Home Ownership

House Rich and Cash Poor

neighborhood of homes

Everyone has one purchase they couldn't afford and bought anyway. For some servicemembers, houses fall under that category. It wasn't so long ago that it was acceptable to buy a house that was out of your price-range.Today, that plan isn't a wise financial strategy but homebuyers are still being forced into mortgages they can't afford, according... more

Six Improvement Projects to Boost Your Home's Value

contractor laying flooring

Whether you’re planning to sell your home soon or in the distant future, making improvements that increase its value can pay off with a bigger check for you on closing day. Here are six ideas that can boost your home’s value without putting too big a dent in your budget. 1. Create space. Knock out a non-structural wall or remove a kitchen islan... more

3 Warnings for Prospective Military Homeowners

Homes

The argument of renting vs. buying for most people revolves around stability, tax breaks and having something to show for your monthly payments. For military personnel, most of those arguments are non-factors, as your next PCS move could be just a year or two away, and you get special tax breaks from Uncle Sam that are very different from the a... more

Prequalifying for a VA Loan

Hands holding a miniature house

Eligible borrowers should prequalify for a VA loan to get an idea of how much house they can afford.   Prequalifying for a VA loan is recommended for all eligible borrowers before they start shopping for a home. The prequalifying process provides potential borrowers with an estimate of how much monthly mortgage payment they can afford. Having ... more

3 Things to Know Before Renting Out a Home

miniature home in hands

Content provided courtesy of USAA. Renting out your home before a permanent change of station move may seem like a good idea. That is, until the tenant trashes the house, inside and out, and you have no one to oversee the repairs. Sure, renting out a home can lead to plenty of headaches, but there may still be good reasons to stick that "For R... more

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