Home Shopping Future Military Homeowners

  • 5 Simple Ways to Improve Your Home and the Environment

    5 Simple Ways to Improve Your Home and the Environment

    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: Pl…

  • Is Mortgage Payment Shock Real?

    Is Mortgage Payment Shock Real?

    The past few years have seen an enormous number of foreclosures. The common wisdom has been that a leading cause of default was payment shock, a swift and sizable increase in adjustable monthly payments. Now, however, Paul S. Willen, a senior economist with the Federal Reserve Bank of Boston, says payment shock is little more than an urban myth. "Contrary to popular belief," explained Willen before a congre…

  • What To Expect From Closing Costs

    What To Expect From Closing Costs

    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? &nb…

  • Rents Rise as Housing Prices Fall: Time to Buy?

    Rents Rise as Housing Prices Fall: Time to Buy?

    No one likes paying rent. Who wants to help someone else build equity in a house? Get ready for rent to become even less enjoyable. Rents are climbing as the number of available rental units is declining, according to a report from research firm Reis Inc. At the same time, the real estate market is overflowing with “for-sale” homes at rock-bottom prices. Could it be time for you to make a home purchase?…

  • 6 Ways To Cut Utility Costs This Winter

    6 Ways To Cut Utility Costs This Winter

    As cooler weather settles in throughout much of the country, you may be wondering what kind of dent heating your home this winter will make. There are some simple, economical ways to keep costs manageable as well as to reduce your overall utility usage whether you’re in an apartment saving for a new home, spending your first winter in a new home or just trying to spend less on utilities this year in general.…

  • Negotiating Your First Home Purchase

    Negotiating Your First Home Purchase

    First time homebuyers are hit with a slew of firsts. Whether it’s picking a real estate agent or deciding what neighborhood you want to live in, the home buying process can be very daunting. Once you find an agent and the home of your dreams you may feel like the hard part is over. However, you’ll need to be prepared for the potentially grueling process of offering and negotiating before you pack up your t…

  • 4 Tips for Buying Your First Home Together

    4 Tips for Buying Your First Home Together

    You’ve completed that stroll down the aisle. Honeymoon? Done. The next big step? Buying your first home together. Buying a home with your spouse could either simplify or complicate an already tricky process. Consider these tips when buying your first home together: 1. Shop together. Shop often. When buying your first home, it’s almost impossible to spend too much time window-shopping together. G…

  • 4 Negotiating Tips to Help Homebuyers Get the Best Deal

    4 Negotiating Tips to Help Homebuyers Get the Best Deal

      Buying a home isn’t as simple as forking over a check for the list price. Real estate contracts are not “one size fits all” documents and negotiations over contract terms can become intense. Stick to the following negotiation tips to get the most out of your home purchase. 1. Learn as much as you can about the seller Understanding the seller’s motivations can be key to a successful real …

  • Will VA Borrowers Soon Need 20 Percent Down?

    Will VA Borrowers Soon Need 20 Percent Down?

    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. You can see how this is scary stuff. Homeownership is a traditional part of the American dream. Asking for 20 percent down -- includ…

  • 7 Crucial Considerations When Buying Homeowners Insurance

    7 Crucial Considerations When Buying Homeowners Insurance

    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: The house The basic function of homeowners insurance is to protect the p…