Future Homeowners Page 4

  • 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…

  • 16 Ways to Protect Your Home While You're Gone

    16 Ways to Protect Your Home While You’re Gone

    Residential crime usually spikes during July and August as families leave for summer vacations. Before you head out, take some extra precautions to ensure your house and belongings are safe. A potential burglar looks for signs of a vacant house, but you can use these tricks to protect your home and fool anyone into thinking you're there. Here are a few things to look out for: A dark quiet house is…

  • Preventing And Handling Damaged Property During a PCS

    Preventing And Handling Damaged Property During a PCS

    Military families are called upon to make a lot of sacrifices to help keep our country safe. One of the most common and time-consuming sacrifices is moving to a new duty station. With all this moving, many military families are more likely to have property damaged or lost during the move. The National Military Family Association found that nearly 70 percent of families have had a problem with damaged goods dur…

  • Home Styles: Pros and Cons

    For veterans buying a home, there are a lot of components to consider: price, location, upkeep, etc. For some, the choice of house style is as simple as being “cute.” For others, it’s all about functionality. The styling of a home is important to consider due to its potential impact on the financials, sociability and comfort of your home. And what styles have better resale values could mean a lot if you're e…

  • Whatever Happened To Interest?

    Whatever Happened To Interest?

    Cash is a wonderful thing. It may be true that it can't buy love or happiness, but it sure is useful when it comes to groceries, gasoline and mortgage payments. Real median household income, says the Census Bureau, reached $51,939 in 2013. That's 8 percent less than households earned in 2007, one year before the recession and housing market crash. Not only has income gone down, but expenses have increased a…

  • Dress Your Home to Sell With Quick DIY Fixes

    Active duty homeowners know relocation is always lurking around the corner. A PCS can kick-start the home-selling process, and some homeowners can find themselves short on time when it comes to prepping their property. Here’s a list of some simple do-it-yourself fixes that can help get your home ready quickly and cost-effectively: Paint A fresh coat of paint is a quick and easy way to completely chang…

  • Words and Phrases House Hunters Should Know Before Diving In

    Words and Phrases House Hunters Should Know Before Diving In

    House hunting and homebuying comes with its own unique language, littered with all kinds of acronyms, words and phrases. Veterans United maintains an in-depth mortgage glossary. This short list is a good introduction: ARM - Adjustable-rate mortgages often start with a lower rate than fixed-rate mortgages, but then the interest rate is subject to change up or down based on certain factors, including the e…