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Mortgage Denied? Here's Why and What to Do | #BorrowWisely
Blog 2 days ago
Mortgage Denied? Here's Why and What to Do | #BorrowWisely
Source Ask a Lender

Finding the perfect home only to have your mortgage loan denied can be devastating. Fortunately, the road does not end with a rejection. Each...

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Is Loan Modification Right for Me? | #BorrowWisely
Blog 2 days ago
Is Loan Modification Right for Me? | #BorrowWisely
Source Ask a Lender

If you are a homeowner facing mortgage delinquency or default, your lender may be the last organization you want to reach out to. For some...

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What is a Home Equity Loan? | #BorrowWisely
Blog 2 days ago
What is a Home Equity Loan? | #BorrowWisely
Source Ask a Lender

Home equity loans and home equity lines of credit sound like they are the same thing, but there are some fundamental differences that might help a...

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Finding the Perfect Tenant | #BorrowWisely
Blog 2 days ago
Finding the Perfect Tenant | #BorrowWisely
Source Ask a Lender

If you're getting into the rental business, you will soon discover that there is no one foolproof approach that can assure you will find the right...

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What Are Triple Net Leases? | #BorrowWisely
Blog 2 days ago
What Are Triple Net Leases? | #BorrowWisely
Source Ask a Lender

“Gross” and “net” leases bookend the spectrum of commercial real estate leasing arrangements. With an absolute gross lease, the owner is...

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Should You Make Mortgage Payments Every Two Weeks? | #BorrowWisely
Blog 3 days ago
Should You Make Mortgage Payments Every Two Weeks? | #BorrowWisely
Source Ask a Lender

Most homeowners dream of the day when their mortgage is paid off and they’ve eliminated a sizable amount of debt. And there’s a trick for turning...

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How Much Does It Cost to Build a New House? | #BorrowWisely
Blog 3 days ago
How Much Does It Cost to Build a New House? | #BorrowWisely
Source Ask a Lender

If you are thinking about building a house instead of purchasing an existing home, you are probably wondering how much it will cost. As with...

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How to Sell a Home That Has a Reverse Mortgage | #BorrowWisely
Blog 4 days ago
How to Sell a Home That Has a Reverse Mortgage | #BorrowWisely
Source Ask a Lender

Reverse mortgages are a type of loan available to homeowners who are at least 62 years old, allowing them to turn their home equity — the...

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Tips to Funding Niche Commercial Properties | #BorrowWisely
Blog 4 days ago
Tips to Funding Niche Commercial Properties | #BorrowWisely
Source Ask a Lender

Landing a commercial mortgage for a conventional investment, like an apartment building or an office complex, is a pretty straightforward process....

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What Are Home Sellers Required to Tell Buyers? | #BorrowWisely
Blog 4 days ago
What Are Home Sellers Required to Tell Buyers? | #BorrowWisely
Source Ask a Lender

A home often has hidden problems that only its owner knows about. It can be a leaky roof, problems with the plumbing or old buried storage tanks....

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How to Buy Real Estate with Bitcoin | #BorrowWisely
Blog 4 days ago
How to Buy Real Estate with Bitcoin | #BorrowWisely
Source Ask a Lender

With the price of bitcoin soaring in 2017 from less than $1,000 to, at one point, more than $20,000, it’s not surprising that bitcoin investors are...

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7 Steps to Success for New Real Estate Investors | #BorrowWisely
Blog 5 days ago
7 Steps to Success for New Real Estate Investors | #BorrowWisely
Source Ask a Lender

Real estate investing is a tried-and-true way to build wealth. But real estate can be a complicated world to navigate, particularly if you have no...

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How to Find the Best Mortgage Rate | #BorrowWisely
Blog 5 days ago
How to Find the Best Mortgage Rate | #BorrowWisely
Source Ask a Lender

Every week, news stories come out describing changes in mortgage rates and what the average rate is nationwide. When potential homebuyers are ready...

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You Don't Need 20 Percent Down to Buy a House | #BorrowWisely
Blog 5 days ago
You Don't Need 20 Percent Down to Buy a House | #BorrowWisely
Source Ask a Lender

It sounds like good advice: You always need to pay 20 percent of a home’s selling price as a down payment. But here’s the thing: That so-called...

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Get a Mortgage Despite Poor Credit | #BorrowWisely
Blog 5 days ago
Get a Mortgage Despite Poor Credit | #BorrowWisely
Source Ask a Lender

Commercials frequently implore consumers to check their credit scores. Without a good score, these advertisements warn, people will have a tough...

