Future Homeowners Page 11

  • Why Military Families Get More Mortgages

    Why Military Families Get More Mortgages

    The 2012 FHA annual report is out and it says there are a lot of VA loans. Actually, it doesn't "say" any such thing, but if you read between the lines, that's the plain message. In the fiscal year that ended Sept. 30, the FHA insured 2,575,653 loans; that's 27.2 percent of the market. The report also says that the VA guaranteed 7.4 of all new loans during the same period, or roughly 700,000 mortgages. …

  • Why VA Loans Have The Least Borrower Risk

    Why VA Loans Have The Least Borrower Risk

    The past few weeks have been a time of celebration for the Department of Veterans Affairs. The festivities are all about VA loans – since 1944 the government has insured 20 million mortgages for vets and their families. Today there are some 1.7 million VA loans outstanding and they have a market value of about $284 billion. Just in 2012 the VA has guaranteed an additional 540,000 mortgages. These are big numb…

  • After the Storm: 5 Steps to Take Once Disaster Strikes Your Home

    After the Storm: 5 Steps to Take Once Disaster Strikes Your Home

    After a major disaster strikes your home, there are several steps you need to take to make sure it's safe to return. Here are some tips for re-entering and repairing your home. Look for external damage Check foundations, roofs and chimneys for cracks or other signs of damage. Stuck doors and sagging ceilings can be indicators of structural weakness. Contact a building inspector if you spot anything concerning. …

  • DonateStuff.com Helps Veterans, Launches New Website

    DonateStuff.com Helps Veterans, Launches New Website

    Want to donate old clothes or household items to veterans and military families in need? Then look no further because DonateStuff.com has you covered. The company, which has been helping veterans and the military among other citizens in need for more than 50 years, recently launched a new website — DonateStuff.com — where you can now request pre-paid UPS shipping bags to send unwanted clothing, accessories…

  • How Sandy Survivors Can Protect Their VA Loans, Benefits and Credit

    How Sandy Survivors Can Protect Their VA Loans, Benefits and Credit

    Millions of people along the Atlantic coast have been devastated by Superstorm Sandy, a freakish weather event that has damaged or destroyed an huge-but-unknown number of homes along the Atlantic Coast, especially in New York and New Jersey. Veteran and military households in the impacted areas should take several immediate steps to protect their VA loans, benefits and credit. First, contact the Federal Eme…

  • Can You Get A VA Loan With An 8 Percent Discount?

    Can You Get A VA Loan With An 8 Percent Discount?

    When it comes to discounts, everybody would like a little bit more. That's just the way it works in commerce and business, and it's also true when it comes to VA loans. The good news is that the VA rules allow concessions and contributions which are worth as much as 8 percent of the property's appraised value. Whether a VA borrower can get some or all of such discounts depends on the bargaining process and the des…

  • How Ready are You? 6 Resources to Get You Prepped for Disaster

    How Ready are You? 6 Resources to Get You Prepped for Disaster

    As Hurricane Sandy makes landfall, many people out East and elsewhere might be asking themselves, "Am I prepared for a disaster?" Check out these guides to disaster preparedness from around the Web to make sure you have all your bases covered. Know your hazards. This general guide from MSN Real Estate describes eight of the most common disasters homeowners face and outlines best practices for getting…

  • Will Credit Score Surprises Hurt Your Mortgage Application?

    Will Credit Score Surprises Hurt Your Mortgage Application?

    It's been a busy time on the credit front for our household. Our credit score has risen during the past few months because we paid off a few bills. The result of a better credit score is not surprising, but what took us off guard was that our credit scores rose so strangely. As much as we can figure out, my score improved 5 to 16 points, depending on which credit reporting agency you use. My wife did much better: …

  • 17 Ways to Be a Great Houseguest (or Host)

    17 Ways to Be a Great Houseguest (or Host)

    Being a good houseguest or host isn't always as easy as it seems. Plans can go awry, schedules can conflict and manners can sometimes be lost. But whether you're the guest or host, you want the experience to be pleasant and memorable. Even if you know your guest or host well, it never hurts to go the extra step to ensure a smooth visit. In order to do this, planning and organization are key. Here are several t…

  • 5 Household DIY Projects to Tackle This Fall

    5 Household DIY Projects to Tackle This Fall

    As fall approaches, don’t let the shorter days and cooler temperatures keep you from tackling some important do-it-yourself projects. Check out these simple projects that let you prepare your home for winter without consuming your whole weekend. Water Heaters Cooler temperatures outside mean an increased need for warm water inside. Make sure you’re helping your water heater keep up with the demand by in…