If there’s one benefit to focus on with VA loans, it’s the fact that you won’t pay PMI. That alone could save you hundreds of dollars each month and thousands of dollars over the life of the loan. The lack of PMI is even more shocking when you think about the fact that you don’t need a down payment. So you can borrow 100% of your home’s price and not pay any extra fees, with the exception of the … [Read more...]
What you Need to Know About VA Property Requirements
Have you heard that VA property requirements make it hard to get a VA loan? Luckily, that is a myth. While it's true that the VA does have certain requirements, they are for the good of you, the veteran. The VA wants to ensure that you buy a property that is safe, sound, and sanitary. While this does protect the VA and the lender, it also prevents you from buying a property that might be a money … [Read more...]
Mortgage Options for First-Time Homebuyers With Bad Credit
Are you a first-time homebuyer with less than perfect credit? You probably think you can’t get a home loan because of it. We have good news, though. There are plenty of ways to get a mortgage even if your credit is less than perfect.Compare Offers from Several Mortgage Lenders. FHA Loans for Borrowers With Bad Credit You may have heard of FHA loans being called the ‘first-time homebuyer’s … [Read more...]
Buying a Foreclosure at an Auction? Follow These Steps for a Smooth Process
If a home has gone into foreclosure, you may have the good fortune of buying it at auction. In other words, you buy it from the bank, who is probably asking less for the home than it’s worth. Many real estate investors get their investment homes this way, but you can use it to buy your owner-occupied property as well.Compare Offers from Several Mortgage Lenders.Keep reading to learn the … [Read more...]
6 Neighborhood Attributes That Influence a Home’s Value
When you buy a home, you buy into a neighborhood. While that neighborhood is somewhere you will live and want to feel like you belong, it also affects your home’s value. Unfortunately, you don’t have any control over the area that you live. You can’t make your neighbors take care of their yard or maintain their homes. You also can’t control the crime rate or the school district’s ratings … [Read more...]
