Here is the Roundup from this month’s Roundtable.  If you’d like to watch the panel discussion, click on the Counsel Mortgage YouTube channel:   https://www.youtube.com/watch?v=rGMG2lwghm0   We discussed the following:   

1. 50-year fixed mortgage – we went over the pros and cons of the loan, how long it will take for principal payments to match the interest payments, and circumstances where there may be a significant difference in payment.
2. Fed Funds rate and Mortgage rates – we discussed why mortgage rates are not moving down when the Fed reduces the Fed Funds rate. 
3. Adjustable Rate Mortgages – are these coming back into the market?  Are rates low enough to justify these loans? 
4. New Construction – we discussed whether it is better to negotiate a better price for the home instead of the lower interest rate offered by the builder’s lender. 
5. Deed Fraud – discussed what it is, and how you can prevent it.
6. Commercial mortgage v. residential mortgage – when is it the right time to look at these two options to finance the property.  What are the advantages and disadvantages of each option? 

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Looking forward to seeing you at next month’s Roundtable!  

If you are considering purchasing a home, or refinancing, either residential or commercial, give us a call. This is what we do everyday, and can help find the right loan for you.