Scammers can get crafty.
The unscrupulous people who design schemes that scam homeowners approaching foreclosure don’t need high-tech resources. Mortgage modification scammers find their prey by looking at foreclosure notices on the Internet, in local periodicals and public files.
VA home loans have the lowest default rate on the market. But military homeowners aren’t immune to default. Here’ a look at some of the ways to spot mortgage modification scams:
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Selling a house with a messy interior or unkempt exterior isn’t easy. No matter how sturdy, secure or cozy a house is, it needs to look nice to draw attention and get offers from prospective buyers. When military families are on the move, staging the home for open houses can become an afterthought.
Follow these tips to ensure your home is ready to show.
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In the end, the home will be yours.
But until the sale is complete and closing papers get signed, a host of people will help you use your VA home loan benefits to purchase a home.
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Even before you finance your dream home with a VA loan, you’re entitled to think about some of the changes you want to make around the house. Not every military homebuyer settles into a home that fulfills expectations down to the last detail.
Whether it’s the landscape you plan to alter or the interior décor, here are some environmentally friendly things to do that also benefit you as a homeowner:
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Active military members nationwide are still tweaking budgets and otherwise dealing with adjustments to Basic Allowance for Housing rates that took effect at the beginning of the year.
Basic Allowance for Housing rates increased by 2 percent on average. Subject to change annually, these housing allowances vary depending on several factors, including geography, rank and family size. Service members considering a home purchase can use BAH to cover part or all of their monthly mortgage obligations.
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The to-do list never seems to end.
When you’re settling into a new home, dozens of things need to get done. For first-time military homebuyers, this list can look daunting even when it’s missing some tasks.
There are a few important but easily forgotten tasks to get done as soon as you move into your new home. Make sure you add these to your list.
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Sure, there can be some headache and hassle, but first-time homebuyers are often surprised to find that thrills come in bunches when purchasing a home.
Veterans and service members financing a home with a VA loan experience these thrills, one of which is getting excited to make the home your own with one-of-a-kind renovations.
Even when you find the house you always wanted, it’s likely you’ll want to make a few changes. But here are some suggestions to consider before you dive headfirst into a handful of projects.
House hunting and homebuying comes with its own unique language, littered with all kinds of acronyms, words and phrases.
Veterans United maintains an in-depth mortgage glossary. This short list is a good introduction:
A major concern for military families is their credit.
Although there are other ways to bolster your credit score, 91 percent of military respondents to a 2010 FINRA Investor Education Foundation study said they had at least one credit card.
When used responsibly, credit cards can help boost your credit score and provide financing breathing room for military families. But misusing credit cards can do the opposite.
Here’s a look at three ways consumers misuse credit cards and wind up damaging their credit reports:
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Purchasing a home often marks the beginning of a lifetime investment for military homeowners.
Once you own a home, you need to ensure that it’s protected with adequate homeowners insurance.
Above all else, don’t assume that your insurance covers a particular defect or issue. Your homeowners insurance should include the following:
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