A deployment is one of the hardest things a member of the armed forces can experience in their military career. But it’s almost equally difficult for families who miss their loved ones and want to see them return safe. Many spouses dream of having their spouse come back to a brand-new house so they can jumpstart their lives stateside again. But buying a home is extremely complex, especially if your spouse is overseas and unable to help in the search. But, that doesn’t mean it’s impossible! Here are some tips when buying a house when your spouse is deployed.
Did you know that it’s possible to buy a house without putting any money into a down payment? That’s right; there are fantastic zero down payment home loans available to finance your new home. Read on to learn more about some terrific zero down payment home loans and how you can get one to buy a house.
Did you know that you can utilize the equity in your home to finance essential items like home renovations, repairs, or even college tuition? Indeed, it’s possible to refinance your home at a lower interest rate while tapping into the equity for a chunk of cash through a cash-out refinance. With home equity at record highs, you might be sitting on more cash than you think. Learn about cash-out refinances and how you can use this financial tool to pay for significant investments.
Police officers have an extremely difficult job serving their communities. So, when it comes to buying a house, getting a home loan should be easy. Thankfully, there are a number of great home loan options available specifically for police officers. Let’s take a look at some of the most common types of home loans for police officers to buy a home and how Homes for Heroes can help.
Do you feel so overwhelmed with real estate terminology that you wonder how you’ll ever buy a house? Don’t worry; even though you’re busy being a hero, it’s fairly easy to read up and understand one of the confusing terms- Private Mortgage Insurance (PMI). Let’s take a look at private mortgage insurance, and what it means when you’re buying a home.
If you are looking for ways to make improvements on your home, whether it be an addition, renovation, or upgrade like a new HVAC system, you need to know about the different types of financing you can get. No matter how you choose to make changes, you’ll need financing to start your project. To look for financing, homeowners will turn to a bank in order to get a home improvement loan. Luckily, there are several options including a personal loan, home equity loan, or a short term loan. Read More “Home Improvement Loans Available to Heroes”
A home renovation loan could be the best option for you to tackle the updates to your home. Does your home need an update? Is your kitchen dated with tired appliances and cabinets? Is it time for your new dream master bedroom with walk-in closets and a spacious master bathroom to come to life? A home renovation loan is great option to consider.
There are several options to refinance a VA loan every military member should know about. If you are currently paying on a VA loan and are thinking of refinancing to take advantage of lower interest rates, then this post has you covered. Taking the steps to refinance a VA loan may save you thousands of dollars over the life of your loan.
The first responder home loans we are covering in this post have specific discounts or deals that are tailored to firefighters, EMS workers and police officers. You can spend a lot of time searching for them (and trying to guess the right search terms)…or you can let us do it. Homes for Heroes has been serving the first responder community for more than 20 years, so we can help you find savings that could make your new home more approachable.
As an educator, chances are you qualify for more than one type of home loan for teachers. But, which is the best for you, you finances, and your long term goals? They all have great advantages for first time home buyers and teachers who have already bought and sold more than one home. We have the pros and cons for four of the most common home loan types.