List of the most popular hashtags for theme #60DBO43873

GRI THE CONTRACT CLASS: HOW FAST CAN A TRANSACTION FALL APART WHEN THE WRONG FORM IS USED? Attention Real Estate Agents: Don’t Miss this GRI Course for 14 CE hours. We are pleased to be a co-sponsor for this course. See the flyer and sign up. We’ll see you there! We offer a variety product 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 © 2019 Counsel Mortgage Group®, LLC #CounselMortgage, #MortgageBroker, #we, #counsel, #call_us, #contact_us, #ExcellenceInLending, #Arizona, #California, #Oregon

ARE YOU PLANNING TO BUY A HOME? HERE'S HOW TO GET STARTED You want to buy a house, but don’t know where to begin; here is how you get started: • The first thing to do is check your credit, you will need a good credit score to get a good loan. Student loans, car loans, and credit cards are all items that are considered in determining your credit score, make sure you pay these each month when they become due (for credit cards, maintain a balance no higher than 30% of the credit limit, this will help your credit score). • Save for a down payment: There are loan products out there for zero down payment, but the more you put down, the better the loan terms. • Employment: You will need a steady income to qualify for a loan. Once you have obtained the above 3 items, contact us for a pre-qualification to let you know what you can afford and your expected payments. You may find you qualify for a much higher loan amount than what you would be comfortable paying, on a monthly basis; make sure you are comfortable with the monthly payment, this will help gauge the loan amount and purchase price of the home you are considering. Call us, we can help you through the process! We offer a variety product 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 © 2019 Counsel Mortgage Group®, LLC. #CounselMortgage, #MortgageBroker, #we, #counsel, #call_us, #contact_us, #ExcellenceInLending, #Arizona, #California, #Oregon

WHEN TO CONSIDER A FHA LOAN First time homebuyers will call me asking for a FHA loan. I guess the urban myth is that there is not a low-down payment option for conventional loans. However, this is not true. Conventional loans can be obtained for as little as 3% down. So, what results in a better option for the first-time homebuyer? It depends on the credit score. If you have less than perfect credit, then the FHA loan will likely result in a lower monthly payment. If you have good or excellent credit, the conventional loan may be the better option. The FHA loan can be an expensive loan. It requires a minimum of 3.5% down payment. It has 2 types of mortgage insurance, up-front mortgage insurance and monthly mortgage insurance. A conventional loan has only one type of mortgage insurance, either assessed up-front or monthly (there is also a lender paid mortgage insurance option which results in a higher interest rate). Another big distinction between the 2 loans is that mortgage insurance stays on the FHA loan for the life of the loan. Mortgage insurance on a conventional loan can be removed after you obtain 20% equity in your home. So, which is the better option for you? Contact us and we can walk you through your options. 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 © 2019 Counsel Mortgage Group®, LLC. #CounselMortgage #MortgageBroker #when #consider #FHA #loan #we #counsel #call_us #Mortgage #ExcellenceInLending #Arizona #California #Oregon

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 to prove it. Recently assisting myself with a jumbo loan that other lenders were not able to perform, Counsel Mortgage with excellent communication, knowledge and expertise help guided the loan to a successful and even early close which even a lower interest rate than others. I would highly recommend this company to refer to valued clients or for personal assistance. Top notch and one of the best out there. We look forward to the opportunity to work with you and to show you how we care about you and your loan. Please contact us and we will be happy to help you. 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 © 2019 Counsel Mortgage Group®, LLC. #CounselMortgage #MortgageBroker #blog #benefits #clientreview #testimonials #origination #wecare #call_us #RealEstate #Mortgage #ExcellenceInLending #Arizona #California #Oregon

RENT VS. BUY This is the age old question many people face; do they rent or do they commit to buying a home? Most people do a financial analysis to see if this makes sense. Will the mortgage payment be less than the rent payment? Whether yes or no, they should consider that the principal portion of the mortgage payment is used to build equity in the home, while the rent payment will go to the landlord and will not be used to build any equity for themselves. Over time, hopefully, they will build equity in their home so that they can either sell and make a profit, or use the equity as a down payment for a bigger home. If you are going to purchase a home, you will typically need a down payment. There are down payment assistance programs where you do not need a down payment, but the rate and costs are higher on those loans than if you were able to make a down payment(exception is VA and USDA loans where no down payment is required and the rate and terms are competitive). There are programs where you can put as little as 1% down and obtain good terms on the loan, and the 1% can be a gift. Example, let’s take look at a $200,000 home. If you were to apply for the 1% down payment loan today, the estimated mortgage payment would be $1,300 including principal, interest, taxes, insurance, and mortgage insurance. This requires only a $2,000 down payment. You would compare this to the monthly rent you would pay on a $200,000 home, if the rent is more, then it makes sense to buy, if the rent is less, you would have to consider the lost opportunity to build equity in the home. With a mortgage, approximately $3,000 of your mortgage payments will go to paying down the principal in the first year in this scenario, so, you would gain $3,000 of equity in your home. If you need help analyzing your rent v. buy scenario, contact us and we can help you! 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 © 2019 Counsel Mortgage Group®, LLC. #CounselMortgage #Arizona #blog #rent #buy #terms #loans #RealEstate #Mortgage

