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Helpful Home Mortgage Programs for Millennials | #BorrowWisely
Blog 3 hours ago
Helpful Home Mortgage Programs for Millennials | #BorrowWisely
Source Ask a Lender

The mortgage industry has begun adapting to cater to the influx of young buyers, from loosening traditionally rigid qualifications for loans to...

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Fannie Mae Offers Help with Home-Purchase Dilemmas | #BorrowWisely
Blog 3 days ago
Fannie Mae Offers Help with Home-Purchase Dilemmas | #BorrowWisely
Source Ask a Lender

Many segments of potential homeowners are underserved, which means they have inadequate options when it comes to getting a home mortgage. Here’s a...

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Live Your Country Dream with a Hobby Farm Loan | #BorrowWisely
Blog 1 week ago
Live Your Country Dream with a Hobby Farm Loan | #BorrowWisely
Source Ask a Lender

Buying a farm is a big step — one that not only takes commitment, but also land and capital. Fortunately, there are quite a few accessible...

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Lenders May Be Wary About Financing Cohousing Communities | #BorrowWisely
Blog 1 week ago
Lenders May Be Wary About Financing Cohousing Communities | #BorrowWisely
Source Ask a Lender

Cohousing communities are slowly becoming more common but are still far from a mainstream housing option. Because lenders aren’t always familiar...

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Home Staging and Design: 7 DIY Tips for a Quick Sale | #BorrowWisely
Blog 1 week ago
Home Staging and Design: 7 DIY Tips for a Quick Sale | #BorrowWisely
Source Ask a Lender

If you’re on a tight budget, you can effectively stage your home yourself for a fraction of the cost of a professional. Here are seven do-it...

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How Do You Get a Loan to Buy a Houseboat? | #BorrowWisely
Blog 1 week ago
How Do You Get a Loan to Buy a Houseboat? | #BorrowWisely
Source Ask a Lender

If you are looking to join the growing houseboater fleet, it’s important to know how to prep your pocketbook so you can secure a loan. How Do You...

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How Do Rising Interest Rates Affect Monthly Mortgage Payments? | #BorrowWisely
Blog 2 weeks ago
How Do Rising Interest Rates Affect Monthly Mortgage Payments? | #BorrowWisely
Source Ask a Lender

Even the slightest increase in rates can cost you a few thousand dollars over the course of the loan. How Do Rising Interest Rates Affect Monthly...

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Scorching Housing Market Has First-Time Buyers Feeling the Heat | #BorrowWisely
Blog 2 weeks ago
Scorching Housing Market Has First-Time Buyers Feeling the Heat | #BorrowWisely
Source Ask a Lender

The sizzling housing market has buyers scrambling for homes, and that’s bad news for first-time homebuyers—and it might only get worse. Scorching...

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6 Easy Ways to Help Sell Your Home Fast This Spring | #BorrowWisely
Blog 2 weeks ago
6 Easy Ways to Help Sell Your Home Fast This Spring | #BorrowWisely
Source Ask a Lender

More people list and shop for homes during the springtime. Here are six ways to make your home stand out from the crowd through easy home...

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Tiny-House Financing: Can You Get a Mortgage for a Tiny Home? | #BorrowWisely
Blog 2 weeks ago
Tiny-House Financing: Can You Get a Mortgage for a Tiny Home? | #BorrowWisely
Source Ask a Lender

Tiny-house lending is different from lending for typical single-family houses, but it is possible to get a loan for your tiny house if you know...

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How to Get Cash Out of a Home With No Mortgage | #BorrowWisely
Blog 2 weeks ago
How to Get Cash Out of a Home With No Mortgage | #BorrowWisely
Source Ask a Lender

Homeowners with a mortgage as well as those who own their property free and clear can use the equity in their house to access cash. The loan...

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Mortgage Rate Locks: 5 Questions to Ask Before You Lock | #BorrowWisely
Blog 3 weeks ago
Mortgage Rate Locks: 5 Questions to Ask Before You Lock | #BorrowWisely
Source Ask a Lender

When you lock a rate, you have assurances that if interest rates go up, you don’t pay more than the predetermined rate and its fee. If rates go...

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The Home-Flipping Market Is on a Roller Coaster Ride | #BorrowWisely
Blog 3 weeks ago
The Home-Flipping Market Is on a Roller Coaster Ride | #BorrowWisely
Source Ask a Lender

For home flippers in the business of buying fix-and-flip homes and selling them fast, it has been the best of times and the worst of times. The...

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Utilize a Hard Money Loan on an Investment Property | #BorrowWisely
Blog 4 weeks ago
Utilize a Hard Money Loan on an Investment Property | #BorrowWisely
Source Ask a Lender

There are many reasons why a real estate investor would turn to a hard money loan for financing. Compared to banks, hard money lenders offer...

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The Complete Guide to Investing in Vacation Rentals | #BorrowWisely
Blog 4 weeks ago
The Complete Guide to Investing in Vacation Rentals | #BorrowWisely
Source Ask a Lender

One way to get started in real estate investing is through vacation rentals, which are short-term rentals typically situated in popular vacation...

