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.
For informational purposes only. Always consult
…
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.
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.
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.
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.
