Article by: Amy Clements
Military members and veterans move more than almost anyone else in the country. No doubt some of those moves involve the decision to buy a home; and what do we love the most when it comes to complex processes that involve high stress? That’s right, checklists.
Here’s my checklist of the 5 basic things you need to consider before buying a home:
- VA Loan
One of the big things that sets military and veteran buyers apart from the crowd is the VA loan. These are loans that are guaranteed by the government and therefore come with a few perks; the biggest one is that no down payment is required. None. Nada. But because the government is involved, eligibility comes with many rules and requirements so one of your first steps is to verify your eligibility. You can check the VA loan requirements here and if you qualify, get your Certificate of Eligibility (COE).
Keep in mind that just because you qualify for a VA loan does not mean you need or even want to use it. It may be more financially advantageous for you to use a different type of loan and that leads me to my second, and very important step….
Much more information on the original page : http://blog.pcsgrades.com/military-veteran-home-buying-tips/
