Wait a minute … shouldn’t this be written by a commercial real estate broker? Good question – read on. Money is mobile. It moves among markets, countries (currencies), and asset classes in order for the investor to optimize his (or her) risk/reward. This is notable and timely today given the recent activity in the stock...
Tag: #realestate
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LOAN APPROVAL
You received the loan approval from the lender. Does this mean you are done, and that you can now go to closing? Not quite. The loan approval is usually issued by the underwriter after the initial review of the file. It is usually a conditional approval listing conditions that need to be met prior to...
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CLIENT REVIEW: WHY WORK WITH A COUNSEL MORTGAGE BROKER
John at Counsel Mortgage Group was fantastic to work with in the purchase of my first home. As a veteran, he navigated me flawlessly through the VA loan process which I have heard other vets tell me horror stories about. He went above and beyond, reaching out after hours for information that was needed...
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BANKS ARE EXPECTING A STRONG YEAR (2019) FOR CRE LENDING
Today’s post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC. The Mortgage Bankers Association (MBA) recently reported another stellar year for commercial/multifamily mortgage originations in 2018. Although the MBA will release final data next month, results from its fourth quarter mortgage originations survey point to volume that could be...
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RESPONSIBILITY IN LENDING
There is a great responsibility in lending; recently, there appears to be a movement in the marketplace to commoditize lending by making products available on-line. The emphasis is on closing the loan quickly and making the process automated; this approach implies that counseling to find the right mortgage is not necessary, and leaves the choice...
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CLIENT REVIEW: WHY WORK WITH A COUNSEL MORTGAGE BROKER
I will rarely leave on an online review yet my recent experience with Counsel Mortgage highly warrants some feedback. As a real estate professional with AZ Prime Property Management I can state without a doubt that John Rapasky is one of the most knowledgable and result driven loan officers in the valley with solid results...
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MONEY CENTER BANKS CUTTING BACK IN 2019
The nation’s largest banks are being more cautious with their commercial real estate lending, based on what they are saying on their earnings conference calls. The same headwinds that slowed bank lending last year are extending into 2019, as economists debate how much longer the current economic expansion, on pace to reach a record...
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2019 LOAN LIMITS
The loan limits for conforming, VA, and FHA loans have increased for 2019. The conforming and VA conforming loan limit in Maricopa County, AZ is now $484,350. Loan amounts in excess of this limit are considered jumbo, which we can finance. The FHA loan limit for Maricopa County is now $314,827. Loan limits can vary...
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HOW TO GET THE PERFECT CREDIT SCORE
Today’s post is a video from Bloomberg.com: How to Get The Elusive Perfect Credit Score https://www.bloomberg.com/news/videos/2018-12-27/how-to-get-the-elusive-perfect-credit-score-video Contact us and we can help you with your credit to qualify for the best mortgage for you. We offer a variety of products and services, ask us how we can assist you today: Counsel Mortgage...
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UP 1% IN 2018
The Fed’s quarter point bump in Dec. is now in the books. Their most recent forward guidance suggests two ¼ point increases in 2019 … but when? The early money says Jun & Dec. Most every market prognosticator, soothsayer, psychic and analyst state that their market is “late in the cycle”. Which cycle that...