Future Homeowners Page 17

  • 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 …

  • The New World of Cheaper Closing Costs

    The New World of Cheaper Closing Costs

    There's a big debate in lending centered on how much borrowers should know. You'll be happy to learn that borrowers are winning -- and that a new round of clarity is likely to soon begin. To understand what's going on consider the simple Good Faith Estimate of closing costs. The GFE shows what you should expect to pay for your loan. The current form was introduced in January 2010 after 14 years of arguing and a ma…

  • Adjustable or Fixed -- Which Loan Is Best For You?

    Adjustable or Fixed — Which Loan Is Best For You?

    In recent months mortgage rates have plummeted and plunged to depths rarely seen. "Fixed-Rate Mortgages Lowest on Record," said a recent Freddie Mac news release. If you're a borrower the news on the mortgage front has only been good. There can't possibly be a mortgage shortage when rates are in the dumper -- low rates have to mean the supply of cash is outstripping loan demand. The catch is that not a…

  • 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…

  • 3 Simple Ways to Let a Credit Card Ruin Your Credit Score

    3 Simple Ways to Let a Credit Card Ruin Your Credit Score

    A major concern for military families is their credit. Although there are other ways to bolster your credit score, 91 percent of military respondents to a 2010 FINRA Investor Education Foundation study said they had at least one credit card. When used responsibly, credit cards can help boost your credit score and provide financing breathing room for military families. But misusing credit cards can do the opposi…

  • 5 Ways the Servicemembers Civil Relief Act (SCRA) Can Help Military Families

    5 Ways the Servicemembers Civil Relief Act (SCRA) Can Help Military Families

    When soldiers receive their deployment orders, they know they will have to step up and perform any challenge they encounter. If military spouses get their power of attorney papers, they do the same on the home front. Emotional stress and interruptions in family structure are expected, but financial struggles during a deployment may come as more of a surprise and prove tough to handle. And that’s where a unique …

  • 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…

  • What Military-Friendly Real Estate Agents Can Do For You

    What Military-Friendly Real Estate Agents Can Do For You

    No matter where you decide to move, a real estate agent will be ready to help you select and buy your home. But simply having a fancy card and Yellow Pages listing does not mean he or she knows and meets the needs of a military family in transition. Worse yet, prospective military homeowners may struggle to find a military-knowledgeable realtor in an area that lacks a military installation. With help from Veterans Un…

  • Roundup: What’s Hot on Future Military Homeowners

    Twice a month, we'll do a roundup of the most popular stories on Future Military Homeowners and toss them all together for you. So, if you missed an article or two or haven't been by in a while, here's what you missed: We took a look at the history of the Veterans Day holiday: "With Veterans Day upon us, now is the time to thank veterans for all they’ve done. Veterans Affairs has also worked to repay and reco…

  • Four Tips to Avoid Moving Scams

    Four Tips to Avoid Moving Scams

    Only scammers lack the scruples to take military families’ possessions. Moving companies scam military families by loading up everything they intend to move to their new home, and then demanding a higher price than they’d quoted for the military family’s goods to be delivered. As nice as it’d be for every scammer to get caught, it just won’t happen. Here are some steps you can take to ensure you …