Veterans' Mortgage Life Insurance, or VMLI, is protection available to veterans. The coverage is extended specifically to veterans with service-connected disabilities who have modified their homes to be more accessible. For example, they may have widened doorways or added wheelchair ramps are home improvements that qualify for the program. The purpose of the coverage is to make payments to the mortgage in the event of the policyholder's passing. Are you researching what housing grant options are available to veterans? Keep reading to learn more about veterans' mortgage life insurance.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
The holidays are coming, and along with the cooler air, a feeling of excitement arrives that is fueled by many December events in Colorado Springs. In addition to the regular community calendar, some attractions and activities shouldn't be missed this year. From thrilling musical performances to holiday light spectacles, this December could be the most fun one yet. Keep reading for a complete overview of the exciting December 2021 events in Colorado Springs.
Everyone who has served the U.S. military and dedicated their lives to help preserve freedom deserves thanks for all they've done. After separating from service, veterans should be supported as they transition to civilian life. One form of support for veterans is grant awards. Many veterans know about VA Loans, but they don't realize they might be eligible for additional grant awards. A housing grant is a monetary award to go towards any type of mortgage that doesn't need to be paid off, which helps military homebuyers budget for a house. Keep reading to learn about six housing grant opportunities for veterans.
Sometimes challenges arise that result in financial woes that may put homeowners in a situation that makes paying their mortgage a problem. This can be an issue for current servicepersons and military veterans who can experience permanent life changes with little to no notice.
Active duty military members often find the best housing option for a Permanent Change of Station is to buy property in their new location. However, when PCS orders arise again in a few years, they must sell or rent their homes. Many military homeowners often tend to hold onto their houses and keep them as investment properties while on active duty. They find several benefits to maintaining ownership.
Moving frequently during a military career means routine housing changes. When it comes time for a permanent change of station (PCS), many service members pursue on-base housing. Depending on the location, there could be long waitlists. Housing waitlists can add unnecessary challenges to the moving process. However, there are ways that military members can avoid waitlists and shorten the time spent on housing waitlists. Keep reading to learn what steps to take if a base has a long waitlist for military housing.
Military members often wonder if it's possible to buy a home while on active duty. There are some challenges of remote home buying, especially when the military member is stationed overseas. Finding the right home in the right place can be difficult. Fortunately, buying a home while overseas on military orders doesn't have to be as hard as it may seem at first. Keep reading to find five tips to make it easier for active-duty military members to purchase a home while abroad.
While selling a home can be the start of a new chapter in life, fast-paced military owners' moving timelines can push people to make hasty decisions during the selling process. Whether moving into a retirement community, upgrading to a new home, or buying a home while on active duty, several challenges during a home transaction can postpone those plans.
