Picture of for rent sign and street.

“I have a VA Loan–can I rent out my house?”

While some homeowners rent out their homes for a major source of income, other homeowners rent theirs as a temporary solution to keep their property maintained when they’re must away for an extended period of time. Either way, the idea of renting out your house might seem appealing. However, let’s say instead of a conventional mortgage you have a VA Loan. Can you …

house shopping

Common Design Flaws to Look Out for While House Hunting

Previously, we discussed some important factors to consider when choosing a home. One suggestion was to decide how much work you want to put into your newly-purchased house. Wallpaper and carpeting are relatively easy and inexpensive to change. Remodeling the kitchen or adding another room can be fairly expensive “projects”. If you find yourself torn between two homes, try to determine …

va loan eligibility

I Served My Country; When am I Eligible for a VA Loan?

VA Loans are a great choice for most veterans. However, there are different requirements that determine eligibility and many pertain to time. VA loans call for different requirements depending on when you served, your rank, and your branch. In addition, members who were discharged dishonorably are ineligible to receive a VA Loan.  Clearly, in this situation the veteran would lose all military benefits. Other cases …

Saving for Home Mortgage

Refinancing a VA Loan: Four Examples of When to Try

Could You Save Money by Refinancing? Refinancing may not cross your mind on a daily basis. If you are content with your mortgage as-is, it might seem like more trouble than it’s worth. However, if you currently have a VA Loan and are current on your mortgage payments, you’re already eligible for an Interest Rate Reduction Refinancing Loan. The IRRRL is often referred …