Future Homeowners Page 3

  • How Does Your DD 214 Help You to Get a VA Home Loan?

    How Does Your DD 214 Help You to Get a VA Home Loan?

    So you're ready to buy a home, and using your VA loan sounds like a smart idea. Even if you don't have a home picked out, or even know how much home you can afford, one of the first steps to using your VA benefits is determining whether you're eligible for the program. For many veterans, your DD 214 can help you get the ball rolling on the VA home loan process. Who is issued a DD 214? Only veterans of the r…

  • Best Cities for Veteran Homebuyers to Live in 2017

    Best Cities for Veteran Homebuyers to Live in 2017

      Every day, U.S. military members around the world defend freedoms we often take for granted. But when their time serving our country comes to an end, these freedoms can become their greatest challenge. Finding employment and a place to call home is no easy task for the thousands of veterans who transition back into civilian life each year. That’s why Veterans United Home Loans, the nation’s leadi…

  • 6 Things You Need To Know About VA Streamline Refinancing

    6 Things You Need To Know About VA Streamline Refinancing

    Qualified VA homeowners have access to one of the simplest yet most powerful refinance options around the VA Interest Rate Reduction Refinance Loan (IRRRL). This refinance option offers homeowners some significant benefits, often with minimal paperwork and costs you can finance into the new loan. To be sure, every refinance situation is different. Talk through your specific situation with a loan officer yo…

  • Save Money By Knowing the Difference Between APR and Interest Rate

    Save Money By Knowing the Difference Between APR and Interest Rate

    Understandably, many first-time homebuyers are confused when it comes to interest rates. Complicating the issue further, potential borrowers are bombarded with a lot of information, and it can become difficult for them to know when they are getting the best deal. You want to make sure you're getting all of the correct information when making one of the biggest purchases of your life. By doing so, you ensure you're…

  • My Bank Statement Can Kill My VA Loan?

    My Bank Statement Can Kill My VA Loan?

    When you apply for a mortgage, you'll be asked for a significant amount of documentation. Lenders need to verify your employment, income and assets before determining VA loan preapproval. One document you'll provide is a full bank statement for each of your accounts. Bank statements are a window into your spending habits and ability to make sound financial choices. Your bank statement is sent to an underwriter to…

  • 5 Tips to Avoid Being House Poor

    5 Tips to Avoid Being House Poor

    The price of a house is perhaps one of the most crucial factors in the purchase process, though it can be all too easy to neglect its weight once the home search begins. $15,000 of cushion can become a $50,000 compromise in a matter of minutes. By determining absolute price points before you even step foot inside the first house, you can confine your interest to houses in an affordable range, making it that much …

  • Everything You Need to Know About Homeowners Insurance

    Everything You Need to Know About Homeowners Insurance

    House fires happen -- an average of about 357,000 per year -- and when they do the home and just about everything inside are damaged or destroyed. Without homeowners insurance to cover the cost of repair and replacement, the homeowner loses hundreds of thousands of dollars effectively overnight. Therefore, having homeowners insurance is probably one of the most important policies you can have. Homeowners insuranc…

  • PCSing Military Homeowners Get New Short Sale Protections

    PCSing Military Homeowners Get New Short Sale Protections

      Prior to the Federal House Finance Agency's (FHFA) announcement of Short Sale Assistance in June 2012, borrowers forced to move as a result of military order had to be delinquent to qualify for a short sale. With a "short sale" a borrower wants to sell a home but the value of the property is less than the remaining mortgage balance. In theory the borrower could sell the home and bring the unpaid mort…

  • Using a VA Loan to Buy a Newly-Built Home

    With the housing market still in the throes of its dramatic slump, this year could be a great opportunity to snatch up a newly-built home with a VA loan. Buying new construction carries its risks, however. Knowing  how VA loans work is the first step toward getting the home of your dreams, and if you’re worried about your credit, Veterans United’s Lighthouse program can help you get on the right track. Her…

  • Is Purchasing a Foreclosed Home with a VA Loan Worth the Hassle?

    The VA loan, intended to help military members secure a home, may inadvertently become a hindrance. The loan’s strict requirements, which are meant to protect the buyer, could make it difficult for service members to purchase a foreclosure. Since the collapse of the housing market, foreclosed homes have become abundant. In many areas, they represent the best deal for future homeowners. Yet, for active and retire…