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How Long After Bankruptcy Can You Get a Mortgage? | #BorrowWisely
Blog 3 months ago
How Long After Bankruptcy Can You Get a Mortgage? | #BorrowWisely
Source Ask a Lender

How long after filing for bankruptcy do you have to wait to get a loan to buy a house? The answer varies depending on what type of bankruptcy you...

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Subprime Mortgages Serve Low-Credit Borrowers | #BorrowWisely
Blog 3 months ago
Subprime Mortgages Serve Low-Credit Borrowers | #BorrowWisely
Source Ask a Lender

What is a subprime mortgage? A subprime loan involves a borrower with a poor or low credit score. The definition of subprime varies. VantageScore...

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Contractor or Custom Builder: Which Do You Need? | #BorrowWisely
Blog 5 months ago
Contractor or Custom Builder: Which Do You Need? | #BorrowWisely
Source Ask a Lender

If you’re looking to do a home renovation or remodeling project, you should know the differences between general contractors and custom builders,...

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Treasury Bond Yields Could Predict New Recession | #BorrowWisely
Blog 5 months ago
Treasury Bond Yields Could Predict New Recession | #BorrowWisely
Source Ask a Lender

The rate on 10-year Treasury bonds has been stagnant, indicating investors fear the economy is slowing, while the rate on 2 year bonds has been...

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How to Get an FHA Loan After Bankruptcy or Foreclosure | #BorrowWisely
Blog 5 months ago
How to Get an FHA Loan After Bankruptcy or Foreclosure | #BorrowWisely
Source Ask a Lender

It is possible to get an FHA loan after bankruptcy, foreclosure or a short sale, but you might have to wait a while. Find out how long to wait,...

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Why First-Time Homebuyers Need Homebuyer Education | #BorrowWisely
Blog 5 months ago
Why First-Time Homebuyers Need Homebuyer Education | #BorrowWisely
Source Ask a Lender

It is essential for first time homebuyers to be informed about their options, rights and responsibilities. Homebuyer education classes and housing...

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Increasing Home Construction Will Help Homebuyers | #BorrowWisely
Blog 5 months ago
Increasing Home Construction Will Help Homebuyers | #BorrowWisely
Source Ask a Lender

Home construction has lagged behind the level needed for a healthy stock of homes for sale, creating a deficit of up to 5 million units. Recent...

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Rent-to-Own Homes: Are They a Good Idea? | #BorrowWisely
Blog 5 months ago
Rent-to-Own Homes: Are They a Good Idea? | #BorrowWisely
Source Ask a Lender

Rent-to-own homes are generally good for people who don’t have established credit. However, make sure you understand your rights and...

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Hidden Costs of Selling a Home | #BorrowWisely
Blog 5 months ago
Hidden Costs of Selling a Home | #BorrowWisely
Source Ask a Lender

Before putting your home on the market, explore the true costs of completing a home sale. Hidden Costs of Selling a Home | #BorrowWisely Ask a Lender

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Flippers Find New Strategy for Hot Housing Market | #BorrowWisely
Blog 5 months ago
Flippers Find New Strategy for Hot Housing Market | #BorrowWisely
Source Ask a Lender

Home renovation specialists doing fix and flips are having trouble finding investment properties they can flip successfully. Many are turning to...

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The Pros and Cons of For Sale By Owner (FSBO) | #BorrowWisely
Blog 5 months ago
The Pros and Cons of For Sale By Owner (FSBO) | #BorrowWisely
Source Ask a Lender

For sale by owner (FSBO) homes can be a good way to save money when selling a property, but sellers should be aware of the potential pitfalls in...

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How Energy-Efficiency Improvements Help Sell Homes | #BorrowWisely
Blog 5 months ago
How Energy-Efficiency Improvements Help Sell Homes | #BorrowWisely
Source Ask a Lender

Energy efficiency improvements can save you money on utility bills, but can they help you sell your house? See how a little research and some laser...

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Are Energy Efficiency Improvements Worth the Cost? | #BorrowWisely
Blog 6 months ago
Are Energy Efficiency Improvements Worth the Cost? | #BorrowWisely
Source Ask a Lender

Energy efficiency improvements are great for the environment and all, but how can you tell if they’re worth the cost? Here is a simple way to...

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9 Common Questions First-Time Homebuyers Ask Lenders | #BorrowWisely
Blog 6 months ago
9 Common Questions First-Time Homebuyers Ask Lenders | #BorrowWisely
Source Ask a Lender

If you’re buying a home for the first time, you probably have a lot of questions about getting a mortgage. We talked to lenders with experience...

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Are Rising Mortgage Rates a Concern for Homebuyers? | #BorrowWisely
Blog 6 months ago
Are Rising Mortgage Rates a Concern for Homebuyers? | #BorrowWisely
Source Ask a Lender

Housing experts believe mortgage rates will top 5 percent by year’s end. Still considered low by historic averages, interest rates are rising and...

