Category: Forbearance

MORTGAGE PAYMENT POSTPONEMENT

Many homeowners have been affected by the pandemic and some are struggling to make their mortgage payments. There are many resources and programs to assist homeowners in need. Here’s a great resource https://www.consumerfinance.gov/…/mortgage-and-housing…/ Check out this quick video for steps on mortgage forbearance due to coronavirus https://www.youtube.com/watch?v=0UzmTxYmw94 We welcome you to contact us at Counsel Mortgage Group. We can offer you guidance and resource options as well. 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 #178927AZ MB #0909580CA DBO #60DBO43873 Copyright © 2021 Counsel Mortgage...

Read More

DEFINE FORBEARANCE

Due to the pandemic, many homeowners are struggling with making their mortgage payments. Forbearance may be an option for them. What is forbearance? Here is an article that gives you what you need to know regarding forbearance:   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.

Read More

HOW WILL YOU REPAY THE FORBEARANCE?

Did you recently get approved to forbear your mortgage payments? You may be interested to read some advice pertaining to the CARES Act and other mortgage relief received. Have you considered how you will repay the forbearance? The article provides insight regarding repayment also. If you have any questions about your mortgage or forbearance 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.

Read More

THE CHOICE IS YOURS

Many borrowers continue to choose to forbear on their payments during the pandemic. With that said, they cannot qualify for a new loan until they bring their payments up-to-date. When signing for the new loan, most lenders are requiring borrowers to sign a form stating that they will not forbear on the new loan.  The borrowers who have  chosen to forbear on payments may have difficulties moving forward. Click link to Wall Street Journal for information https://on.wsj.com/32oRbGm 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...

Read More

CAN I REFINANCE IF MY LOAN IS IN FORBEARANCE

Can I refinance if my loan is 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 Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 Copyright © 2020 Counsel Mortgage Group®, LLC. Check Us Out On Facebook https://www.facebook.com/counselmortgagegroupllc/

Read More

MAKE YOUR MORTGAGE PAYMENT, IF YOU CAN Pt. II

Make your mortgage payment, if you can…  We recently posted about mortgage payment forbearance and why it’s best to continue making payments if you can. There may be consequences; mortgage lates. “Mortgage Hangover” is another reason why you should make your mortgage payment. See this article posted on Bloomberg.com.   Fannie-Freddie Forbearance Rule Sows Fears of Mortgage Hangover https://www.bloomberg.com/…/fannie-freddie-forbearance-rule… If you have any questions about this, or anything else mortgage related, contact Counsel Mortgage Group. 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...

Read More

MAKE YOUR MORTGAGE PAYMENT, IF YOU CAN

If you have the ability to make a mortgage payment today, do it. Many people are taking advantage of the government’s forbearance program and choosing to delay their payments. You will ultimately have to make these payments, whether they are due at the end of the forbearance period or paid over time. However, what is not clear today are the consequences of not making a timely mortgage payment. If you do not make the payment, there could be mortgage lates that appear on your credit report and could negatively impact your credit score. This could hurt your ability to refinance your...

Read More