There is a great responsibility in lending; recently, there appears to be a movement in the marketplace to commoditize lending by making products available on-line. The emphasis is on closing the loan quickly and making the process automated; this approach implies that counseling to find the right mortgage is not necessary, and leaves the choice...
Tag: #ExcellenceInLending
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CLIENT REVIEW: WHY WORK WITH A COUNSEL MORTGAGE BROKER
I will rarely leave on an online review yet my recent experience with Counsel Mortgage highly warrants some feedback. As a real estate professional with AZ Prime Property Management I can state without a doubt that John Rapasky is one of the most knowledgable and result driven loan officers in the valley with solid results...
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MONEY CENTER BANKS CUTTING BACK IN 2019
The nation’s largest banks are being more cautious with their commercial real estate lending, based on what they are saying on their earnings conference calls. The same headwinds that slowed bank lending last year are extending into 2019, as economists debate how much longer the current economic expansion, on pace to reach a record...
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NEW YEAR’S RESOLUTIONS
Now is the time that we reflect on 2018 and make resolutions for 2019. Many people will review their financial picture to see where they can improve on their finances for the upcoming year. The mortgage is as much a part of your financial picture as your investments. How best to finance the mortgage and...
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2019 LOAN LIMITS
The loan limits for conforming, VA, and FHA loans have increased for 2019. The conforming and VA conforming loan limit in Maricopa County, AZ is now $484,350. Loan amounts in excess of this limit are considered jumbo, which we can finance. The FHA loan limit for Maricopa County is now $314,827. Loan limits can vary...
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HOW TO GET THE PERFECT CREDIT SCORE
Today’s post is a video from Bloomberg.com: How to Get The Elusive Perfect Credit Score https://www.bloomberg.com/news/videos/2018-12-27/how-to-get-the-elusive-perfect-credit-score-video Contact us and we can help you with your credit to qualify for the best mortgage for you. We offer a variety of products and services, ask us how we can assist you today: Counsel Mortgage...
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UP 1% IN 2018
The Fed’s quarter point bump in Dec. is now in the books. Their most recent forward guidance suggests two ¼ point increases in 2019 … but when? The early money says Jun & Dec. Most every market prognosticator, soothsayer, psychic and analyst state that their market is “late in the cycle”. Which cycle that...
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TERM SHEET OR COMMITMENT LETTER
The glossary of terms in commercial real estate (CRE) lending is packed with synonymous and unique terms not typically found outside the arena of commercial real estate lending, and often mis-used by practitioners within the industry, as well as those bumping up against CRE lending in their respective tangential industries, e.g., CRE real estate licensees, escrow...
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TO REFINANCE OR NOT TO REFINANCE, THAT IS THE QUESTION
Perhaps a better question is HOW to refinance. This week the Fed (FOMC) stayed the course as advertised, raising their Fed Funds rate another 25 bps, their 8th ¼ point increase since late 2015. This takes Fed Funds to 2.00-2.25% range, and Prime to 5.25%. In their public announcement following the Wednesday meeting they reiterated...
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CRE LENDING NOT OVER-HEATED
The latest Senior Loan Officer Opinion Survey from the Federal Reserve offers good news for business in general, reporting that terms and conditions for loans have continued to ease. The commercial real estate (CRE) sector, though, received no such love. Banks kept commercial real estate lending standards about unchanged on balance, it said. It wrote:...