Tag: #MortgageBroker

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GIFTS FOR DOWN PAYMENT

Gifts are allowed for down payment on conforming and government loans. They are allowed for primary residence purchases, and must come from a family member. Fiancés are qualified donors. Gifts are not allowed on investment properties. With competition heating up for first time homebuyers, we are seeing gifts for down payment so they can present...

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IT’S IN OUR NAME

As mortgage brokers, we counsel you to the right product. We work hard by shopping banks, mortgage banks, investors, and insurance companies, to find the best deal for your residential or commercial purchase. We have been doing this for over 15 years, and have helped thousands of people with their decisions. Are you looking to...

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EFFECTIVE INTEREST RATES 

Many people are struggling to figure out the best way to draw funds from the increased equity in their home.  If they refinanced a year or two ago, they do not want to lose their low interest rate.  So, many are choosing to obtain a home equity line of credit (known as a heloc).  However,...

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ARE WE THERE YET?⁠

⁠ This morning’s official pronouncement: First Republic Bank has been seized, and in a deal that has been cooking for the past several weeks, they’ve agreed to sell to JPMorgan.  If you’re counting, this is the 3rd major US financial institution to fail in the last two months. Not a surprise.  As I said, this...

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AI RECOMMENDS WORKING WITH A MORTGAGE BROKER

Trending are Artificial Intelligence sites, such as Chat GPT, where you can find answers to various questions. We recently asked where we can find the best mortgage rates. See the screenshot below. Even AI knows it’s best to work with a mortgage broker. We are mortgage brokers licensed in Arizona, California, Hawaii, and Illinois, and...

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IS THERE MONEY TO LEND FOR CRE?

  The CBRE Lending Momentum Index declined by 15% in Q4-22 from Q3 and 27% year-over-year. CBRE cited heightened market volatility amid higher interest rates.   “The Federal Reserve’s commitment to reduce inflation with aggressive rate hikes continues to heighten market uncertainty, as borrowing costs increase and a lack of price discovery persists,” said. Rachel...

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ANOTHER LENDER TO WHOM WE CAN BROKER – PENNYMAC TPO

As a mortgage broker, we can broker to many different lenders. Here we feature Pennymac TPO. We have brokered conventional and government loans to them. They have a great process and support. These are important considerations when choosing a lender. We are in the people business, and it is important to have a support team...

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CONTACT COUNSEL MORTGAGE GROUP

Counsel Mortgage Group, LLC is a mortgage brokerage with the sole purpose of finding the right loan for you. We broker loans to wholesale lenders and pass on their rates and costs to you. If you or someone you know is in the market looking for a loan, give us a call and let us...

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ARE YOU CONSIDERING A BRIDGE LOAN?

  If you have a lot of equity in your home, and want to purchase a new home before selling your current home, you may want to consider a bridge loan. A bridge loan allows you to leverage the equity in your current home to make a down payment on the new home, without selling...

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ANOTHER LENDER TO WHOM WE CAN BROKER – PACRES WHOLESALE

As a mortgage broker, we can broker loans to many different lenders. Here we feature Pac Res. PacRes is a full service lender, and offers a variety of financing options. They offer conventional financing through Fannie Mae and Freddie Mac, jumbo products, asset depletion, and bank statement loans, to name a few. An asset depletion...