Home Ownership

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

What's Your Home's Price Tag Right Now?

Housing finance options and information

As the housing market appears to be bouncing back in many parts of the country, you may be wondering: What's my residence worth now? There's actually more than one answer, according to Scott Halliwell, a CERTIFIED FINANCIAL PLANNER™ practitioner at USAA. He says your home has three, potentially very different, price tags based on its: Ma... more

Tips for Owning a Home and Building Wealth

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

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

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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