October 2017

Found 4 blog entries for October 2017.

How Does the VA Loan Program Work?For veterans, Veterans Affairs mortgages—more commonly known as VA loans—offer an easy path to home ownership. Since these loans require no down payment, they are very attractive mortgage options to service members who want to buy their first home. Learn how the VA program works before you apply, so you know what to expect.

Who is Eligible for a VA Loan?

Both current and former military members are eligible for Veterans Affairs mortgages. Current members need at least 90 days of active service, unless they were discharged for a disability with less than 90 days of service.

You don't need to make a down payment (although you can if you'd like to reduce your mortgage). You must have sufficient credit.

While you can buy many types of

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How FHA Financing Can Help You Buy a HomeIf you are considering your first home purchase but are uncertain if your credit is up to snuff for a mortgage, FHA financing is one of several popular mortgage options and may be right for you.

What Is FHA Financing?

In order to encourage home ownership, the Federal Housing Administration offers guarantees on mortgages for properties and borrowers who meet their criteria. While the FHA does not offer direct loans to consumers, the administration will guarantee loans from approved lending institutions. This guarantee means that lending institutions are ensured payment, even if the mortgagee defaults on the loan. Because of this guarantee, these lending institutions are willing to work with applicants who may otherwise be considered risky

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Single Family Homes and Condos: Pros and ConsFor years, a single family home with a white picket fence has been the quintessential American dream, but that isn’t the only option anymore. Now, condominiums are a popular alternative to single family homes, but which one is better? The answer will be different for everyone, but here are some things to keep in mind when deciding where to live.

Condo Advantages

When considering a condo, there are multiple things that buyers should consider with regards to their needs.

In many condominiums, large repairs such as roofing, furnaces, siding, and lawn care are all covered by the Homeowners Association (HOA), allowing homeowners to save money. Because the HOA takes care of lawn care, exterior painting, and other chores, condos typically need

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What to Know About Capital Gains When Selling a HomeSelling a home can mean the chance to move to a new location. It can also mean a reduction in how much money is going out every month. Both can be very valuable, but it is important for every seller to know that there can also be costs and fees associated with selling a home. Being aware of these from the very beginning of the process makes it easier to sell a home and can reduce anxiety and help the seller prepare for any expenses that come along with the process. One of those expenses may be capital gains tax, although many sellers will be exempt from all or part of that tax. Here is what sellers should know.

Marital Status Matters for Capital Gains

People who are single can exclude the first $250,000 of the selling price of their home from

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