Future Homeowners Page 19

  • 6 Things to Look For When Choosing a Neighborhood

    When you're looking to buy a home, it's important to find a good neighborhood. Not only will the quality of the neighborhood make living in your home more enjoyable and worry-free, it will help the value of your home appreciate more quickly, giving you a higher return on your investment when you decide to sell. Landscaping and Topography The things to look for here are quality and variety. You don't want unsightly …

  • A Smaller Home Could Mean Big Savings

    A Smaller Home Could Mean Big Savings

    From cars to computers, a new trend is sweeping American consumers: Smaller is better. And homes are no exception, with less square footage helping meet goals ranging from financial frugality to environmental friendliness. So if you're looking to save money or just have a smaller ecological footprint, here are five ways a smaller home could save you money. Initial cost A larger home means a bigger down…

  • 5 Reasons to Use a Real Estate Agent

    Buying your first home can be an exciting time in your life, but it can quickly become confusing and frustrating if you aren't careful about selecting a home, vetting the property and signing on the correct dotted lines. You wouldn't strike out for the summit of Mount Everest on your own, and you certainly wouldn't hop in your Jeep and take off across the Saharan wilderness with just a map and a pair of binoculars…

  • The Future Military Homeowner Primer: Mortgage Points

    Mortgage lenders charge borrowers points as a part of the home-purchasing process. A point is a fee equal to 1 percent of the loan amount. So, for a 30-year fixed-rate $100,000 mortgage, one point would cost $1,000. There are two kinds of points: origination points and discount points. Origination points are charged by the lender and cover the cost of making the loan. For a VA loan, the origination fee is capped at…

  • Home Buying Money-Saver: Plan for the Long Run

    In an age of instant gratification, it may be hard to plan for the long-term when buying a house. When signing a 30-year mortgage on a house, however, it can be a good idea to take your time. By considering certain details during the buying process, you may pay more up front, but save big bucks over time.   Using an Agent Real estate agents often have an inside scoop on houses for sale, killer deals and an…

  • Military Clauses Can Be a Renter’s Lifeline When Duty Calls

    Military Clauses Can Be a Renter’s Lifeline When Duty Calls

    Signing a lease or a rental agreement typically means you’re committing yourself to a house for a non-negotiable amount of time. Deciding to leave before the lease expires tends to trigger a financial penalty, and sometimes it’s a steep one. So what happens when you’re in the military and a PCS or deployment calls you away? Perhaps you can get out of the agreement, but can your spouse? The Servicemembe…

  • Moving Tips that Save You Money

    Military life is spent on the move. Service members are typically transient, spending a few years in one location before packing up to head to a new installation. Moving can be an exciting time, but every decision is linked directly to time, effort and, of course, money. Here are some moving tips that can help maximize your budget and your sanity: Preparing for Move Hiring a moving company six weeks i…

  • The Future Military Homeowner Primer: Rate Locks

    Mortgage rates constantly rise and fall, and rarely more swiftly than right now. Dan Green of The Mortgage Reports estimates that rates changed every 3 hours, 23 minutes during the month of June. If you're in the market for a mortgage or in the process of obtaining one, fluctuating rates can make a big difference in how much you'll pay on your loan. A spike in mortgage rates during the time it takes to close your lo…

  • Americans Still View Homeownership as Part of American Dream

    Despite concerns regarding the overall health of the housing market, a large majority of the American public believes owning a home is an important part of the American dream, according to a recent poll by The New York Times and CBS. Respondents also indicated a greater interest in government assistance for people struggling to make mortgage payments than for people who have been without a job for many months. Near…

  • 6 Common Mortgage Mistakes to Avoid

    Stepping into the mortgage process can be daunting for anyone. For many, it seems filled with thousands of forms, terms that are hard to understand, and lots of people who know more than you do and want to take all of your money. But it doesn't have to be like that. The first step to making the mortgage process one that works for you is research. Familiarize yourself with terms, know what to watch out for, and go sl…