Information For Military Homebuyers

Found 37 blog entries about Information For Military Homebuyers.

Which Is Better: DITY or Government MoveOne of the few certainties in military life is frequent moves, often with little notice. When it comes time to go to a new location, many military members will choose between having the government handle the move or doing it themselves. Many are drawn to a do-it-yourself (DITY) move because the government will pay you to handle the move yourself. But, the move itself can be complicated, and there are many potential drawbacks to consider. Keep reading to compare and contrast DITY moves and government moves.

Things to Know About DITY

Do-it-yourself (DITY) moves are now known as personally procured moves (PPM). However, DITY is still used colloquially. Many people are drawn to the idea of managing their move because they think that, financially,

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Information First-Time Military Homebuyers Should KnowMany people have the luxury of time when buying a house, but active-duty military members sometimes have to make a quick decision. Whether having recently joined the military, having years of service, or getting ready to retire, purchasing a home can be a great investment, but it can also create some challenges when getting deployed at a moment's notice or a permanent change of situation arises. Considering investing in a home at a new duty station? Or perhaps separating from service and looking to settle down? Keep reading to find five things first-time military home buyers should know.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

The Pros and Cons of

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Buying a Home While on Military Active Duty: 6 Factors to ConsiderDeciding whether to buy a home is not an easy task, even for civilians. Can they afford it? Is it what they really want? Are they ready for the gigantic financial commitment?

With the ever-present chance of a PCS and all the uncertainties of military life, the decision to buy a home can be even more challenging for active-duty military personnel. Wondering if it's the right time to buy a home? Keep reading to find six factors to consider before buying a home while on active duty.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

How to Budget for a Home While on Active Duty

When interest rates are low, and prices are rising, there's a temptation to

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3 Reasons to Hire a Military-Friendly Real Estate AgentHomebuying is exciting but can get complicated, especially for military service members who have unique needs and circumstances when purchasing a property. The buying process for military members is quite different than it is for the average homebuyer. Working with a knowledgeable military real estate agent can differentiate between a rocky experience and a seamless one. Are you an active-duty military member or a veteran seeking to buy real estate? Keep reading to find three reasons to work with a military real estate agent.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Military Real Estate Agents Understand Active Duty Timelines

Active duty service

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Should Military Personnel Get a 15-Year or 30-Year Amortization?How can those in the military become homebuyers? Not everyone wants a 30-year mortgage, even though it is a popular choice. Homebuyers may also want to look into another alternative.

There are benefits and drawbacks to both 15- and 30-year amortization scenarios. Since buying a home is one of the most expensive decisions the average person will make in their lives, it pays to think over how to best finance a home mortgage loan. Military personnel may want to review which amortization choice will suit their needs and budget. Read on to learn about the pros and cons of 15-year and 30-year mortgages for military personnel.

For informational purposes only. Always consult with an attorney, tax, or financial advisor before proceeding with any real

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Military Base Housing Improvements You Can Take With You When You LeaveMilitary base housing is typically drab and nondescript. There are ways to enliven it, but many people are unwilling to put a lot of work into a place they'll live a few years in at most. You don't need to perform a costly and time-consuming renovation to improve your home on a military base. To make it easy on yourself, maintain an inventory of convenience items and temporary decor you can easily take from base to base. Try to only include items that you can deploy on your arrival and take with you when the inevitable orders come. Check out these 10 home improvements to personalize your military home and jump-start your creativity.

Removable Wallpaper

If you paint, you'll most likely have to repaint before you leave. When you arrive at your new

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How Does VA Loan Appraisal Work?When it comes to buying a home, there are a plethora of loans available. Different loans are designed to accommodate the unique needs of each homebuyer. Individuals who have served in the U.S. military are eligible for VA loans. To meet the criteria and be approved for a VA loan, the homebuyer must get a VA loan appraisal. The purpose of a VA appraisal is to estimate the value of the property and ensure it meets the VA's minimum requirements. Here are five important things to know about VA loan appraisals.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

A VA-Approved Appraiser is Required

The VA requires the appraisal to be conducted by an

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Virtual Reality Tours Make Home Shopping Easier for Military HomebuyersThe traditional VA home-buying model is based around the seller listing and sometimes staging a home. On the other end, the military buyer receives a long list of homes from their agent, tours several in-person, applies for a VA loan, and makes an offer on the one they like best. However, this model doesn't work well for those deployed in one location and looking for a home near their next duty station. Virtual reality provides a way for these people to see potential homes from afar and on their own schedule. Read on to learn about how virtual reality is improving long-distance home shopping for members of the military.

How Virtual Reality Works

Virtual reality is changing the homebuying experience by allowing users to experience the home with

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How Much House Can I Afford on My Military Compensation?Because houses are usually the largest assets in a portfolio, buying a new home requires great attention to detail. To get the most out of your investment, it's important to have a precise idea of what is affordable. Although determining a budget may seem overwhelming, a military homebuyer has several ways of assessing their housing budget. Why does budgeting matter? Properly budgeting basic allowance for housing can help military homebuyers build equity without taking on an abundance of debt. Below, we'll go through four ways military personnel can develop a budget to buy a new home.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

Finding an

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How to Buy Land with a VA LoanNot everyone wants a house in the suburbs. Many people dream of building a home in the country with a range of features that they choose for themselves. VA Loans, in most cases, can't be used to buy raw, unimproved land. This is because they are intended to purchase a primary home that the veteran and their family will live in. There is an exception built in, however, for people who want to buy land and a custom-built home at the same time. If someone is buying a lot to build immediately and funds a construction loan simultaneously, they can qualify for a VA loan.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

When Can Someone Buy Land with a

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