Home Shopping Future Military Homeowners

  • How Does Your DD 214 Help You to Get a VA Home Loan?

    How Does Your DD 214 Help You to Get a VA Home Loan?

    So you're ready to buy a home, and using your VA loan sounds like a smart idea. Even if you don't have a home picked out, or even know how much home you can afford, one of the first steps to using your VA benefits is determining whether you're eligible for the program. For many veterans, your DD 214 can help you get the ball rolling on the VA home loan process. Who is issued a DD 214? Only veterans of the r…

  • Save Money By Knowing the Difference Between APR and Interest Rate

    Save Money By Knowing the Difference Between APR and Interest Rate

    Understandably, many first-time homebuyers are confused when it comes to interest rates. Complicating the issue further, potential borrowers are bombarded with a lot of information, and it can become difficult for them to know when they are getting the best deal. You want to make sure you're getting all of the correct information when making one of the biggest purchases of your life. By doing so, you ensure you're…

  • Using Your VA Loan Benefit To Buy a Condo

    Using Your VA Loan Benefit To Buy a Condo

    Many service members and veterans are looking to take advantage of their VA loan benefit but aren’t quite ready to take the leap into homeownership. A condo may have amenities and benefits that better fit your lifestyle. The VA offers the same guaranty on condominium purchases as they do for traditional home loans. Veterans are offered a less vigorous application process and lenient credit requirements helping …

  • 5 Tips to Avoid Being House Poor

    5 Tips to Avoid Being House Poor

    The price of a house is perhaps one of the most crucial factors in the purchase process, though it can be all too easy to neglect its weight once the home search begins. $15,000 of cushion can become a $50,000 compromise in a matter of minutes. By determining absolute price points before you even step foot inside the first house, you can confine your interest to houses in an affordable range, making it that much …

  • Everything You Need to Know About Homeowners Insurance

    Everything You Need to Know About Homeowners Insurance

    House fires happen -- an average of about 357,000 per year -- and when they do the home and just about everything inside are damaged or destroyed. Without homeowners insurance to cover the cost of repair and replacement, the homeowner loses hundreds of thousands of dollars effectively overnight. Therefore, having homeowners insurance is probably one of the most important policies you can have. Homeowners insuranc…

  • Is Purchasing a Foreclosed Home with a VA Loan Worth the Hassle?

    The VA loan, intended to help military members secure a home, may inadvertently become a hindrance. The loan’s strict requirements, which are meant to protect the buyer, could make it difficult for service members to purchase a foreclosure. Since the collapse of the housing market, foreclosed homes have become abundant. In many areas, they represent the best deal for future homeowners. Yet, for active and retire…

  • 5 Common Reasons Homes Fail The VA Loan Appraisal

    5 Common Reasons Homes Fail The VA Loan Appraisal

    While the VA loan process consists of multiple steps, the appraisal process can prove the most frustrating for some service members. The VA utilizes a set of Minimum Property Requirements that must be addressed before a loan can receive the agency’s guarantee. Those MPRs cover a range of important things and are in place to ensure the safety and health of military home buyers. The VA wants homes to be “move…

  • Should You Save Your VA Eligibility and Go FHA?

    Should You Save Your VA Eligibility and Go FHA?

    The past few years FHA loans have been enormously popular. This is largely a byproduct of the fact that FHA financing is a known quantity; these loans have been used by more than 37 million borrowers since the 1930s. No less important, FHA financing is safe. Like VA loans, an FHA mortgage doesn't have any "gotcha" clauses that create unfair costs or surprise foreclosures. The popularity and safety of FHA fi…

  • 5 Key Reasons to Have a Home Inspection Before You Buy

    It’s easy to get swept up in the excitement of buying a new home and forget to make the important decision to have a home inspection performed before you sign the contract. Home inspections are an instrumental part of the home-buying process that can save you a lot of time and money in the long run. Remember that a home appraisal and a home inspection are not the same thing. Appraisals will not provide you wi…

  • Home Styles: Pros and Cons

    For veterans buying a home, there are a lot of components to consider: price, location, upkeep, etc. For some, the choice of house style is as simple as being “cute.” For others, it’s all about functionality. The styling of a home is important to consider due to its potential impact on the financials, sociability and comfort of your home. And what styles have better resale values could mean a lot if you're e…