Future Military Homeowners - Latest Comments

Re: Should VA Loans and FHA Mortgages Be Combined?

criolle — Mon, 12 Nov 2012 07:09:26 -0000

The former is a "benefit", the latter is an "entitlement".
The former has to be E-A-R-N-E-D, a foreign concept to the latter population.

Re: The Home Stretch: Oct. 22-28

doloresd — Sun, 04 Nov 2012 01:16:58 -0000

The New York Times is a Left Wing Liberal Democrat Newspaper who wants to get Obama back into office no matter what. Don't believe anything they write about. The mortgage crisis is so far from over and turning a corner?? What flavor kool aid are you drinking?? Expert realtors/economists have said it will take at least 10 years to see housing prices like they were in 2005 before the crisis. You and the NYT writing false stories do nothing but give people false hope. This country is so corrupt. The government and the Federal Reserve are in bed with the big banks. They gave the banks Trillions of dollars at the tax payers expense and the banks still foreclosed on all the people and threw them out in the streets. Stop lying to people. Check your facts.

Re: 2 Snags That Could Hurt Your Chances for a VA Loan

Herbert Bistany — Tue, 30 Oct 2012 15:01:15 -0000

Give me a break, Obama has done more for the military than Bush ever did. What has your cry baby speaker of the house done for the military or the american people for that matter?? Their approval rating isn't 8% for nothing ya know!

Re: The Home Stretch: Sept. 10-16

Juanita A. Paynter — Fri, 14 Sep 2012 20:28:56 -0000

I dont like to argue, but dont tell me that us out here that have credit issues/challenges can still get a VA loan. because that is not true.

Re: 2 Snags That Could Hurt Your Chances for a VA Loan

Joseph Hunt — Tue, 04 Sep 2012 09:21:19 -0000

Why doesn't Government have to pay their debt to ratio??????Why hasn't Reid/Obama been held accountable for NOT having a "budget" for the last four years, haven't they broken Constitutional Law?????????are we not a Nation of Laws??????

Re: Tax Cut Act Offers $53 Million in Breaks for Veterans

Francisco Medina — Thu, 30 Aug 2012 01:12:14 -0000

Any help we can get is greatly appreciated.

Re: Tax Cut Act Offers $53 Million in Breaks for Veterans

Me — Wed, 29 Aug 2012 21:30:29 -0000

These veterans deserves our help !

Re: Veterans Win Massive Wrongful Foreclosure Settlement

Victor Taylor — Thu, 23 Aug 2012 22:08:15 -0000

Another damn settlement??? Let me guess, no wrongdoing has to be admitted to, by the banks involved. They pay out crumbs, compared to the billions they've profited off of us all, and walk away like everything is peaches.

SMDH.

Re: 6 Ways to Remodel Your Kitchen Inexpensively

Mischerossiter — Tue, 07 Aug 2012 20:17:41 -0000

Just changing the hardware on the cabinets will make them seem new.

Re: Should You Use a Mortgage Broker?

Oliver Rueter — Wed, 25 Jul 2012 04:54:45 -0000

An important thing to remember when doing this is that mortgage rates change daily, sometimes even multiple times during the day. So it’s ideal to get all your quotes on the same day to really compare apples to apples.

Re: What Is The VA Seller Concession Rule?

christineA — Tue, 24 Jul 2012 17:27:51 -0000

Funny, but I have been a veteran since 1988. Other than placing myself on the healthcare listing for being a veteran, which I should have done long ago. I have not used any of my benefits for being a veteran. Even the GI Bill that I paid into but never utilized. I was lucky to not have served during a wartime era, but we knew it was coming and Ft. Polk had regular desert training in California every few months. This was something I was considering, the house we are in was done by owner financing with a 10 year mortgage, which we are about 1/2 way through. Right after we got into this house which was in poor condition and still needs improvements. The economy went into the downhill spiral, that caused Bailouts and the housing market to change drastically. We are still under a contract at 7% interest. During that same time period my husband has accumulated enough in his 401K to cover the remaining balance of our mortgage. Not sure this would be an option, but checking it out anyway. Nice opportunity to join Veterans United.

