As a mortgage broker, we can broker loans to many different lenders. Here we feature Pac Res. PacRes is a full service lender, and offers a variety of financing options. They offer conventional financing through Fannie Mae and Freddie Mac, jumbo products, asset depletion, and bank statement loans, to name a few. An asset depletion loan is one where income is calculated from your total assets to qualify you for the loan. Bank statement loans are for self-employed individuals where a percentage of their deposits are considered as income for qualification. PacRes also offers a lock and shop product where...
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ANOTHER LENDER TO WHOM WE CAN BROKER – FIRST NATIONAL BANK OF AMERICA
As a mortgage broker, we can broker loans to many different lenders. Here we feature First National Bank of America. They offer vacant land loans, which can be hard to find today. They also lend on both single-wide and double-wide manufactured homes. Here is another example of a lender that offers loans that your bank may not. If you are working with your bank, or a mortgage banker, you may be limiting yourself. When it comes to, likely, the most important purchase in your life, you should consider working with us, a mortgage broker, who has access to...
February 24, 2023June 17, 2023john
ANOTHER LENDER TO WHOM WE CAN BROKER: VELOCITY MORTGAGE CAPITAL
In addition to residential loans, we broker commercial loans. One lender we can broker commercial loans to is Velocity Mortgage Capital. They lend on 1-4 unit, multi-family, mixed use, and commercial real estate. They are an asset based lender. They work with investors and business owners. They will consider the experience of the investor, credit, and the performance of the property. Many people do not know that they have choices when it comes to commercial financing. They just go to their bank and apply for the loan they offer. But, you do have a choice. We shop the banks...
February 10, 2023June 17, 2023john
ANOTHER LENDER TO WHOM WE CAN BROKER – UNITED FARM MORTGAGE
United Farm Mortgage has a great niche in the marketplace. They can lend on anything agricultural, such as horse farms and boutique vineyards, and can lend on rural land. There are not many lenders who provide this type of financing. Just another reason to work with a mortgage broker, who has access to these types of loans. When you work with us, a mortgage broker, you have access to hundreds of different lenders and products. You do not have this flexibility if you work with a bank or mortgage bank. Work with us, the mortgage counselors, and we can...
January 21, 2023June 17, 2023john
ANOTHER LENDER TO WHOM WE CAN BROKER – PLAZA HOME MORTGAGE
As a mortgage broker, we can broker loans to many different lenders. Here we feature Plaza Home Mortgage. Plaza is a full-service lender with renovation loans, reverse mortgages, conventional, FHA, and VA loans. With renovation loans, you can include the costs of home improvements into the loan. If you are purchasing a home and want to include the improvements in the purchase price and loan, you may want to consider a renovation loan. Reverse mortgages are loans where you do not have to make a monthly payment, rather your home makes the payment for you in that the principal balance...
January 11, 2023June 17, 2023john
ANOTHER LENDER TO WHOM WE CAN BROKER – 11 MORTGAGE
One of the advantages of being a mortgage broker is that we have the ability to shop many different lenders to find the right loan with the lowest rate and costs for your scenario. 11 Mortgage is another lender who offers conventional, VA, and FHA loans. They have competitive rates, great technology and support. There are many factors we consider when choosing a lender. A lender that offers great support, and is responsive, is critical when it comes to working with someone to close your loan on time. Contact us and we can help you.
November 18, 2022June 17, 2023john
ANOTHER LENDER TO WHOM WE CAN BROKER – TOWNE MORTGAGE
As a mortgage broker, we can broker to many different lenders. Here we feature Towne Mortgage. Towne is a customer/family friendly lender. They offer competitive rates for conventional, renovation, and government loans, and will do manual underwriting. What is a manual underwrite and why is it important? You may not know, but most loans are sold to Fannie Mae and Freddie Mac, who have their own automated underwriting systems which loans are uploaded into and run. Their automated systems will let you know if the loan is approved or denied, and will give the underwriter guidance as to what documentation will be needed to get the loan final approved. In some instances, the automated underwriting system will not approve the loan. In these cases, a lender may manually underwrite the file to see if they can still approve the loan. Thus, you have 2 bites at the apple. Towne offers this service. This is another reason to work with a mortgage broker, because, if not for the broker, you may not have known this is even an issue, and that this option is available. Work with us, we are the mortgage counselors.
November 7, 2022June 17, 2023john
WHAT DOES IT MEAN TO BE A MORTGAGE BROKER?
Being a mortgage broker means you shop lenders to find the best product for your customer. I recently attended a mortgage conference in Las Vegas where there were many different lenders showcasing their products. We talked to many lenders and took videos of those conversations...
October 22, 2022October 28, 2022john
Counsel Mortgage Group Q&A’s (5) | John Rapasky
This episodes questions: 1. 0:06 What are mortgage rates based on? What data do you look at to see if it’s going up or down? 2. 1:20 A VA loan credit score vs. a FHA loan credit score, what credit scores apply? 3. 3:20 How many times can you use a VA loan? We believe home-buyers and borrowers deserve honest, ethical and competent service, enabling them to make informed decisions regarding their mortgage needs. In today’s dynamic environment, this service and counseling is invaluable. John Rapasky is the President of the Counsel Mortgage Group, LLC. You can contact him at...
April 28, 2013April 28, 2013john
Counsel Mortgage Group Q&A’s (4) | John Rapasky
This episodes questions: 1. 0:06 What are mortgage rates based on? What data do you look at to see if it’s going up or down? 2. 1:20 A VA loan credit score vs. a FHA loan credit score, what credit scores apply? 3. 3:20 How many times can you use a VA loan? We believe home-buyers and borrowers deserve honest, ethical and competent service, enabling them to make informed decisions regarding their mortgage needs. In today’s dynamic environment, this service and counseling is invaluable. John Rapasky is the President of the Counsel Mortgage Group, LLC. You can contact him at...
April 28, 2013April 28, 2013john