The VA loan offers veterans a flexible way to buy a home. So what’s the catch?You can’t buy a vacation home or an investment home with it. You can only buy a primary residence with your VA loan benefits. You may be able to get around this rule with a few exceptions, but generally, it won’t be to buy a vacation home.Looking for Current Mortgage Interest Rates? Click Here. The VA … [Read more...]
VA Loans: Buying and Renovating a Multi-Unit Property
VA loans can be used to buy more than a single-family property. Even though it’s an owner-occupied program only, you can use the program to buy a 1-4 family unit. The only catch is that you must live in one of the units yourself as your owner-occupied property.Compare Offers from Several Mortgage Lenders.What if you want to buy a multi-unit property that needs work? Maybe it doesn’t even … [Read more...]
The Top Reasons to Understand HOA Documents Before Buying
If you are thinking of buying a home or condo that has a homeowner’s association, it’s important that you read the documents carefully before buying the home or condo. While it’s common for condo associations to have an HOA, it’s not as common for single-family homes. If you buy into a development that requires you to belong to its community, you’ll agree to join the HOA.Looking for Current … [Read more...]
How Does a Probate Sale Work?
As you peruse the home listings available today, you may find some that are a ‘probate sale.’ These sales often save you a significant amount of money, but they can take a lot longer to get to the closing table. Find out what they are and what you need to know below.Looking for Current Mortgage Interest Rates? Click Here. What is a Probate Sale? When a homeowner dies without a will or trust, … [Read more...]
Is There a Mortgage You Can Add Renovation Costs to a Purchase?
Did you know it’s possible to buy a home and borrow money to renovate the home at the same time? Most people think they have to wait until they own the home and then take out a home equity loan once they build up equity in it. That’s not the case, though.Compare Offers from Several Mortgage Lenders.There are two loan programs you can use – one is government-backed and one is … [Read more...]
