Veterans Affairs (VA) loans are a popular mortgage among active and veteran members of the United States Armed Forces. It is one type of mortgage among many available to home buyers. However, what many people don’t realize when initially researching VA loans is that there are multiple different types of VA loans that can help different types of home buyers. Here is an explanation of the different types of VA loans, what they do, and who benefits from using them.
For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.
Purchase Loans
The main loan that most people think of when people think of when they hear “VA loan.” Purchase loans are the most general and
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When buying a South Plainfield new home, buyers have a lot of options when it comes to choosing the mortgage that’s right for them. One of the loans they may consider is the Federal Housing Administration loan, or just FHA loan. FHA loans are widely used by first-time home buyers as well as veteran home buyers, but what makes them so appealing? Here is everything home buyers should know about FHA loans to make an informed decision about if it’s right for them.
People who are new to the home buying process usually know that they're expected to make a down payment when they purchase a home, but they often have questions about how down payments work.
Buying a home is an important decision. And buying the right home is even more important. So whether the home was built in 1918 or 2018, a home inspection can reveal flaws in the home that aren't readily visible to the naked eye. From faulty craftsmanship to stubborn tree roots, buyers have a chance to examine and learn about the home's downsides before they sign the dotted line to buy the home. Learn more about what a home inspection entails and how homeowners can use it to avoid a mistake.
When purchasing a home, almost all first time home buyers will need to secure a loan or a mortgage to buy the home. There are many different types of mortgages that fit a wide variety of different buyers and the different homes they may want to purchase. It can be overwhelming attempting to understand and decide which is best, especially for a first-time home buyer who may not be familiar with many of them. Here are some of the different common mortgage types and how they may help different types of home buyers.
There are a lot of considerations to keep in mind when someone is selling a home. Buying and selling homes are often the biggest financial transactions a person will engage in throughout their life. When the buyer's offer is accepted and every line of the contract dated and signed, the seller should be aware of the implications of the sale, particularly any applicable tax implications. While most home sales are exempt from capital gains taxes, there are some situations that will trigger a tax. Understanding these before putting a home on the market can help avoid surprises after the fact.
When selling a home, the majority of homeowners tend to stay in the dwelling at least until a solid offer is made from a sure-thing buyer. This means that the process of staging a home will differ somewhat from the process when the home is unoccupied. Here's what sellers should know to boost buyer interest through proper staging techniques for when potential buyers come in for home showings.
Energy efficiency is important for many modern homeowners. By installing eco-friendly appliances and fixtures, many homeowners are able to increase property values and reduce their utility bills. Here's what Avenel homeowners need to know to get started.