Future Homeowners Page 10

  • Are VA Benefits Vulnerable In Washington?

    Are VA Benefits Vulnerable In Washington?

    When 2012 ended, everyone celebrated 2013 with some joy because a planned government shutdown on Jan. 2 was averted. Unlike a natural disaster, the looming threat of a sudden decline in government spending was not a surprise. It had actually been worked out by Congress in legislation passed last August to create a process called “sequestration.” Under this plan, there would be huge, automatic and instant spend…

  • Get A Home Energy Audit Now (Or Pay For It Later)

    Get A Home Energy Audit Now (Or Pay For It Later)

    Increasing our energy efficiency on a personal level has been a hot topic over the past few years. One of the best ways to do this is ensure that your house is running as green as possible to save you money, conserve energy and make your home more efficient. Better yet, many municipalities, including on-base housing groups, offer free programs to help you cut out energy waste. So what are you waiting for? G…

  • Before You Build Out: The Hidden Cost of Home Additions

    Before You Build Out: The Hidden Cost of Home Additions

    One of the biggest perks of homeownership is the ability to mold the home to your liking. Repainting the walls, getting a few accent pieces to decorate the entrance, adding a rug or two or other home additions can all work wonders for your living space. But if you have a larger remodeling project in mind, you might want to consider whether its future payoff justifies the money invested. An important cost many home…

  • VA Loan Terms Stop at 30 Years. Here's Why

    VA Loan Terms Stop at 30 Years. Here’s Why

    You can get a VA loan for 30 years, and you can get a VA mortgage for 15 years, but you can't get VA financing for 40 years. What's up with that? Until the past few days, you might have gotten a non-VA mortgage with a 40-year-term, but that's no longer possible under new rules just issued by the federal government. From this point forward, the longest new home mortgage is effectively limited to 30 years. It's n…

  • Eye On The Prize: 5 Ways to Celebrate Your New Home

    Eye On The Prize: 5 Ways to Celebrate Your New Home

    When navigating the tricky waters of buying your first home, it’s easy to forget exactly what is so great about homeownership. Instead of living in a rental house, now you can pull off all of the daring home renovation projects you've wanted. You can come home knowing that this is your home, and it will stay like that. And when you accomplish a great goal, one of the best things to do is to celebrate. What are s…

  • What Does the Fiscal Cliff Deal Mean fo VA Borrowers?

    What Does the Fiscal Cliff Deal Mean fo VA Borrowers?

    After months of debate and political jousting, the fiscal cliff debate has now ended, and the results look like this. First, from a real estate and mortgage perspective, VA and military families did well. Second, the debates aren't over. For the typical household with a VA loan, the debate results found in the American Taxpayer Relief Act of 2012 (H.R. 8) look like this: The Mortgage Interest Deduc…

  • How to Keep Your Cool: Fire Safety Tips for Winter

    How to Keep Your Cool: Fire Safety Tips for Winter

    Winter is here, and it's a time for building snowmen, drinking hot cocoa and sitting in front of the fireplace. Because it's cold outside, heating up some soup on the stove, turning on the heat in your house and letting a fire crackle in the fireplace are ideal remedies for bone-chilling weather. But with all the extra needs to create warmth during the winter, fire and heat will be used much more than during summe…

  • Why Cash is King in VA Loans

    Why Cash is King in VA Loans

    One of the great curiosities of the VA loan program is that you can get a mortgage with little or no cash. The VA allows lenders to make loans with no money down, a huge cash savings for qualified borrowers. In the usual case VA borrowers only need cash for closing costs and points or any difference between the loan amount and the purchase price. VA loans without cash are a practical reality in situations where a …

  • Winterize Home Decor With Wool

    Winterize Home Decor With Wool

    We all know winter is coming when the days grow shorter and the temperature falls. With that in mind, homeowners may be looking for a way to transition their home decor from the hot afternoons of summer to the cold nights of winter. A great way to add warmth is with wool and other soft fabrics. Not only will these help keep you warm, they’ll give your home that cozy winter look. Check out our ideas for winterizi…

  • Why Have Fixed VA Loans Become So Popular?

    Why Have Fixed VA Loans Become So Popular?

    It used to be that adjustable rate mortgages (ARMs) were a big part of the mortgage marketplace, but in recent years their use has tumbled to the point where sightings are rare. The VA says that in fiscal 2012 it guaranteed 539,884 loans. Of that number just 555 were adjustable-rate mortgages. That's about one-tenth of 1 percent. So what happened to VA ARMs? The use of ARMs became widespread with the pas…