You can get a reverse mortgage while in Chapter 13 bankruptcy, but it’s not easy. You’ll need court approval, cooperation from your trustee, and a lender willing to work with someone in active bankruptcy. Every step must fit within your repayment plan and protect your creditors’ interests.
Can You Do Reverse Mortgage While in Chapter 13 Bankruptcy? Read More »
you can’t use a residential mortgage to buy a fully commercial property. These loans are meant for homes, not offices, shops, or warehouses. However, there are exceptions
Can You Get a Residential Mortgage on a Commercial Property? Read More »
Yes, you can get a mortgage on a fixed-term contract, although it often involves more complexity than applying with permanent employment. The main challenge lies in how lenders perceive income stability. Fixed-term contracts typically last six to twelve months. It is commonly found in fields like education, healthcare, and information technology, which are often viewed
Can You Get a Mortgage on a Fixed-Term Contract? Read More »
Mortgage modifications are not a credit death sentence. For many homeowners facing financial hardship, they provide a way to keep their homes while regaining control of their finances. While modifying your loan can impact your credit score, the effect is not always severe and certainly not permanent. Credit bureaus and lenders have introduced special reporting
Does a Mortgage Modification Hurt Your Credit? What You Need to Know Read More »
Many homeowners wonder if they can rent out their house while still paying a mortgage. Most mortgage contracts limit your ability to rent out the home without approval. Lenders typically expect borrowers to reside in the property and include clauses to enforce this requirement. Local housing laws also apply, no matter what your mortgage says.
Can You Rent a Mortgaged House? Read More »
A mortgage company must follow the deadlines in your contract. If it fails to meet those deadlines, it may be in breach of contract. This can happen if the lender delays loan approval, closing, or funding. These delays often lead to real financial harm. You might lose a home, pay higher interest, or miss rental
Can You Sue a Mortgage Company for Taking Too Long? Read More »
Debt consolidation loans can help borrowers manage their finances by replacing multiple high-interest debts with a single, structured payment. While this can simplify repayment and reduce monthly costs, it also affects two major factors lenders evaluate during a mortgage application: credit score and debt-to-income (DTI) ratio. In the short term, applying for a consolidation loan
Does a Debt Consolidation Loan Affect Getting a Mortgage? Read More »
Can I get a mortgage after a trust deed? It’s a question many people ask after completing a trust deed. The process can feel overwhelming. The impact on your credit report may make homeownership seem out of reach. The answer is yes, but with conditions. Time must pass after your trust deed ends. Most lenders
Can You Get a Mortgage After a Trust Deed? Read More »
If you’ve been watching your savings grow slowly in a traditional account, now’s the time to reconsider. Some of the best high-yield savings accounts in the U.S. are offering up to 5.00% APY as of June 13, 2025 — a rate that significantly outpaces the national average of just 0.41%. Whether you’re building an emergency
Best High-Yield Savings Accounts Offering Up to 5% APY (June 13, 2025) Read More »
NatWest has lowered selected fixed mortgage rates for both new and existing customers, bucking a broader trend where some lenders have increased borrowing costs. The move comes amid rising swap rates and global economic uncertainty, including inflation concerns sparked by renewed conflict in the Middle East. The rate cuts from NatWest include two- and five-year
NatWest Cuts Fixed Mortgage Rates Amid Broader Market Volatility Read More »