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Consider the Legal Implications Before Buying a Vacation Rental | #BorrowWisely
Blog 4 weeks ago
Consider the Legal Implications Before Buying a Vacation Rental | #BorrowWisely
Source Ask a Lender

Vacation rentals are a popular real estate investment, but investors shouldn’t buy a vacation property without considering the legal implications....

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How to Finance Small-Scale Investment Properties | #BorrowWisely
Blog 4 weeks ago
How to Finance Small-Scale Investment Properties | #BorrowWisely
Source Ask a Lender

Novice investors typically have a lot more questions than answers when it comes to purchasing, renovating and then renting out or reselling a...

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Multiple Options Exist for Obtaining Commercial Real Estate Financing | #BorrowWisely
Blog 4 weeks ago
Multiple Options Exist for Obtaining Commercial Real Estate Financing | #BorrowWisely
Source Ask a Lender

There are a variety of mortgages available to fund purchases of commercial property. Some are defined by the source of the money, others by the...

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Small-Balance Lending Reaches Underserved Markets | #BorrowWisely
Blog 1 month ago
Small-Balance Lending Reaches Underserved Markets | #BorrowWisely
Source Ask a Lender

We spoke with Mark Besharaty of Hunt Mortgage Group about the state of the small-balance lending industry, and the importance of the programs...

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African-American Homeownership Rate Continues to Wobble | #BorrowWisely
Blog 1 month ago
African-American Homeownership Rate Continues to Wobble | #BorrowWisely
Source Ask a Lender

Decades of slow, steady gains around African-American homeownership rates followed the passage of the Fair Housing Act in 1968. Unfortunately, the...

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What to Consider When Investing in Elder Homes | #BorrowWisely
Blog 1 month ago
What to Consider When Investing in Elder Homes | #BorrowWisely
Source Ask a Lender

Residential assisted living facilities can be lucrative for their owners and investors. Some studies suggest that the average resident of one of...

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Should Seniors Consider Getting a New Mortgage? | #BorrowWisely
Blog 1 month ago
Should Seniors Consider Getting a New Mortgage? | #BorrowWisely
Source Ask a Lender

For some seniors and retirees, freedom from mortgage debt creates peace of mind. Others, however, may be looking to downsize to a smaller home or...

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Refinancing a Home with Less-Than-Perfect Credit | #BorrowWisely
Blog 1 month ago
Refinancing a Home with Less-Than-Perfect Credit | #BorrowWisely
Source Ask a Lender

If your financial situation has slipped since you purchased your home, you may benefit more than many people from refinancing your home mortgage to...

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Borrowers Should Be Well-Prepared When Purchasing Retail Property | #BorrowWisely
Blog 1 month ago
Borrowers Should Be Well-Prepared When Purchasing Retail Property | #BorrowWisely
Source Ask a Lender

Commercial real estate loans can be tailored to fit a wide variety of purposes and needs. There are about 3.7 million retail establishments in the...

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Is 2018 the Year to Refinance My Mortgage? | #BorrowWisely
Blog 1 month ago
Is 2018 the Year to Refinance My Mortgage? | #BorrowWisely
Source Ask a Lender

If you’ve been on the fence about refinancing your mortgage, it might be a good time to act. Interest rates are on the rise, meaning the...

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Refinancing a Timeshare: What Are the Options? | #BorrowWisely
Blog 1 month ago
Refinancing a Timeshare: What Are the Options? | #BorrowWisely
Source Ask a Lender

Nearly all loan types can be refinanced, or replaced by a new loan that typically has a different repayment term, amount and interest rate....

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Grasp the Complexities of Replacement Reserves for Multifamily Loans | #BorrowWisely
Blog 1 month ago
Grasp the Complexities of Replacement Reserves for Multifamily Loans | #BorrowWisely
Source Ask a Lender

An investor looking to obtain a multifamily loan for a property with five or more housing units should understand replacement reserves, an added...

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Consider a Ground Lease When Buying Commercial Property | #BorrowWisely
Blog 1 month ago
Consider a Ground Lease When Buying Commercial Property | #BorrowWisely
Source Ask a Lender

Ground leases, or land leases, are fairly common agreements in the commercial real estate world. They allow property investors to rent land while...

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How to Finance a Large-Scale, Mixed-Use Property | #BorrowWisely
Blog 1 month ago
How to Finance a Large-Scale, Mixed-Use Property | #BorrowWisely
Source Ask a Lender

Although they typically have residential components, such as apartments or condominiums, mixed-use properties with five or more housing units are...

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Not All Home Improvement Loans Require Equity | #BorrowWisely
Blog 1 month ago
Not All Home Improvement Loans Require Equity | #BorrowWisely
Source Ask a Lender

Home improvements can be costly endeavors. Many homeowners can use the equity in their homes to help pay for them. But what if you don’t have...

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