VA Loans: Helping Veterans Achieve Their Homeownership Dreams The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program: “The objective of the VA Home Loan Guaranty program is to help eligible Veterans, active-duty personnel, surviving spouses, and Continue Reading about VA Loans: Helping Veterans Achieve Their Homeownership Dreams
Home Sellers: There Is an Extra Way To Welcome Home Our Veterans
Home Sellers: There Is an Extra Way To Welcome Home Our Veterans Some veterans are finding it difficult to obtain a home in today’s market. According to the National Association of Realtors (NAR): “Conventional conforming mortgages (mortgages that conform to guidelines set by Fannie Mae and Freddie Mac), accounted for 74% of mortgages obtained by homebuyers in Continue Reading about Home Sellers: There Is an Extra Way To Welcome Home Our Veterans
What You Should Do Before Interest Rates Rise
What You Should Do Before Interest Rates Rise In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage of today’s Continue Reading about What You Should Do Before Interest Rates Rise
Pre-Approval Makes a Huge Difference When Buying a Home
Pre-Approval Makes All the Difference When Buying a Home You may have been told that it’s important to get a pre-approval at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers Continue Reading about Pre-Approval Makes a Huge Difference When Buying a Home
Don’t Forget to Budget for Closing Costs
Don’t Forget to Budget for Closing Costs When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia: “When you close on a Continue Reading about Don’t Forget to Budget for Closing Costs
Buying a Home Today… How Smart Is It?
How Smart Is It to Buy a Home Today? Is buying a home today a smart move? Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to Continue Reading about Buying a Home Today… How Smart Is It?
Do I Really Need a 20% Down Payment to Buy a Home?
Do I Really Need a 20% Down Payment to Buy a Home? Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you have to come up with 20% of the total sale Continue Reading about Do I Really Need a 20% Down Payment to Buy a Home?
The Low-Down on Mortgages
What is a Mortgage? A Mortgage is a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of debt. So, what does that mean exactly? Essentially, you (the debtor) can borrow money from a bank or creditor in order to buy a house. You pay back Continue Reading about The Low-Down on Mortgages