With increased interest rates and values for homes, you may find you are having trouble getting approved for a mortgage. We are mortgage brokers and have relationships with many different lenders, including, but not limited to, banks, credit unions, wholesale mortgage companies, insurance companies, and private individuals. There are more products available today than there have been in a long time. We shop these sources to find the best program for you. Give us a call and we can help.
Category: Mortgage Brokers
CONDOS CONDOS CONDOS
We are hearing it is becoming more difficult to get condos approved. Let’s take a look. On conforming loans, there are two levels of review, a limited review and a full review. A limited review does not require as much documentation as a full review. For example, a full review requires an Association Budget and Balance Sheet where a limited review does not. Limited reviews have a better chance of getting approved. To qualify for a limited review, you need at least 10% down on a purchase of a primary residence (25% down for second homes and investment properties). If...
May 9, 2023May 12, 2023john
IT’S IN OUR NAME
As mortgage brokers, we counsel you to the right product. We work hard by shopping banks, mortgage banks, investors, and insurance companies, to find the best deal for your residential or commercial purchase. We have been doing this for over 15 years, and have helped thousands of people with their decisions. Are you looking to borrow money to purchase or refinance real estate? Give us a try. I think you’ll appreciate the level of professionalism we take to help you in your decision. We work for you, not the lender. Counsel Mortgage Group®, LLC Licensed in Arizona, California, Hawaii...
May 5, 2023May 6, 2023john
BILL TO STOP HARASSING PHONE CALLS AFTER YOUR CREDIT IS PULLED
As the Government Affairs Representative for the Arizona Association of Mortgage Professionals, I visited Washington DC to talk to members of Congress and their staff regarding the mortgage issues of the day. On this visit, we were trying to find additional sponsors for H.R. 2656, introduced by Rep. Ritchie Torres (D-NY), which would, among other things, amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads. A trigger lead occurs when your credit is pulled. The notification of the credit pull is sold by credit reporting companies to various companies who then contact you...
April 26, 2023April 27, 2023john
AI RECOMMENDS WORKING WITH A MORTGAGE BROKER
Trending are Artificial Intelligence sites, such as Chat GPT, where you can find answers to various questions. We recently asked where we can find the best mortgage rates. See the screenshot below. Even AI knows it’s best to work with a mortgage broker. We are mortgage brokers licensed in Arizona, California, Hawaii, and Illinois, and can help you, intelligently, find the best mortgage for you. We work for you, not the lender. Counsel Mortgage Group®, LLC Licensed in Arizona, California, Hawaii and Illinois www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 HI-178927 IL MB.6761723 Copyright © 2023 Counsel...
April 14, 2023April 15, 2023john
CONTACT COUNSEL MORTGAGE GROUP
Counsel Mortgage Group, LLC is a mortgage brokerage with the sole purpose of finding the right loan for you. We broker loans to wholesale lenders and pass on their rates and costs to you. If you or someone you know is in the market looking for a loan, give us a call and let us see what is available in the wholesale market. We offer a variety of products and services, ask us how we can assist you today.
April 3, 2023April 4, 2023john
MORTGAGE BANKING ADVERTISEMENTS
You may hear many mortgage bankers advertise they have in-house underwriting and fund their own loans which gives them an advantage in getting your loan approved and funded. FAKE NEWS. Bankers promote these services as something special, but, it is not special to have your loan underwritten and funded on time. This should be expected when you apply for a loan. We are a mortgage broker. We work for you and shop wholesale rates and costs, typically lower than what is offered by bankers. We have access to wholesale underwriters and funders. We are a client of the wholesalers,...
March 14, 2023March 15, 2023john
ARE YOU INVESTING IN A PRIMARY, SECONDARY OR VACATION HOME?
Are you looking to invest in a primary, secondary or vacation home in Arizona, California, Hawaii or Illinois? We are licensed and broker loans in these states. Why is it beneficial to work with a mortgage broker licensed in multiple states? Example: We can help you refinance and take cash out of your Illinois home to make a down payment on a new home in Arizona, California, or Hawaii. We can help you with both loans. Contact Counsel Mortgage Group. We counsel you to find the right loan products for you. Ask us how we can help you today. We...
February 22, 2023February 23, 2023john
ARE YOU PARTNERING WITH A LENDER WHO CAN CLOSE LOANS?
Are you a real estate company looking to partner with a lender who can close loans for your agents? A lender with experience and vast resources who has a lot of options as to where to place a loan, thereby creating more opportunity for your agents? Consider Counsel Mortgage Group, LLC. We are a mortgage brokerage in our 15th year of business having closed over a thousand loans. We shop wholesale lenders and provide wholesale rates and costs to your clients, thereby providing them with competitive rates and costs. We are founded by an experienced CPA and attorney, which gives...
February 18, 2023February 18, 2023john
DO YOU HAVE CONCERNS ABOUT PURCHASING A HOME WITH THE CURRENT MARKET RATES?
Are you looking to purchase a home in this market? Are you concerned about the high rates and unsure about your payment? We specialize in high level advice to weigh your options and find a product with the lowest payment for you. Don’t leave this decision in the hands of a loan officer who can only offer his employer’s products. We are mortgage brokers and shop wholesale lenders to find the right product for you. Founded by an experienced attorney and CPA, we offer a level of advice that is unmatched in the industry. We work for you, not the...
January 15, 2023January 15, 2023john