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.
However, there are assistance programs that help first-time military homebuyers and long-time owners get back on track with mortgage payments.
The Department of Veterans Affairs or the official lender may be willing to work with mortgage holders who risk losing their homes to foreclosure due to financial shortages. Keep reading to find out what military members can do when to catch up when they're late on mortgage payments.
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.
Owning a rental home offers a steady stream of passive income and provides a potential living option when they separate from service or retire. The problem military homeowners face, since they are absent landlords living in a new area or deployed for long periods, is how to manage their properties. Continue reading to learn about the best ways to
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.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Make Housing Decisions Quickly
Service members should decide their housing preferences quickly
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.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Hire a Real Estate Pro Experienced with Military Home Buyers
A real estate professional in the intended area of purchase can serve as
Peterson Space Force Base (formerly Peterson Air Force Base) serves as the main military base for the U.S. Space Force. Space Force personnel relocate to the city every year and require local information for military home buyers before buying the perfect property. Fortunately, the broad selection of Colorado Springs houses for sale near Peterson AFB makes it easy to stay close to the base and the city's many amenities. After work, military members will find a broad range of outdoor activities, restaurants, entertainment venues, and nightlife when looking for things to do off-base. Keep reading to find out what to do this weekend near Peterson Space Force Base in Colorado Springs.
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.
Delays and postponements can easily lead to making rushed decisions and mistakes. Keep reading to learn about some of the most common pitfalls veterans and current military members experience during their home-selling processes.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Peterson Space Force Base (SFB) is a U.S. military site located in Southeast Colorado Springs, Colorado. Formerly known as Peterson Air Force Base (AFB), the area is home to the 21st Space Wing of the U.S. Air Force.
Peterson SFB has approximately 8,750 active military personnel. Service members that move to Colorado Springs are often looking to purchase homes near Peterson AFB. Fortunately, the communities surrounding the base include access to the best of what the Colorado Springs real estate market has to offer. Keep reading to find a complete overview of the best places to live near Peterson SFB.
Every season, people who buy homes in Colorado Springs can find plenty of fun things to do. To wrap up the fall season and welcome in winter, the town hosts an array of events and festivals in November. As the weather cools down and the snow starts to fall, excitement abounds in Colorado Springs. Looking for the best November events in Colorado Springs? Read on to learn about a few events that definitely deserve a place on the calendar this November.
Glide and Slide at the Snowbound Festival of the Rockies
Those willing to drive a short distance to Denver have the opportunity to experience the wintery wonderland of wonders at the Snowbound Festival of the Rockies. Once known as the official Colorado Ski & Snowboard Expo, this immersive festival
Buying or selling a home is stressful enough for civilians, but there's an extra level of complication for military personnel. They may have to make a decision and close a deal on short notice. If they're buyers, they may not know much about their new community. They don't know how long they'll live in their new home before the next PCS.
If buying a home while on active duty, the buyer might not even be in town for open houses, the VA-approved inspections, and all the essential activities that lead up to a home sale. That's why they should strongly consider working with a Military Relocation Professional (MRP) such as the Military Home Search team. Keep reading to learn how MRPs can help military homebuyers.
As plans come together for a permanent change of station (PCS), military members are faced with making housing decisions. There is no one-size-fits-all answer to this question as everyone's circumstances are different, but there are definite situations when it makes the most financial sense to buy instead of rent. Keep reading to learn why it's sometimes better for active-duty military members to buy a house instead of renting one.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Renters Are Already Paying a Mortgage; It Just Isn't Theirs
Military individuals or families who rent homes are already essentially paying a mortgage—they're paying off their