Millennial veterans and military members are helping fuel the resurgence of the historic VA loan program. Last year’s 700,000-plus loans were more than double the agency’s total from five years ago.
Younger buyers in particular have flocked to these government-backed mortgages during a time of tight credit and flatlining wage growth. The VA says millennials accounted for about a third of all VA loans last year.
These low-interest loans offer qualified buyers a wealth of benefits. That’s especially true for millennial borrowers, who often have dented credit or minimal savings. This $0 down payment loan program was created to help level the playing field for those who serve our country, and it’s still doing so today.
“VA loans offer an extraordinary opportunity for veterans because of lower interest rates, lower monthly payments, no or low down payments, and no private mortgage insurance,” said Jeff London, director of the VA home loan program.
Here’s a closer look at three of the big benefits that make VA loans such a good match for millennial home buyers.
While it’s tempting to waive contingencies to make your offer more compelling, it can leave you unprotected from a bad investment.
Potty problems can be a real pain in the you-know-what. But with some simple DIY solutions, you can fix them and get back to life.
Here’s a thought: Your dining room should be a space you actually use to eat—not just a surface to park a laptop and use as an impromptu office, or cover with the random detritus of your life. Think about all the cozy fall feels in your future if you clear your tabletop. Whether it’s for hosting a small dinner party or enjoying a romantic dinner with your partner, your dining room can be the place to be.
Buying a property is a complex transaction. And getting the money from the buyer’s bank to yours involves a multitude of steps that safeguard both parties.
So just how does that sweet offer turn into your cold, hard cash? Follow the money from offer to closing.
Small spaces have the potential to be cozy and charming, but if you’re not careful, they can turn into a total bummer. Over time, your collection of household items can start to resemble mountains of clutter—and before you know it, cramming it all into one tiny space can make your home feel downright uncomfortable.
Don’t let your walls close in on you! Whether you’re decorating your living room or bedroom, make sure to avoid these common mistakes that are sure to cramp your home (and style).
Everybody loves bamboo—or do they? Although it can be a great way to establish a natural fence line, develop some privacy in a small space, or just get some fast-growing greenery, bamboo is also considered to be one of the most invasive plant species.
Native in parts of South and Central America, bamboo has become a favorite landscaping addition for many gardeners. But just how much bamboo is a good thing? And what do you do when your bamboo gets out of control?
Find out HERE.
Many of today’s homebuyers are suffering from sticker shock—and not just over astronomical home prices.
Nearly half of homeowners, 44%, report they weren’t aware of the costs associated with buying a home, according to a Realtor.com® survey in July of nearly 3,000 adults, including 1,800 homeowners. (About 400 of the respondents were buyers who purchased a home within the past 15 months.) This includes paying for things like a home inspection, document fees, property taxes, home insurance, and title fees. About 11% weren’t even factoring in moving expenses.
Read more HERE.
Feeling nostalgic? A beanbag chair can do that to a person. Whether you had one in your childhood home or you flopped on one of these squishy seats while cramming for chemistry in college, beanbag chairs bring out the child in all of us.
Read more HERE.