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8 Logical Reasons to Compare Mortgage Lenders | #BorrowWisely
Blog 5 days ago
8 Logical Reasons to Compare Mortgage Lenders | #BorrowWisely
Source Ask a Lender

When you buy a house, you legally commit to a long-term investment. That said, when it’s time to get a loan, statistics show that many of us use...

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How to Get a Mortgage When You’re Self-Employed | #BorrowWisely
Blog 6 days ago
How to Get a Mortgage When You’re Self-Employed | #BorrowWisely
Source Ask a Lender

Few groups have a more disparate appetite for risk than entrepreneurs and lenders. While self-employed individuals are willing to live and work...

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You’d Better Shop Around for That Mortgage | #BorrowWisely
Blog 6 days ago
You’d Better Shop Around for That Mortgage | #BorrowWisely
Source Ask a Lender

Shop around for lenders, compare rates and fees, and you can save thousands of dollars over the course of your loan. This is common advice from...

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The Myth of the First-Time Homebuyer Loan | #BorrowWisely
Blog 6 days ago
The Myth of the First-Time Homebuyer Loan | #BorrowWisely
Source Ask a Lender

Buying a house for the first time can feel like drinking from a fire hose. With mortgages in particular, new buyers are often faced with a deluge...

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How Much Is My Home Worth? | #BorrowWisely
Blog 6 days ago
How Much Is My Home Worth? | #BorrowWisely
Source Ask a Lender

It is handy to have some idea of your home’s worth. You’ll need to know its value if you plan to sell your house, or pull out some of its cash...

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3 Ways to Pay off Your Mortage Faster | #BorrowWisely
Blog 6 days ago
3 Ways to Pay off Your Mortage Faster | #BorrowWisely
Source Ask a Lender

Many homeowners sell their property before they pay off their mortgage, while others make it a priority to own their homes free and clear. More...

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How to Get Financing on a Preconstruction Condo | #BorrowWisely
Blog 1 week ago
How to Get Financing on a Preconstruction Condo | #BorrowWisely
Source Ask a Lender

Successfully buying a preconstruction condo requires more appetite for risk than with many other property purchases. There are great deals to be...

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What to Expect From the Housing Market in 2018 | #BorrowWisely
Blog 1 week ago
What to Expect From the Housing Market in 2018 | #BorrowWisely
Source Ask a Lender

The housing market continues to raise eyebrows with its continuing price growth. According to the S&P CoreLogic Case-Schiller national home price...

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Hazard, Flood and Earthquake Insurance: Do I Need Them All? | #BorrowWisely
Blog 1 week ago
Hazard, Flood and Earthquake Insurance: Do I Need Them All? | #BorrowWisely
Source Ask a Lender

When it comes to protecting your house, do you really need hazard, flood and earthquake insurance? After all, floods and earthquakes are hazards,...

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The Pros and Cons of Seller Financing | #BorrowWisely
Blog 1 week ago
The Pros and Cons of Seller Financing | #BorrowWisely
Source Ask a Lender

Mortgage lenders are by definition risk-averse. This can make it difficult for individuals with special circumstances to obtain a home loan. Not...

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How Does a Shared Equity Mortgage Work? | #BorrowWisely
Blog 1 week ago
How Does a Shared Equity Mortgage Work? | #BorrowWisely
Source Ask a Lender

For many first-time homebuyers, saving enough money for a down payment can seem decidedly out of reach. You want an affordable mortgage, but how do...

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Closing Costs Involve More Than the Down Payment | #BorrowWisely
Blog 1 week ago
Closing Costs Involve More Than the Down Payment | #BorrowWisely
Source Ask a Lender

When looking to buy a house, saving up enough money for a down payment can be difficult enough. But there are other costs that you also must pay at...

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Do You Need a Real Estate Agent to Sell Your House? | #BorrowWisely
Blog 1 week ago
Do You Need a Real Estate Agent to Sell Your House? | #BorrowWisely
Source Ask a Lender

If you’re selling your home, you want as much money for it as possible. One strategy for maximizing the proceeds of a home sale is selling the home...

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How Does Seller Financing Work? | #BorrowWisely
Blog 1 week ago
How Does Seller Financing Work? | #BorrowWisely
Source Ask a Lender

While perusing listings of homes on the market, you may come across a home with the note “owner will carry (owc)” or “seller financing available.”...

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For Sale by Owner Homes: Should You Buy One? | #BorrowWisely
Blog 1 week ago
For Sale by Owner Homes: Should You Buy One? | #BorrowWisely
Source Ask a Lender

If you’re in the market to purchase a home, you might not think twice about whether a seller is represented by a licensed real estate agent. A...

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