Here we are on Friday the 13th and you are thinking about buying a home. You have heard horror stories by others regarding the home buying process. You are starting to reconsider and feel that renting will be easier. Well, don’t be afraid, you can buy that home and the process can be smooth. What...
Tag: #lenders
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TAX AND INSURANCE IMPOUND, WHAT SHOULD YOU DO?
An impound account is an escrow account funded monthly by the borrower which includes a pro-rata amount of insurance and real estate taxes. When the insurance and tax bills become due, the lender pays them out of the escrow account. In many instances, you have the option of whether to Impound your insurance and taxes...
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WE SUPPORT OUR VETERANS
Are you a veteran? One of the best loans is the VA loan. To start, you would need your DD214 form and Certificate of Eligibility for a VA loan. We can help you obtain the Certificate. You may be able to qualify for 100% financing. We support our vets and have many veteran employees who...
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COUNSEL MORTGAGE GROUP
We are a brokerage based in Arizona licensed to provide services in both Arizona and California. We have relationships with many banks, insurance companies, and private investors and have access to wholesale rates and products that are not directly available to the public. We canvass our resources daily to find the lowest rates...
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ARE YOU FEELING CONFUSED BY ALL THE MANY LOAN PROGRAMS AND PRODUCTS?
I often get asked, “What do I need to do to shop for a loan?” There are many different programs, products, and sales pitches, making it confusing to determine which loan product to choose. Even a plain 30-year fixed mortgage can be confusing, as some lenders will offer incentives such as payments to closing costs...
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SELF-EMPLOYMENT AND LOAN QUALIFICATION
After the mortgage crisis, there was a perception that self-employed individuals could not get loans; this was plain wrong. If you were self-employed, you could get a loan but the lenders looked at your net income, not your gross income to qualify; the same holds true today. However, if you write off all of your...
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IS REVERSE MORTGAGE RIGHT FOR YOU?
One way to understand what reverse mortgage is, is to understand forward mortgage. A forward mortgage is the mortgage you know, you borrow money, the loan is secured by your home and you pay it back. For the reverse mortgage, you also borrow money, the loan is secured by your home, but you don’t have...
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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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HAPPY HOLIDAYS
For those who celebrate, Happy Easter and Passover from Counsel Mortgage Group, LLC We offer a variety of products and services, ask us how we can assist you today: Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 Copyright © 2018 Counsel Mortgage Group®, LLC.
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GET READY FOR THE MOST COMPETITIVE SPRING HOME BUYING SEASON SINCE THE GREAT RECESSION
Here is an article which describes what is happening in today’s housing market. It provides further evidence as to why it is important to work with a mortgage broker. We can issue pre-qualifications and pre-approvals to get you in the best position to make an offer. Also, we shop wholesale lenders to provide you with...