Deciding whether to buy a home or to continue to rent can be a difficult decision. Fortunately, veterans and military families have a unique and powerful homebuying option, the VA Home Loan program. The VA Loan offers tremendous advantages, including quickly building equity in a home without the deterrent of a downpayment.
Making the determination to buy is often the biggest hurdle for would-be-homebuyers. Fortunately, now is still a great time to buy--though with interest rates projected to rise as the year goes on, time may be of the essence.
In addition to getting in while it's still a buyers' market, homebuying is also one of the best investments anyone can make. When you own your home, your monthly mortgage payment goes toward building equity. Equity is simply the amount of money that you can get back if you were to sell your home at a later date.
Unlike buying however, the money used for rent is money that goes directly to your landlord and provides no long-term value. If you're paying for housing regardless, the ideal option is the one that lets you keep your hard earned income. The VA Loan makes it even easier to invest in your future by building home equity.
To learn more about the benefits of buying a home versus continuing to rent, call 1-800-884-5560 to speak with a licensed loan officer in your state who can examine your unique financial situation and help you determine if the VA Loan is right for you.