You may have received a phone call, mailer, or email with the promise of low rates and lower payments. Below are some thoughts to consider before you refinance. The most basic analysis is to compare the savings to the costs. For example, if the costs are $2,500 and the savings is $100 per month, then...
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WHAT IS THE BEST REFINANCING OPTION FOR YOU?
There are a variety of options for refinancing mortgage loans. What is best for you? The fact is, not everyone’s situation is the same. At Counsel Mortgage Group we do what is best for you. We have many options for our customers. Ask us about our fixed loan options, we have several. We...
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COUNSEL MORTGAGE GROUP CULTURE
The overriding culture at Counsel Mortgage Group is to help people. Mortgages can be confusing. There are many different options available which can be paralyzing. It’s the guidance through these options and throughout the mortgage process that we specialize in. We are not a turn and burn mortgage company. The manner in which we...
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BUYING, REFINANCING, WHAT’S THE PLAN?
As you can imagine, we get asked more so than ever before, “Is now the right time for buying or refinancing a home?” Refinancing is currently on the forefront of many homeowner’s minds today. If you are a prospective home buyer when should you start planning for your mortgage? The answer is as soon as...
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REFINANCING IS HIGHLY DESIRABLE
Refinancing is highly desired right now and we have helped many homeowners refinance their loans. Frequently delaying the process is postponed mortgage payments due to forbearance. Is it possible to refinance a loan in forbearance? Yes, you can refinance if your loan is in forbearance. You will have to bring your loan current to refinance....
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QUESTIONS ABOUT REFINANCING?
Do you have questions about refinancing? We provide counsel to help you find the right mortgage. We’ve helped many clients refinance their loan. We are a mortgage broker, and search wholesale lenders to find the best rate and costs. We broker in both Arizona and California. Contact us, we can help! We offer a variety...
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HALF-YEAR REPORT – MONEY IS CHEAP
This has been an unprecedented first half of the year. An international pandemic, high unemployment, closing of businesses, and a Fed Funds rate near zero. Notwithstanding these global and economic calamities, loans are being made. Rates are the lowest they’ve been and money is cheap. It is a great time to buy and borrow. Programs...
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NOT A SURPRISE, BUT WHAT TO DO?
Today’s post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC. The repeat CRE sales of $39.1 billion for the first 5 months of 2020 fell 24.2% from the same time a year earlier, according to the latest monthly CoStar Commercial Repeat Sale Indices. This is the first look at the...
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THE LOAN ESTIMATE
The Loan Estimate (“LE”) is a document provided to you by the lender within 3 days of the application date. The application date is the date when the following have been provided to the lender:
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CD QUESTIONS? CONTACT COUNSEL MORTGAGE GROUP
Do you have questions about Closing Disclosure (“CD”)? The CD is the latest version of the costs and prepaid expenses on the loan. The CD contains the loan amount, interest rate, monthly payment, and amount due at closing. The numbers on the CD are intended to be the final figures for closing. The CD must...