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How to Finance Energy Efficiency Upgrades | #BorrowWisely
Blog 6 months ago
How to Finance Energy Efficiency Upgrades | #BorrowWisely
Source Ask a Lender

Energy efficiency improvements to a home can be a significant investment, but the savings can be substantial. Whether you want to lower your...

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Regulatory Relief Bill May Open Doors at Small Banks | #BorrowWisely
Blog 6 months ago
Regulatory Relief Bill May Open Doors at Small Banks | #BorrowWisely
Source Ask a Lender

The regulatory relief bill signed by President Trump may not ease loan qualifying standards for borrowers, but it may open the door for community...

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The Future Is Brighter for Manufactured-Home Loans | #BorrowWisely
Blog 6 months ago
The Future Is Brighter for Manufactured-Home Loans | #BorrowWisely
Source Ask a Lender

The nation’s largest purchasers of home mortgages, Fannie Mae and Freddie Mac, are testing chattel loan programs that could make it easier to...

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What You Need to Know About Small-Dollar Mortgages | #BorrowWisely
Blog 6 months ago
What You Need to Know About Small-Dollar Mortgages | #BorrowWisely
Source Ask a Lender

Home mortgages less than $70,000 are hard to find, but these small-dollar mortgages are available through some credit unions, community banks and...

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Are You a First-Time Homebuyer? You May Be Surprised | #BorrowWisely
Blog 6 months ago
Are You a First-Time Homebuyer? You May Be Surprised | #BorrowWisely
Source Ask a Lender

First-time homebuyers have access to many mortgage loans and financial assistance programs — but you might be surprised by who qualifies. Are You a...

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5 Smart-Home Devices That Can Lower Your Utility Bills | #BorrowWisely
Blog 6 months ago
5 Smart-Home Devices That Can Lower Your Utility Bills | #BorrowWisely
Source Ask a Lender

Through automation, smart-home devices can heat and cool your home more efficiently, saving you money — and helping the environment — in one fell...

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7 Gadgets for Creating a Smart Home on a Budget | #BorrowWisely
Blog 6 months ago
7 Gadgets for Creating a Smart Home on a Budget | #BorrowWisely
Source Ask a Lender

If the idea of turning your house into a smart house sounds prohibitively expensive, you’re wrong. The beauty of modern smart homes is that they...

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How to Finance a Remodel to Create Your Dream Home | #BorrowWisely
Blog 6 months ago
How to Finance a Remodel to Create Your Dream Home | #BorrowWisely
Source Ask a Lender

Fixer uppers are becoming an attractive option for first time homebuyers in this hot housing market. Learn which home mortgages can help you buy a...

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4 Steps to Turn Your House into a High-Tech Smart Home | #BorrowWisely
Blog 6 months ago
4 Steps to Turn Your House into a High-Tech Smart Home | #BorrowWisely
Source Ask a Lender

Wondering how to turn your dumb house into a smart home? It’s easier than you might think — as long as you know what you’re doing. Follow this step...

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Are Rising Mortgage Rates a Concern for Homebuyers? | #BorrowWisely
Blog 6 months ago
Are Rising Mortgage Rates a Concern for Homebuyers? | #BorrowWisely
Source Ask a Lender

Housing experts believe mortgage rates will top 5 percent by year’s end. Still considered low by historic averages, interest rates are rising and...

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What do Professional Flippers Look for in a Property? | #BorrowWisely
Blog 6 months ago
What do Professional Flippers Look for in a Property? | #BorrowWisely
Source Ask a Lender

Flipping homes for profit is easier than you think if you know how to do it. See what professional investors look for in a property when deciding...

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Should You Buy or Rent? Try This Handy Checklist | #BorrowWisely
Blog 6 months ago
Should You Buy or Rent? Try This Handy Checklist | #BorrowWisely
Source Ask a Lender

Should you buy a house or rent? The answer to that question is unique to your personal situation, but here is a checklist of nine questions that...

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3 Affordable Repairs for Flippers—and 3 to Avoid | #BorrowWisely
Blog 6 months ago
3 Affordable Repairs for Flippers—and 3 to Avoid | #BorrowWisely
Source Ask a Lender

If you plan to fix and flip a home, you must be judicious when choosing a property. Here are three repairs that provide a good return on your...

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Increasing Home Prices Require More Jumbo Loan Options | #BorrowWisely
Blog 6 months ago
Increasing Home Prices Require More Jumbo Loan Options | #BorrowWisely
Source Ask a Lender

Read the latest news on jumbo loans, which are becoming increasingly necessary for home purchases in high-priced U.S. cities. Fortunately for...

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Rent Payments Can Help You Qualify for a Home Mortgage | #BorrowWisely
Blog 6 months ago
Rent Payments Can Help You Qualify for a Home Mortgage | #BorrowWisely
Source Ask a Lender

Renters with no credit or bad credit can use a rent reporting service to improve their creditworthiness and their odds of being approved for a home...

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