If you are a veteran or active duty service member, you are almost certainly familiar with the VA loan entitlement program. Under this program, the government will cover 25% of any loan taken out by an eligible person. As you might imagine, this program is most often used for buying a home. Many veterans have…
The world has an unpleasant tendency to be expensive. Without much effort on our part, it often seems that money just flies away no matter how hard we try to hold it. Why does this happen? Because life is composed of problems, and money is required to solve many of those problems. In this article,…
For those who can afford to make a choice, there is a serious debate to be had about the benefits of homeownership. On the one hand, you gain a greater degree of independence and freedom from monthly rent payments. On the other hand, there are still costs and rules associated with home ownership. For those…
We have already discussed some of the more common issues that face home buyers in the current market. In this article, we will delve into a slightly more advanced topic. If you have been reading our articles diligently and following their advice, you should have no problem understanding this one. Today, we are going to…
Let’s begin with a little story, which takes place in Fairfax, Virginia. In the early 2000s’, this county was a hot spot for home builders, mostly because the city government was looking to expand the town. As such, they weren’t particularly diligent about enforcing the various building codes. Years later, when they actually did begin to…
Building a house is perhaps one of the most important milestones of your life. Whether this is your first time dealing with this process or not, this is an event that will affect your life for quite a few years to come. As such, it is not a process that should be rushed. Of course,…
When your new home is being built, you can take one of two approaches. You can be a passive observer and let a contractor do their job without interference. When you take this, you had better be sure that you trust your contractor to follow your wishes. Instead, you can take an active approach and…
There are many reasons that a person might need a mortgage loan (commonly called a mortgage for short). We could literally spend all day listing these reasons, but most of them come down to one basic theme: You use your property as collateral to secure a loan so that you can buy things that would otherwise be…
For you to be considering a question like this, one of two things must have happened. Either you have accumulated a number of possessions that exceed a manageable level, or your family has outgrown your home. It is always a joy to hear the sound of little feet running and echoing through the halls of…
Building a home is certainly not a matter to be taken lightly. There’s a lot of money tied up in this project, not to mention your expectations and desires. Before you even think about having a home built, you need to understand these three simple terms: Custom home, speculative home, and tract home. Why do…
