Future Homeowners Page 16

  • 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 To-Dos as Soon as You Move In

    6 To-Dos as Soon as You Move In

    The to-do list never seems to end. When you’re settling into a new home, dozens of things need to get done. For first-time military homebuyers, this list can look daunting even when it’s missing some tasks. There are a few important but easily forgotten tasks to get done as soon as you move into your new home. Make sure you add these to your list. Insecticide If the sellers haven't it done recently,…

  • 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.…

  • 5 To-Dos Before You Renovate Your New Home

    5 To-Dos Before You Renovate Your New Home

    Sure, there can be some headache and hassle, but first-time homebuyers are often surprised to find that thrills come in bunches when purchasing a home. Veterans and service members financing a home with a VA loan experience these thrills, one of which is getting excited to make the home your own with one-of-a-kind renovations. Even when you find the house you always wanted, it’s likely you’ll want to ma…

  • Veterans Win Massive Wrongful Foreclosure Settlement

    Veterans Win Massive Wrongful Foreclosure Settlement

    Improperly foreclosed vets will get a minimum of $116,785 under a settlement between the Justice Department and the nation's largest banks. The settlement provides compensation that's more than 50 times greater than the $2,000 provided to those who lost their homes to robo-signing under the just-announced $25 billion deal between major banks and most states. The gap between the service member's agreement an…

  • Why VA Foreclosure Rates Beat FHA Loans

    Why VA Foreclosure Rates Beat FHA Loans

    The leading real estate story of the past few years has concerned foreclosures and delinquencies, but an untold story concerns the VA mortgage program and the fact that it has the lowest level of troubled loans. VA loans have had the lowest rate of foreclosure for the past 14 months and the lowest rate of serious delinquency for the past 11 months, according to the Mortgage Banker Association. Serious delinque…

  • 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…

  • Mortgage Prepayment Can Save You a Bundle

    Mortgage Prepayment Can Save You a Bundle

    There's no doubt that we live in rough economic times. It's enough to make you want to stick money in a mattress -- indeed, according to one survey that's what 27 percent of us want to do. The catch is that mattresses are a woeful investment option. Putting cash in a mattress earns no interest and if lost, stolen or destroyed is entirely uninsured. But mattresses are in some ways attractive when you look at…

  • Why You're Safer With A Government Mortgage

    Why You’re Safer With A Government Mortgage

    The government has new mortgage information and guess what? It turns out that the use of VA mortgages has more than doubled since the financial crisis began -- and that those who use VA loans have fewer foreclosures than any other group of borrowers. This is a very big deal because the foreclosure crisis would be far worse had it not been for the use of FHA and VA mortgages. Now, for the first time, we can beg…