Home Ownership

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

Veterans May Kiss VA Loan Limits Goodbye

San Diego map

It might soon be possible for Veterans to buy homes priced at one million dollars or more with no down payment using their VA loan benefits. It would take an Act of Congress, but a bill calling for an end to VA loan limits passed the House of Representatives on February 9, 2016 and is on to the Senate. The bill known as H.R. 3016 “Veterans ... more

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

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