Home Shopping Future Military Homeowners

  • 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 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…

  • Whatever Happened To Interest?

    Whatever Happened To Interest?

    Cash is a wonderful thing. It may be true that it can't buy love or happiness, but it sure is useful when it comes to groceries, gasoline and mortgage payments. Real median household income, says the Census Bureau, reached $51,939 in 2013. That's 8 percent less than households earned in 2007, one year before the recession and housing market crash. Not only has income gone down, but expenses have increased a…

  • 4 Simple Ways to Start Your House Hunt

    4 Simple Ways to Start Your House Hunt

    https://www.youtube.com/watch?v=rzg9KAxLGFQ Interest rates and home prices are low. Your credit is in order, and you’re sick of renting. Ready to start your house hunt? Finding the perfect home can take some time, so don’t be hesitant to start your house hunt early. The typical home buyer searched for 12 weeks and viewed 10 homes, according to the National Association of Realtors (NAR). Kick off your ho…

  • Experts Discuss: Why Buying a Home in the Winter is a Smart Move

    Experts Discuss: Why Buying a Home in the Winter is a Smart Move

    Winter really can be a great time to purchase a home. Home prices tend to dip, sellers can be more motivated and the holiday spirit just makes people want to be in a home. The combination of fewer buyers and slow business also means lenders and real estate agents might compete a little harder for your business. Shopping for homes in the winter months also gives you a unique vantage point of a property. With the season in full swing, we asked a handful of credit and homebuying experts t…

  • On The Hunt for a Home: There Are Apps For That

    On The Hunt for a Home: There Are Apps For That

    Smartphone apps have become both social phenomena and useful tools with immediate accessibility. Apps aren't all fun and games, and Snapchat isn't the highest tier of smartphone apps. What's particularly unique about smartphones over other online devices is their effective use of geolocation, which allows for the targeting and tracking of your location through your phone. Your phone knows where you are, so you don…

  • The Mysterious Escrow Account Explained

    The Mysterious Escrow Account Explained

    Does the term "escrow" mean anything to you? If you're a first time homebuyer, the word may be foreign, but it'll soon become very familiar as you take steps towards homeownership. Establishing escrow accounts is a part of every VA home loan. Escrow accounts are accounts established to collect funds on a monthly basis for items such as property taxes and homeowners insurance that are due once a year. By establishing escrow accounts, the company that services your mortgage is able to collect o…