Home Ownership

Options for Missed VA Loan Payments

Department of Veterans Affairs flag

Most of us are familiar with the VA loan, which offers great terms and benefits for past and present members of the military. The loan doesn’t require a down payment, doesn’t tack on mortgage insurance and keeps closing costs low. There are many other benefits too, and it’s a great resource for members of the military who want to purchas... more

How it Works: Short Sales for Military Personnel

house for sale sign

In our last post, we talked about options for loans (particularly VA loans) when military borrowers are concerned they will go into default or have already defaulted. One of the methods we covered briefly, which is also one of the more confusing and nuanced options, is the short sale. Today, in collaboration with episode six of the Hope Now podc... more

Should You Own a Second Home in the Military?

Man packing moving box

Over the last several weeks we’ve been discussing a variety of off-base military housing topics. Many of these have been geared toward borrowers who are struggling to repay their home loans and to those who don’t know much about real estate and are learning basic terms and concepts for the first time. Today, we are shifting gears a bit to talk a... more

7 Things to Do Before You Buy a House

Housing finance options and information

Ready to take the home-buying plunge? Be sure you follow these seven tips. 1. Recognize home-buying as a long-term commitment. The days of flipping houses for profit are over. Plan to live in or own the home for at least 10 years.For military personnel with three- or four-year assignments, buying a home rarely makes sense. You'd be smarter to ... 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

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