Future Military Homeowners
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Few people use the term “sequestration,” and, until a few weeks ago, it was a word rarely seen in print. But now it has become the word of the hour, because sequestration has the potential to hurt military households.
To understand what’s going on and how you might be affected we need a little background. This is the political season, so everything in Washington is an issue. One of the biggest issues concerns the federal budget and how to cut spending, raise revenue or both.
First-time homebuyers are often shocked when they discover that the list price isn’t exactly what a new home will end up costing.
Securing a home loan comes at a price beyond the loan amount. That price comes in the form of closing costs, which are fees and charges you pay in order to obtain a purchase or refinance loan.
But what exactly are closing costs and how will they affect your purchase?
There’s a big debate in lending centered on how much borrowers should know. You’ll be happy to learn that borrowers are winning — and that a new round of clarity is likely to soon begin.
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There’s a big mortgage debate in Washington and vets are very much in the middle. The question is whether home loans should require at least 20 percent down.
Under new Wall Street Reform rules enacted last year in Washington borrowers in some cases will need 20 percent down.
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November 11 was just another day of the year.
That was until an end to hostilities, an armistice, took effect between the Allied Powers and Germany on Nov. 11, 1918 on the 11th hour of the day. Although no country signed the Treaty of Versailles until June 1919, officially ending World War I, the day of the armistice marked the end of WWI combat.
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The challenges of maintaining a secure hold on one’s financial responsibilities are heightened during periods of active duty.
Mortgage payments in particular can become a significant hurdle. But active duty and recently discharged service members are protected from a host of civil and financial penalties thanks to a unique law.
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