Re: What Is The VA Seller Concession Rule?

christineA — Tue, 24 Jul 2012 17:18:24 -0000

Re: What Is The VA Seller Concession Rule?

christineA — Tue, 24 Jul 2012 17:16:00 -0000

Funny, but I have been a veteran since 1988. Other than placing myself on the healthcare listing for being a veteran, which I should have done long ago. I have not used any of my benefits for being a veteran. Even the GI Bill that I paid into but never utilized. I was lucky to not have served during a wartime era, but we knew it was coming and Ft. Polk had regular desert training in California every few months. This was something I was considering, the house we are in was done by owner financing with a
10 year mortgage, which we are about 1/2 way through. Right after we got into this house which was in poor condition and still needs improvements. The economy went into the downhill spiral, that caused Bailouts and the housing market to change drastically. We are still under a contract at 7% interest. During that same time period my husband has accumulated enough in his 401K to cover the remaining balance of our mortgage. Not sure this would be an option, but checking it out anyway. Nice opportunity to join Veterans United.

Re: What Is The VA Seller Concession Rule?

christineA — Tue, 24 Jul 2012 17:12:35 -0000

Re: Myth Busting Home Renovation Shows

PC_Bob — Sat, 21 Jul 2012 17:18:15 -0000

As an unwilling partner in a remodeling project, I fully agree with the author. It can take a LOT longer than you thought! We bought an older house 3+ years ago and right away my daughter said she and her live-in BF could rehab it in no time. While living in it and paying us rent. Three years later, BF is long gone and all the walls are still missing! Also, no rent. She says she will finish it, this year or next year, or? My brother-in-law also bought a house this year and the rehab is going very slowly. The house was in MUCH worse shape than he thought. Point: ALWAYS pay for a professional inspection BEFORE you buy a house! Know what you are buying. We didn't.

Re: What Lower Rates Mean To VA Loan Borrowers

Folly67 — Wed, 18 Jul 2012 08:30:32 -0000

Since my credit is not very good, lower rates don't mean a thing as I cannot get financing.

Re: What’s Stopping You? Hold-Ups and Solutions to Buying a Home

Edwin Allert — Fri, 13 Jul 2012 18:54:25 -0000

I like all this and all, but what about the Veteran who wants to build their home? There is no contractor alive that will take the financial burden to build a home and in the end hope that the VA construction loan will pay up. This portion of the VA home loans need to be fixed. And until that time comes, I will look elsewhere to try and get a construction loan the ol' fashioned way.

Re: Should You Use a Mortgage Broker?

Lowell Dearsman — Thu, 12 Jul 2012 14:24:18 -0000

You are a mortgage broker. You don't do anything but arrange loans then package and sell them to banks bailed out by taxpayers. Great job!

Re: What Military-Friendly Real Estate Agents Can Do For You

Jairo Arreola — Wed, 11 Jul 2012 18:06:57 -0000

This is so true! I am a veteran and I enjoy working with fellow vets. We speak the same lingo and I have a great time learning about their experiences and sharing mine.

Re: 5 DIY Projects to Avoid

Wlucas — Sun, 24 Jun 2012 17:45:56 -0000

Agreed. If you know what you're doing, then rock n roll, but if you don't know what you're doing and you screw up, it will cost you dearly to fix things and I mean dearly. So don't mess around and try to fix something that you're not sure about. Give it to a professional, don't take chances. You'll wished that you've taken heed to a word of caution. I found out the hard way, but fortunally, I was in the construction business and I had friends to help me out when I messed up... big time. So do yourself a huge favor, don't try to fix it yourself if you don't know for sure how to. Otherwise, you'll wished there was no hell on earth... believe me.

