectors are pushing the commercial mortgage delinquency rate up. “November did see small increases in newly delinquent retail, lodging and office loans, but at levels far below what was seen at the outset of the pandemic,” Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research, said in a statement. Office property delinquencies rose from 2.0% in October to 2.4% in November. Offices may also see a transition after the pandemic as many workers have become accustomed to working from home. Companies will need to decide if they want their employees working from...
WE APPRECIATE YOUR BUSINESS
We are always grateful for client reviews, and strive to provide excellence in service. “We cannot say enough good things about John and Counsel Mortgage. I was so anxious about this experience, and he could not have made it easier or more seamless. I urge everyone to consider using Counsel Mortgage-we even closed almost a week early!! So happy!” – Mitchel R. 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 © 2020 Counsel Mortgage Group®, LLC.
IS THIS A TYPO?
Wait! Did I read that right? You meant to say 3%, not 2%, right? I mean, I talk to my friends and they’re telling me they are getting rates under 3%. So this is a typo, isn’t it? Well, there are a few lenders out there that are advertising rates under 2% on 15-year fixed and 10- year fixed mortgages. As you would suspect, you would have to pay points to buy down the rate, so it could be expensive. But, the rate is being offered. I called one of the lenders and they said they have customers...
WHY IS MY LOAN APPROVAL TAKING SO LONG?
Why is there a difference in the amount of time it takes to get an approval for a refinance vs purchase loan? There is currently a high volume of refinances. Some take time to get through underwriting process. Purchase loans get through pretty quickly. A preference given to purchase loans in underwriting. Time frames for a purchase loan is bound by contract; the close of escrow date. Given the legal time frame to approve, lenders prioritize purchase loans and move them to the front of the line. Refinances get pushed back. The fact that there are thousands of people...
HAPPY HOLIDAYS
Wishing you, and yours, a very happy and safe holiday season. From all of us, at Counsel Mortgage Group, LLC. 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 © 2020 Counsel Mortgage Group®, LLC.
LOW RATES ARE HERE
Are you in the market to purchase a home? Maybe you’re in the preliminary stages and looking at home listings online. Have you found a few homes you are interested in but you are not sure where to begin? A good place to start is knowing the current rates. We post the rates daily on the Counsel Mortgage Group website. We provide a few scenarios that may be relative to yours. If the examples we provide are not similar to your scenario contact us. We are happy to listen and go over your specific scenario. Daily Rates ...