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4 Questions to Ask When Evaluating Fix-and-Flip Deals | #BorrowWisely
Blog 5 months ago
4 Questions to Ask When Evaluating Fix-and-Flip Deals | #BorrowWisely
Source Ask a Lender

Fixing and flipping houses has become increasingly popular as a way for new investors to get started in the real estate business. Reality TV shows...

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Vacation Overload? Consider These Options for Selling Your Timeshare | #BorrowWisely
Blog 5 months ago
Vacation Overload? Consider These Options for Selling Your Timeshare | #BorrowWisely
Source Ask a Lender

If you financed the purchase of a timeshare property, but are no longer willing or able to make the costly loan payments or annual maintenance fees...

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LGBTQ Homebuying Increases, but Discrimination Persists | #BorrowWisely
Blog 5 months ago
LGBTQ Homebuying Increases, but Discrimination Persists | #BorrowWisely
Source Ask a Lender

Same-sex couples have the legal right to marry and buy a home together in every state in the nation, but in more than half of those states, married...

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A Guide to Buying a House for Unmarried Couples | #BorrowWisely
Blog 5 months ago
A Guide to Buying a House for Unmarried Couples | #BorrowWisely
Source Ask a Lender

As cohabitation becomes more common, unmarried millennial couples are increasingly overlooking rentals in favor of buying homes together. Some 15...

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Building Your Own House Presents Multiple Challenges | #BorrowWisely
Blog 6 months ago
Building Your Own House Presents Multiple Challenges | #BorrowWisely
Source Ask a Lender

For most people, building their own home means hiring a licensed general contractor to build a home for them. They may actually select and purchase...

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What You Should Know Before You Rent Your Home | #BorrowWisely
Blog 6 months ago
What You Should Know Before You Rent Your Home | #BorrowWisely
Source Ask a Lender

You may have an extra room in your home and are looking for a little supplemental income. You may be about to move into a new house, but are...

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Carrington's Brousseau: New Program to Help Underserved Borrowers | #BorrowWisely
Blog 6 months ago
Carrington's Brousseau: New Program to Help Underserved Borrowers | #BorrowWisely
Source Ask a Lender

Carrington Mortgage Services is one of a growing number of lenders that are trying to target the so-called nonprime market―or borrowers who are...

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7 Ways to Pay for Any Remodeling Project | #BorrowWisely
Blog 6 months ago
7 Ways to Pay for Any Remodeling Project | #BorrowWisely
Source Ask a Lender

Remodeling a kitchen or bathroom can breathe new life into your home. Or, if you’re looking to sell your home, a strategic remodel can help you woo...

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Getting Started in Multifamily Requires Cash and Some Math Homework | #BorrowWisely
Blog 6 months ago
Getting Started in Multifamily Requires Cash and Some Math Homework | #BorrowWisely
Source Ask a Lender

The U.S. multifamily-property market is big. It also is a market that attracts a lot of relatively small investors taking their first crack at...

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What Is High-Volatility Commercial Real Estate? | #BorrowWisely
Blog 6 months ago
What Is High-Volatility Commercial Real Estate? | #BorrowWisely
Source Ask a Lender

Not all commercial real estate loans are the same. If you’re interested in borrowing money from a federally regulated lender—including a national...

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Medical Office Buildings Serve a Healthy Market Niche | #BorrowWisely
Blog 6 months ago
Medical Office Buildings Serve a Healthy Market Niche | #BorrowWisely
Source Ask a Lender

Medical office buildings are a special class of office real estate. People often think of these buildings as the homes of doctors’ offices, but the...

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Programs That Help Veterans Save Money When Buying a Home | #BorrowWisely
Blog 6 months ago
Programs That Help Veterans Save Money When Buying a Home | #BorrowWisely
Source Ask a Lender

If you’ve taken advantage of the U.S. Department of Veterans Affairs (VA) loan program, you’re probably aware of the perks available to help U.S....

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What You Need to Know Before Buying a House in 2018 | #BorrowWisely
Blog 6 months ago
What You Need to Know Before Buying a House in 2018 | #BorrowWisely
Source Ask a Lender

Is 2018 the year for you to buy a house? It could be, but it’s never a good idea to jump into the housing market blind. It pays to do some research...

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Office Property Purchase Loans Are Available, but Not Easy to Get | #BorrowWisely
Blog 6 months ago
Office Property Purchase Loans Are Available, but Not Easy to Get | #BorrowWisely
Source Ask a Lender

Office properties are a mainstream commercial real estate type, and many lenders do offer loans for purchasing office buildings. As with other...

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Understanding Underwriting Can Help to Smooth the Loan Process | #BorrowWisely
Blog 6 months ago
Understanding Underwriting Can Help to Smooth the Loan Process | #BorrowWisely
Source Ask a Lender

The factors lenders use in their underwriting decisions are more straightforward than you might think. The emphasis on particular categories may...

