Home Ownership

Tips for Owning a Home and Building Wealth

Military.com

Almost any servicemember can afford to own a home with proper preparation. Develop a savings plan to build up money for a down payment at purchase, for moving expenses, and for post-purchase emergency expenditures such as needed home repairs. Remember, the larger your down payment, the lower your home loan payment. MilitarySaves.org can help you... more

Mortgage Relief for Servicemembers

Military.com

A new program was unveiled in June 2012 that could help tens of thousands of veterans and servicemembers who are struggling with underwater homes. The program expands the national mortgage settlement that the government previously reached with some of the largest banks, and it steps up enforcement of the Servicemembers Civil Relief Act (SCRA). ... more

Don't Fear the Refi

Mortgage refinance

Credit.com

During the past three to four years, mortgage interest rates have fallen to the lowest levels in history and homeowners are constantly barraged with ads telling them: “Refinance now!” It’s not surprising that some homeowners have become numb to the news that mortgage rates have dropped yet again. You may be one of them. You got a decent rate t... more

Homebuying Myth No.5: Renting is Less Expensive

Military.com

What's keeping you from enjoying the benefits of homeownership? Don't let a homebuying myth cause you to put your future on hold. Read on to see how breaking down perceived barriers and understanding the truth can help you make the investment of a lifetime. Myth: "It's less expensive to rent, and now may not be the right time to buy." The Tru... more

Reports: Four Banks Seized Over 700 Military Homes

foreclosure sign

UPI | Mar 04, 2013

Four large U.S. banks seized more than 700 homes of active-duty military personnel after the housing bubble burst, their reports to regulators say. The New York Times reported Monday that Bank of America, Wells Fargo, JPMorgan Chase, and Citigroup uncovered hundress of cases of wrongful foreclosures of military personnel that occurred between 2... more

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