Credit reports are currently free as long as you only make an inquiry weekly. Click the link to the article from the FTC regarding getting a free credit report and credit monitoring during the pandemic. You can get your report at www.annualcreditreport.com, which is authorized by all 3 credit bureaus, i.e. Experian, Transunion, and Equifax. During these uncertain times, it’s nice to know you can stay on top of your credit report for free. https://www.consumer.ftc.gov/…/credit-reports-are-now-free-… If you have any questions about your credit in connection with getting a mortgage loan, contact Counsel Mortgage Group! We offer a variety of products and...
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WHO HAS MONEY TO LEND, AND HOW DO YOU GET IT? WHY BANKS ARE PUCKERED
Today’s post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC. Commercial and multifamily mortgage bankers are expected to close $248 billion of loans backed by income-producing properties in 2020, a 59% decline from 2019’s record volume of $601 billion, the Mortgage Bankers Association (MBA) reported. Total multifamily lending alone, which includes some loans made by small and midsize banks not captured in the overall total, is forecast to fall 42% this year. MBA anticipates a partial rebound in lending volumes in 2021, with commercial/multifamily lending rising to $390 billion. “The ongoing COVID-19 pandemic continues...
August 1, 2020August 1, 2020
COUNSEL MORTGAGE NAMED ONE OF THE BEST MORTGAGE BROKERS IN PHOENIX
Counsel Mortgage Group was recently nominated as one of the “Top Picks” in the Phoenix area. We are honored to have made the Expertise Best Mortgage Brokers in Phoenix 2020 list. The selection criteria were based on more than 25 variables across five categories. The publication on Expertise.com rates Counsel Mortgage Group as one of 17, out of a total of 396 mortgage brokers. Check out the article to learn more! https://www.expertise.com/…/phoenix/mortgage-brokers-lenders 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...
July 30, 2020July 30, 2020
THE PUSH TO REFINANCE
You may have received a phone call, mailer, or email with the promise of low rates and lower payments. Below are some thoughts to consider before you refinance. The most basic analysis is to compare the savings to the costs. For example, 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. So, if you continue to live 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...
July 24, 2020July 24, 2020
WHAT IS THE BEST REFINANCING OPTION FOR YOU?
There are a variety of options for refinancing mortgage loans. What is best for you? The fact is, not everyone’s situation is the same. At Counsel Mortgage Group we do what is best for you. We have many options for our customers. Ask us about our fixed loan options, we have several. We can look at lowering your payment and total interest paid over the life of the loan. Contact us at Counsel Mortgage Group and we guide you down the best path for you. We offer a variety of products and services, ask us how...
July 19, 2020July 19, 2020
COUNSEL MORTGAGE GROUP CULTURE
The overriding culture at Counsel Mortgage Group is to help people. Mortgages can be confusing. There are many different options available which can be paralyzing. It’s the guidance through these options and throughout the mortgage process that we specialize in. We are not a turn and burn mortgage company. The manner in which we operate has resulted in positive feedback, returning customers, and referrals by satisfied customers and Realtor partners. As a mortgage broker, we work in wholesale, providing wholesale rates and costs to our customers. We have an advantage over the big box mortgage lenders and mortgage...
July 18, 2020July 18, 2020
BUYING, REFINANCING, WHAT’S THE PLAN?
As you can imagine, we get asked more so than ever before, “Is now the right time for buying or refinancing a home?” Refinancing is currently on the forefront of many homeowner’s minds today. If you are a prospective home buyer when should you start planning for your mortgage? The answer is as soon as you think you will be buying or refinancing a home.
July 14, 2020July 14, 2020
REFINANCING IS HIGHLY DESIRABLE
Refinancing is highly desired right now and we have helped many homeowners refinance their loans. Frequently delaying the process is postponed mortgage payments due to forbearance. Is it possible to refinance a loan in forbearance? Yes, you can refinance if your loan is in forbearance. You will have to bring your loan current to refinance. The lender will not refinance if you are behind on your mortgage payments. If you are looking to refinance, contact Counsel Mortgage Group and we can help you! We offer a variety of products and services, ask us how we can assist you today: Counsel...
July 9, 2020July 9, 2020
QUESTIONS ABOUT REFINANCING?
Do you have questions about refinancing? We provide counsel to help you find the right mortgage. We’ve helped many clients refinance their loan. 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 © 2020 Counsel Mortgage Group®, LLC.
July 4, 2020July 4, 2020
HALF-YEAR REPORT – MONEY IS CHEAP
This has been an unprecedented first half of the year. An international pandemic, high unemployment, closing of businesses, and a Fed Funds rate near zero. Notwithstanding these global and economic calamities, loans are being made. Rates are the lowest they’ve been and money is cheap. It is a great time to buy and borrow. Programs interrupted due to the pandemic are returning to the market, such as jumbo loans. With rates this low, there is not much reason to put a lot of cash into a home. It’s likely your investment portfolio performs at a higher rate of return than...
July 1, 2020July 1, 2020