The Future Military Homeowner Primer Future Military Homeowners

  • The Best Tools for Your Home Toolbox

    The Best Tools for Your Home Toolbox

    One of the joys of renting is never having to fix a leaky faucet or hang a sheet a drywall. A call to the landlord typically takes care of most households fixes. Becoming a homebuyer means inheriting the title of landlord. First-time homebuyers can be caught flat-footed by the transition, but you don't need to be a home improvement genius to tackle many day-to-day fixes. A great place to start is by assembling…

  • 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…

  • 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…