One of the loan types that has come into demand recently is a bridge loan. They’re typically used in situations where there’s stress in the situation resulting in a bargain element in the pricing, and time is a material factor. (Our current environment is causing a lot of this.) We have a fair amount of...
Tag: #mortgage #wholesalerates #brokersarebetter #excellenceinlending #counselmortgage #arizona #california
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ARE YOU ELIGIBLE?
Not all homeowners are eligible for a reverse mortgage. Understanding reverse mortgage requirements is the first-step to take when considering applying. What are the requirements for reverse mortgage? Your home must be your primary residence. You must be current on your loan and/or federal loans, I.e. student loans, etc. You must complete counseling with...
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COUNSEL MORTGAGE GROUP IS INVESTED IN OFFERING EXCELLENCE
We are invested in making sure your experience with Counsel Mortgage Group is nothing less than excellent. We broker both commercial and residential loans. We are dedicated to getting the lowest rate and working through the closing process seamlessly. Counsel Mortgage Group brokers loans in both Arizona, California and Hawaii. We offer a variety of...
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MORTGAGE BROKER
There are many benefits to using a mortgage broker for both commercial and residential loans. Mortgage brokers have greater sources and access to wholesale rates and costs. Here’s a great article on commercial lending: https://marshallcf.com/how-to-get-the-best-possible-loan…/ Contact Counsel Mortgage. We have many originators who specialize in both commercial and residentials loans. We offer a variety of...
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CRE FINANCE OUTLOOK CONTINUES TO BRIGHTEN
Last month we reported that the CRE financing market was looking up. This month we note that the trend continues. In a prepared statement April 28 following last month’s FOMC meeting the Fed announced that … “ Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened. …...
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CRE FINANCE OUTLOOK BRIGHTENS
Seventy-seven percent of participants in the CRE Finance Council’s latest survey believe the economy will perform well over the next 12 months. The CRE Finance Council’s Fourth-Quarter 2020 Board of Governors’ Sentiment Index brought a new uptick of optimism about the future of commercial real estate finance. * CREFC’s Board of Governors consists...
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THE COUNSEL MORTGAGE GROUP PROMISE
Our mission at Counsel Mortgage Group is to provide honest, straight forward advice and excellent service. We are dedicated to help you find the best mortgage product, lowest mortgage rate and costs available. We are always grateful for our clients for taking a moment and sharing their experience with Counsel Mortgage Group. “We...
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SBA LOANS – 7(A) & 504 – BOTH ENHANCED BY THE SBA
Earlier in this message we highlighted the SBA promotion (enhancements) of the 7(a) program as a tool to help small businesses during the COVID-driven economic decline. Many of the relief provisions under the CARES ACT elevate the SBA 504 program also, including fee reductions and an extension of payment subsidies for new 504 loans. In...
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THE RUN-UP IN MORTGAGE RATES
The recent rate increases have stalled the demand for mortgage refinancing. Applications fell 5% last week according to the Mortgage Bankers Association’s seasonally adjusted index. How does this affect homeowners considering refinancing their mortgage loans?
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MORTGAGE DELINQUENCY
Mortgage delinquency is typically a good marker for revealing economic distress. If you’re in the market to buy or sell a home, or make an investment, knowing the mortgage delinquency rate is important. The Consumer Financial Protection Bureau has data, and graphs showing where the market was in 2008 compared to today. https://www.consumerfinance.gov/…/mortgages-90-or-more…/ Contact Counsel...