Tag: <span>#MortgageLoans</span>

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HOW OLD IS TOO OLD?

Lenders cannot discriminate based on age. So, even if you are 100 years old, and can qualify for the payment, you can get a 30-year mortgage. This applies regardless of whether it is a forward mortgage or a reverse mortgage. A forward mortgage is the mortgage you are familiar with, I.e. you make monthly payments....

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DO THEY HAVE YOUR BEST INTEREST IN MIND?

There are many different products and lenders in the marketplace, but do they have your best interest in mind? Counsel Mortgage Group®, LLC offers high level advice and consultation on your mortgage. We specialize in counseling on mortgage loans: 30-year fixed, 15- year fixed, adjustable rate, no down payment, VA, investment, SBA, and commercial loans,...

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WHAT ARE FANNIE MAE AND FREDDIE MAC?

You may have heard of Fannie Mae and Freddie Mac. What are they, and how do they affect mortgages? Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are Government Sponsored Enterprises (GSE). They are quasi-governmental entities that were established to enhance the flow of credit in the housing industry....

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THERE ARE MANY DIFFERENT WAYS TO GET APPROVED FOR A LOAN

There are many different ways to get approved for a loan today. Dodd-Frank legislated there must be an ability-to-repay the loan (as if this needed to be legislated). As a result, lenders took a strict interpretation of this rule. In order to qualify, you had to be a salaried employee, or if self-employed have a...

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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.