IT'S ALL IN THE NAME We named our company Counsel Mortgage because this is what we do. We provide counsel to help you find the right mortgage. We are a mortgage broker, and search wholesale lenders to find the best rate and costs. That is it. It’s pretty simple. When you are searching for a mortgage company to help you, consider the name of their company. Is their company named to provide quick loans, guarantee a rate, or provide a depot where you can get a loan? What does it mean to provide a quick loan? Is it the right loan for you, or is it just quick? We can close quickly, but we feel it is important to counsel you to get you into the right loan. What rate is guaranteed? Is it the best rate and product for you? Do you want to get a loan at a depot? What does this mean? There are many mortgage companies in the marketplace. Take a look at their name. It may give you an idea of their mission. Our mission is simple: counsel you to the right mortgage at the best rates and costs. 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 © 2019 Counsel Mortgage Group®, LLC. #CounselMortgage #MortgageBroker #blog #counsel #branding #RealEstate #Mortgage #assistance #mission #ExcellenceInLending #Arizona #California #Oregon

SECOND HOME V. INVESTMENT PROPERTY A word to the wise, DO NOT COMMIT FRAUD. If you are purchasing an investment property, apply for an investment property loan. Do not purchase an investment property and apply for a second home loan for the sole purpose of getting a lower interest rate. To do this would be mortgage fraud. Here are a few examples of how this can affect you: 1. Insurance. The lender will make sure you have the correct insurance policy before closing. If you have a second home policy but a renter occupies the property, you run the risk that an accident would not be covered. 2. The lender could send personal mail to the second home address that could be opened by the renter, thereby compromising your private information. 3. Or, the lender could send mail to the second home address that bounces back as undeliverable because the renter lives there. This would tip the lender to do more investigation. If the lender finds out they have been defrauded, it can result in fines, penalties, or maybe even jail time. Contact us for competent mortgage advice. 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 © 2019 Counsel Mortgage Group®, LLC. #CounselMortgage, #MortgageBroker, #behonest, #fraud, #investment, #disclose, #we, #counsel, #call_us, #ExcellenceInLending, #Arizona, #California, #Oregon

FIRST TIME HOMEBUYER There are a lot of programs that market to first time homebuyers. The most popular one is down payment assistance, no money down program; we broker this program. Many banks and lenders tout how great this program is by allowing people who have never owned a home before, to get in the home with no money down. What they may fail to tell the buyer is that these programs typically come with higher interest rates and costs than if they had a down payment. If the buyer could come up with as little as 1% down, which can be a gift, then the buyer could get a better rate and lower costs. If you think about it from the lender’s perspective, a lender is going to give a better rate and terms to someone who is going to put 20% down than someone who is not going to put anything down and has never owned a home. So, if you are a first time homebuyer, it is to your benefit to save and put as much money down as you can. You will end up with a better interest rate and lower costs. If you cannot save, we have a variety of no down and low down payment programs that we would be happy to go over with you. We offer a variety product 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 © 2019 Counsel Mortgage Group®, LLC. #CounselMortgage, #MortgageBroker, #first, #time, #homebuyer, #programs, #we, #counsel, #call_us, #ExcellenceInLending, #Arizona, #California, #Oregon

SO WHAT HAVE YOU DONE LATELY? This was a refi of 2 existing gas stations with convenience stores in the Phoenix metro market. Underwritten as a portfolio loan, but structured as 2 separate loans. The loan was conventional and refinanced 2 SBA 7(a) loans. The refinancing released about $2.3mm of SBA capacity to be re-used for additional acquisitions. Combined loan amount was approximately $3.2mm, and included about $1mm cash out to the borrower. LTV was about 70% with an interest rate in the low 5’s. This was a strategic refinancing that allowed the borrower to reduce his debt service, liquefy an additional $1mm for cash down payments on additional acquisitions to expand his business, and position high-leverage financing for the acquisitions in the form of new SBA loans. We had a qualified borrower with all the qualifications lenders look for in a borrower. The challenge: finding a lender for a conventional owner-occupied property that would refinance a gas station (not a popular asset class) and cash out the borrower up to 70% LTV … in this case $1,000,000. If you’re faced with your challenge, why not call and let us take a look. For specific representation, give us a call at Counsel Mortgage. 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 Today's post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC. Copyright © 2019 Counsel Mortgage Group®, LLC. #CounselMortgage #MortgageBroker #refi #gas #station #convenience #stores #we #counsel #call_us #Mortgage #ExcellenceInLending #Arizona #California #Oregon