Future Homeowners Page 13

  • 3 Warning Signs of Expensive Fixes

    3 Warning Signs of Expensive Fixes

    The home shopping process can be long and daunting. Seeing several homes in a single day may wear you out but don’t let it keep you from paying attention to the details and looking for some warning signs telling you to move on to the next home. Things like foundation problems, mold and termite damage are sometimes difficult to spot but incredibly expensive to repair. Rather than spend a couple hundred bucks …

  • VA Benefits Are Safe — For Now

    VA Benefits Are Safe — For Now

    Pension worries are a growing issue for workers nationwide. Many states, counties and cities want to slash costs and are seeking to reduce government pension benefits. At the federal level, a process called "sequestration" is set to reduce spending in the name of "small government," an approach that could slash VA benefits unless modified and monitored. Speaking in Reno this week before the Veterans of Foreign Wars,…

  • 2 Snags That Could Hurt Your Chances for a VA Loan

    2 Snags That Could Hurt Your Chances for a VA Loan

    Veterans benefits have been around for decades, but there's no promise that everyone with military service can actually get VA loans. This may seem fairly odd given that VA loans are one of the most important benefits offered to whose who serve. However, it is a fact that access to VA home financing is neither guaranteed nor automatic. As the VA explains, it "cannot compel a lender to make a loan that wou…

  • Myth Busting Home Renovation Shows

    Myth Busting Home Renovation Shows

    According to a 2009 HUD Survey, the median age of a home in the United States sits at 36 years, so it’s no surprise that home renovation is a huge market. Ever since the incredibly popular show Trading Spaces hit TV viewers back in 2000, networks have been capitalizing on the remodeling craze to create dozens of shows aimed at younger audiences. No matter how many remodeling shows crop up, the renovations ar…

  • What Lower Rates Mean To VA Loan Borrowers

    What Lower Rates Mean To VA Loan Borrowers

    The last 2011 weekly rate report is out from Freddie Mac and it's more than interesting: A fixed-rate, 30-year loan was priced at 3.95 percent. That's not the lowest rate for the year (the week before the rate was 3.91 percent, the lowest rate on record) but it's a steep decline from the 4.86 percent that closed out 2010 and by the standards of the past 50 years it's a remarkable bargain. The fact that there are l…

  • Add Curb Appeal with 6 Simple DIY Projects

    Add Curb Appeal with 6 Simple DIY Projects

    An all-too-common problem with moving into a new neighborhood is that all the homes look alike. The easiest way to make your home stand out from the rest is to dress up your yard with a little curb appeal. Contrary to popular belief, curb appeal doesn’t mean spending thousands of dollars on professional landscaping. Some of the biggest changes can come from simple weekend warrior projects. Front Door Make…

  • 3 Options for Upside-Down Mortgages in the Military

    3 Options for Upside-Down Mortgages in the Military

    The housing crash of 2008 combined with high unemployment rates and the transient military lifestyle has left far too many service members facing upside-down mortgages, where homeowners owe more than the home is worth. Military homeowners, like all others, should start with their lender or servicer to see what help might be available. They can also explore their eligibility for the government's Making Home Aff…

  • Is the Foreclosure Crisis Killing Home Appraisals?

    Is the Foreclosure Crisis Killing Home Appraisals?

    Have appraisals gone bad? According to the nation's home builders that may well be the case. "The inappropriate use of distressed and foreclosed sales as comparables in determining new home values is needlessly driving down home prices, killing home sales, causing more workers to lose their jobs and delaying a housing and economic recovery,” said Bob Nielsen, chairman of the National Association of Hom…

  • Remodeling Remains Popular for Thrifty Homeowners

    Remodeling Remains Popular for Thrifty Homeowners

    A recent survey of homeowners conducted by the National Association of Home Builders revealed some interesting statistics about what people are remodeling and why over the past year. It seems the mindset of a homeowner in 2012 may be different than those just a few years ago when it comes to remodeling. Top Remodels 78 percent of remodelers reported remodeling their bathrooms, and 69 percent were planning on …

  • Good Real Estate Agents Make Life Easier for Military Homebuyers

    Good Real Estate Agents Make Life Easier for Military Homebuyers

    Finding a real estate agent is as simple as picking a name out of the phone book. Finding a GOOD agent is a bit harder. And finding a GOOD agent with VA loan experience can be even more challenging. Challenging as it may be, it’s essential for military buyers to locate an agent with knowledge of the VA loan program and its unique requirements. Agents who are familiar with VA protocol can save borrowers…