Qualifying for a VA Loan May Be Easier Than You Think

A recent survey by the National Association of Realtors (NAR) revealed that homeownership rates are higher among veterans and active military than those who have never served, especially within younger age groups. So, why are military personnel outpacing their non-military peers when it comes to owning a home? There are many possible explanations, but the impact of VA Loan benefits is certainly a factor. Of those surveyed by NAR, 54 percent of veterans and 74 percent of active military said they used VA Loans to finance their home purchase.

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Advance Approval May Help Win Real Estate Bidding Wars

In a competitive housing market, bidding wars are a sign that competition is fierce among potential buyers. While competition can be good news for sellers, for those looking to buy, it may cause dilemmas once it’s time to submit an offer. In fact, a recent survey by Redfin found that competition is a top concern for buyers, second only to affordability. Buyers know they must put their very best offer on the table, with aggressive timelines and as few contingencies as possible. So, how does a buyer who is financing their purchase improve their chances of getting an offer accepted?

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How To Build Good Credit As A Young Person

One of the first steps to true independence is developing a strong sense of financial responsibility. The moment you start earning any money at all is the ideal moment to learn about money management, budgeting, and the importance of good credit. Whether you are exploring financial independence for the first time, or looking to re-build after a few credit mistakes, here are some options for getting on a path to a solid credit history.

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How to Save For a Home While Managing Student Loan Debt

First-time homeowners are often younger than the average homebuyer, which means lower income levels, less money saved and, typically, more student loan debt. Concerns about student loans often discourage would-be first-time buyers from pursuing their goal of homeownership. If you’re considering purchasing your first home, these tips can help get you there.

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How to Level the Playing Field in a Competitive Housing Market

A recent Wall Street Journal article pointed out that real estate investors may be pushing young, first-time homebuyers out of the housing market. Low and mid-priced homes, which appeal to both first-time buyers and investors, are in tight supply. Investors are swooping in with all-cash offers only to turn around and rent out the properties. As rental rates skyrocket across the nation, investors stand to benefit while potential homebuyers are challenged by high rent that may prolong saving for a down payment. Is there a solution? Can buyers finance a home purchase and still put forth a strong enough offer to compete against all-cash? We asked Realtor® Dana Green to weigh in on how buyers can level the playing field.

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