Tag: <span>#HomeLoan</span>

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FINANCING AND PLANNED COMMUNITIES

When you finance a condo, there are specific rules the condominium association must meet. Here is the link to the article we wrote on these rules: /category/condominiums/ However, there are many properties that you may know as a patio home, townhome, or even a single family residence, but because of the way the land was...

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ARM: ADJUSTABLE RATE MORTGAGES

An Adjustable Rate Mortgage (ARM) is typically a mortgage that is fixed for a period of time, and then becomes adjustable. The typical ARMs are 3/1, 5/1, 7/1, and 10/1. The first number represents the time period the rate is fixed. The second number represents how often the rate changes. Example: A 3/1 ARM means...

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HOME MORTGAGE DISCLOSURE ACT

You may be asked to provide more information regarding your race and ethnicity when applying for a mortgage loan. Pursuant to the Home Mortgage Disclosure Act (HMDA), lenders collect this information to ensure applicants are treated fairly and that the housing needs of communities and neighborhoods are being fulfilled. Applicants are asked their demographic information...

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HELPING THE HOMELESS

HELPING THE HOMELESS Counsel Mortgage is a proud supporter of reKindle, a not for profit that helps the homeless. We participate in Second Chance Saturday where reKindle teams up with another charity, GIVE (Girls who Inspire, Volunteer and Empower) to provide backpacks, clothes, toiletries, food, water, and even massages to the homeless. We recognize how...