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Should You Fix and Flip, or Buy and Hold? | #BorrowWisely
Blog 6 months ago
Should You Fix and Flip, or Buy and Hold? | #BorrowWisely
Source Ask a Lender

A basic decision to make if you are entering the real estate investment business is determining just what type of investor you want to be. Will you...

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Senior Housing Is a Tough yet Rewarding Market | #BorrowWisely
Blog 6 months ago
Senior Housing Is a Tough yet Rewarding Market | #BorrowWisely
Source Ask a Lender

The numbers—in terms of population demographics and potential financial return—make senior housing a tempting sector, but it's a complicated and...

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Loan Programs Promote Energy-Efficient Apartment Developments | #BorrowWisely
Blog 6 months ago
Loan Programs Promote Energy-Efficient Apartment Developments | #BorrowWisely
Source Ask a Lender

Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) that finance multifamily loans, each offer loan programs designed to aid...

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 How to Get a Loan for Speculative Building | #BorrowWisely
Blog 6 months ago
How to Get a Loan for Speculative Building | #BorrowWisely
Source Ask a Lender

Fix-and-flips may be the darlings of the real estate investment world, but they are far from being the only strategy for making solid returns in...

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Jumbo Loans: What Are They and How Do I Qualify? | #BorrowWisely
Blog 6 months ago
Jumbo Loans: What Are They and How Do I Qualify? | #BorrowWisely
Source Ask a Lender

When shopping for a home, it may seem like every property you see is expensive. There are federal rules for what is considered high cost, however....

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What Is Commercial PACE Financing? | #BorrowWisely
Blog 6 months ago
What Is Commercial PACE Financing? | #BorrowWisely
Source Ask a Lender

Improving the energy efficiency of commercial property can drastically reduce utility bills. The initial investment to execute such upgrades is a...

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Buying a Home in 2018 Is All About the Timing | #BorrowWisely
Blog 6 months ago
Buying a Home in 2018 Is All About the Timing | #BorrowWisely
Source Ask a Lender

If you’ve thought about buying a house in 2018, you’ve probably also wondered how you can get a great deal on a house. Timing is the one facet of...

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Purchasing an Investment Property Can Be an Expensive Proposition | #BorrowWisely
Blog 6 months ago
Purchasing an Investment Property Can Be an Expensive Proposition | #BorrowWisely
Source Ask a Lender

If you're thinking about purchasing a home as an investment—either to flip it for a quick payoff or to rent it out for a steady income stream—you...

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How to Finance and Live in a Two-Family Home | #BorrowWisely
Blog 6 months ago
How to Finance and Live in a Two-Family Home | #BorrowWisely
Source Ask a Lender

Have you ever thought about becoming a landlord? If you’re looking to buy a home to live in, consider purchasing a two-family home, also known as a...

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All in the Family: the Growing Trend of Multi-Generational Housing | #BorrowWisely
Blog 6 months ago
All in the Family: the Growing Trend of Multi-Generational Housing | #BorrowWisely
Source Ask a Lender

The “family home” isn’t what it used to be. It’s evolved beyond mom and dad and 2.5 kids living in a quaint two-bedroom cottage. Today’s family...

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4 Reasons Veterans Should Apply for a VA Loan First | #BorrowWisely
Blog 6 months ago
4 Reasons Veterans Should Apply for a VA Loan First | #BorrowWisely
Source Ask a Lender

Homebuyers have many choices when shopping for the right mortgage, but the nation’s veterans usually have an extra option. Military service members...

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Equity Loans Lose Tax Advantages but Still Have a Role for Homeowners | #BorrowWisely
Blog 6 months ago
Equity Loans Lose Tax Advantages but Still Have a Role for Homeowners | #BorrowWisely
Source Ask a Lender

One of the benefits of owning a home is the ability to borrow against the equity for cash to consolidate debt, make home renovations or pay college...

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What Does Tax Reform Mean for Real Estate Investors? | #BorrowWisely
Blog 6 months ago
What Does Tax Reform Mean for Real Estate Investors? | #BorrowWisely
Source Ask a Lender

The tax rules changed for many real estate investors and landlords with the passing of the federal Tax Cuts and Jobs Act. To avoid surprises when...

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Lighten Your Tax Burden with a 1031 Exchange | #BorrowWisely
Blog 6 months ago
Lighten Your Tax Burden with a 1031 Exchange | #BorrowWisely
Source Ask a Lender

If you sell an investment property, the proceeds are subject to capital-gains taxes. One way to defer those taxes is through what’s called a 1031...

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Buying a Home? Here’s How the Tax Cuts and Jobs Act Impacts You | #BorrowWisely
Blog 6 months ago
Buying a Home? Here’s How the Tax Cuts and Jobs Act Impacts You | #BorrowWisely
Source Ask a Lender

Homeowners have long enjoyed substantial tax advantages allowing for mortgage interest, property tax and other costs to be written off their tax...

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