By John Rapasky There is an article in today’s Arizona Republic which validates the mission of the Counsel Mortgage Group, LLC. The article is titled, “After crash, loan officers reined in.” Read the article at: http://www.azcentral.com/business/articles/2009/09/20/20090920housing-loanofficer.html As the article states, “many loan officers pushed mortgages that weren’t safe or smart for borrowers and collected higher fees.” The article also provides how loan officers are currently not licensed, and therefore there is no formal training required to be a loan officer. Counsel Mortgage was formed by an experienced Attorney and CPA who noticed there was a lack of competent advice...
Blog
LENDING ON DISTRESSED PROPERTIES IN ARIZONA, PART II
By John R. Rapasky You comment, we listen. Since the last post, many of you commented that you wanted more information regarding this topic. This post discusses 3 different loan programs for the purchase of distressed property. We work with lenders who provide all 3 programs and would be happy to help you with your scenario. The first is the use of an escrow holdback. An escrow holdback can be used on an investment property, primary residence, or second/vacation home. An escrow holdback is where the cost of the repairs are kept in an escrow account at the title company...
June 28, 2009June 28, 2009
HOW TO QUALIFY FOR A MORTGAGE – THE “ACID®” TEST TO LENDING
April 26, 2009October 2, 2020