Re: How to Use a VA Loan to Purchase Investment Property

Scott Downer — Thu, 21 Jun 2012 08:47:19 -0000

still have to Focus on Jobs. my son was first feet on the Ground in Iraq * years military service and then collage and now has his Masters and gave last year teaching w/o a pay and now out of work.
Please people lets give to the real hero's .

Re: Will VA Borrowers Soon Need 20 Percent Down?

Sam Smargissi — Wed, 06 Jun 2012 07:50:22 -0000

Bob, I am trying to get support with this proposal. What do you think of it? What can you do to help out? I have several others ideas on Federally Insured Housing for Military Veterans. How many properties out here require renovations for our returning Veterans that have conditions? None. I have a way of reducing housing inventory, increase employment, and develop communities. I need someone to listen. Is that you?

Think about this. Housing is a
hot topic for our economy. How can we marry our military and our economy
together to make us a stronger America?

Think about: HUD REO's, 50% discounts and our
military. Good Neighbor Next Door. Today, six out of every ten properties
require renovation. We have our Military force returning from War with
conditions that require property to have renovations done to them. How many
properties do you know of that are ready for their needs? Imagine offering the
FHA 203k, to our Military, to purchase ANY Foreclosed property with a $500.00
down payment. Work with them regarding the conditions regarding the HAP Program
that (may, or may not) be working for them. There is a lot that goes into this
proposal, however, I do believe this offering will help our economy, stabilize
our neighborhoods, add jobs, and most importantly stand by our Military.
Perhaps getting the Department of Veterans Affairs to endorse this program and
bridge the gap between agencies. Perhaps the DVA can provide their Certificate
of Eligibility?

The HAP Program is administered through the Army
Core of Engineers. Another challenge I see in the current market, is that our
Military members are not eligible HAP since they do not fit the criteria. Many
are forced to move because they have orders but are unable to sell their
current homes because of the reduction in values over the last few years. This
is especially difficult if their housing allowance changes at their new
location to a lesser amount.

The current HAP Program is administered through
the Army Corp of Engineers. Currently they have purchased prior to May 2005 and
sale it prior to September 2012. Our service members that purchased after that
are still victims of the market. Many are forced to hang onto homes they can't
afford because of short sale will affect their credit and security clearance. I
don't feel that our service members, who are relocated during their service
tenure, should suffer negative effects on their credit if the military
relocates them. I think the banks should allow a short sale without the
negative reporting to credit bureaus if they meet certain requirements. Your
thoughts?

Re: Working With Customers to Build Credit and a New Future

Smashley842010 — Tue, 29 May 2012 22:03:48 -0000

Same with my husband he is 100% disabled and when he got out of the military the waiting for disability messed up our credit badly, it used to be a 721 now it's 523, It's sad that our credit is stopping our family from having our own home.

Re: 4 Simple Ways to Start your House Hunt

Louisrusso — Tue, 08 May 2012 23:02:08 -0000

Simple 1. Get pre approved with a real bank and not fly by night mortgage brokers. 2. Interview several Buyer Agents and IF you can find a PURE buyer agent or an agent who ONLY works buyers and never sellers, even better.
3. Stay away from USAA unless you want to pay higher interest rates, higher closing costs and take average of 17 days longer to close or If you want a realtor who is a SPECIAL USAA Realtor who they try to steer you to one, well they will do their best to steer you to higher commission and more expensive homes. Why, well because they have to make up for the 37% of the commission they have to kick back to USAA. Anyone USAA suggest you use kicks back to them and thus higher cost to you !!. Bottom Line get your own Realtor, Mortgage Bank, Home Inspector etc. USAA NOT your friend.

Re: Americans Still View Homeownership as Part of American Dream

Tabatha Jaeger Steele — Tue, 24 Apr 2012 13:05:47 -0000

You never actually own your own home or your own land or anything for that matter. The "American Dream" is a myth. If you don't agree with that statement try not paying your land taxes or IRs for a little while and see how much of what you "owned" suddenly isn't yours anymore. Not to mention the many people out there that have lost their homes and lands due to 'Imminent Domain".