Future Homeowners Page 21

  • 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 in…

  • 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…

  • How Does the Service Member Civil Relief Act Benefit Homeowners?

    The challenges of maintaining a secure hold on one’s financial responsibilities are heightened during periods of active duty. Mortgage payments in particular can become a significant hurdle. But active duty and recently discharged service members are protected from a host of civil and financial penalties thanks to a unique law. Explaining the SCRA The Service Member’s Civil Relief Act was established to in…