Tips for Military Home Buyers
7/11/2006
Before you go out and waste your time shopping for a home, we suggest you follow these important steps carefully so that you are able to have the smoothest and most stress-free homebuying experience possible.
- Get Pre-Approved. Your time is valuable and in today's market it is essential that you set yourself apart from other possible buyers in the market. If you want to be taken seriously when buying a home then you must first determine how much VA mortgage you actually qualify for. One of the easiest ways to get Pre-Approved quickly for your va loan is to apply right here at lowVARates.com
- Be familiar with your credit. You can access a free copy of your credit report online at annualcreditreport.com. More than 70% of credit reports have errors on them that could negatively affect what type of loan you qualify for. A very important part of getting a VA mortgage is making sure you have been on good credit standing for the past 12 months and also if there are unpaid bills or collections that you start doing all you can to fix or pay those collections off.
- Understand your benefits of having a VA home loan. There are way too many people that could have and should have gone with a VA mortgage, but some how have been convinced that it was not possible or that there was a better loan option for them. Very rarely do we find that those veterans were put in a more advantageous loan. The major benefits of a va guaranteed mortgage are: 100% financing allows no money down! You do not pay costly mortgage insurance since the VA guarantees your mortgage. Interest rates are low and fixes so that you won't be stuck with a higher rate 2-3 yrs down the road.
Please follow these simple steps early on in the home shopping process and we promise you that your home buying experience will be much smoother and you will be glad you did.
