Today’s post is written by Michael Green, Senior Commercial Loan Originator with Counsel Mortgage Group, LLC. Mike writes monthly on the commercial mortgage market. Check back each month for his commentary. As the CRE market continues to retreat-pause-advance and repeat, driven by economic and political uncertainty, community banks and credit unions are recalibrating their lending...
Tag: Arizona
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BUYDOWNS
Buydowns are very popular right now. As it is a buyer’s market in many parts of the country, sellers are willing to negotiate with buyers to buydown their rate. There are 3 different types of temporary buydowns: 3/2/1, 2/1, and 1/0. The numbers represent how much your rate is reduced each year. For example, if...
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LOOKING THROUGH THE FOG
Today’s post is written by Michael Green, Senior Commercial Loan Originator with Counsel Mortgage Group, LLC. Mike writes monthly on the commercial mortgage market. Check back each month for his commentary. Since the beginning of the year (Trump’s inauguration), visibility into investment and finance markets has been overridden by political chaos. What we used...
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HAPPY INDEPENDENCE DAY!
Wishing you a Happy Indepence Day! Here is a brief video of the beauty of our country. Video taken at the Tom’s Thumb Trailhead in Scottsdale. Have a safe weekend!
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FREEZING YOUR CREDIT
An effective way to prevent credit fraud is to freeze your credit. Freezing your credit can protect you from identity theft. You have control over who checks your credit, and it’s free! Freezing your credit does not affect your credit score. It’s also easy to remove the freeze when you want someone to check your...
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VACANT LAND FINANCING
We offer financing on vacant unimproved land. If you are looking to purchase land, contact us.
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FACTORS THAT INFLUENCE A MORTGAGE RATE QUOTE
There are a number of factors that go into a mortgage rate quote. Here are 10 factors that are considered: 1. Occupancy type – Is the home your primary residence, second/vacation home, or investment property? Rates for second/vacation homes and investment properties are typically higher than a primary residence. 2. How much is your down...
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PROFITING DURING CHAOS
Today’s post is written by Michael Green, Senior Commercial Loan Originator with Counsel Mortgage Group, LLC. Mike writes monthly on the commercial mortgage market. Check back each month for his commentary. “Patience; this is the greatest business asset. Wait for the right time to make your moves.” J. Paul Getty Timeless advice from Mr....
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QUICK TIP TO IMPROVE YOUR CREDIT SCORE
Maintaining low credit card balances can improve your credit score, and help you get better interest rates when you borrow money. You may pay your mortgage, car loan, or student loan on time, but a high credit card balance will hurt your score. For example, let’s say your credit limit on your credit card is...
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WWW.OPTOUTPRESCREEN.COM
When your credit is checked, that simple data point is sold by the credit bureaus and you will start receiving solicitations, via text, phone calls, email or mail. This is called a trigger lead. To avoid this practice, go to www.optoutprescreen.com. You can opt out immediately for 5 years, or send in a letter to...