Get Pre-Approved !!! Simple as 1-2-3!

Obtaining pre-approval for your VA loan amount is an excellent time-saving step. Once you know the exact amount you’re eligible for in your VA home loan, you can begin searching for a home as a ‘serious buyer’. You’ll know in advance exactly what you can afford and what is outside your price range. It’s the kind of security you’ll be grateful for as you search for the best value for your money. With a pre-approval, you avoid wasting time with property that’s out of your price range or sellers who are unsure whether you mean business.

 You Actually Own It – In today’s unique housing market, first time home buyer have a mortgage payment that is equal or at least close to what they pay in rent. Fortunately, those who buy a house and pay a mortgage are working towards a financial investment while those who pay rent are dumping money into the investment of their landlord. In short, a mortgage will stop one day and you will own a home while rent paid is money you will never see again.

 Tax Deductions – Becoming a homeowner comes with several perks one of which is the ability to add deductions when it comes tax time. In some cases, interest accrued from mortgage payments as well as property taxes can be deducted from your taxes. For those of you that use your purchase to make a profit, which is the case when you buy a home and rent it out, you will be able to deduct things like maintenance costs.

 The Ability to Customize – Renting leaves little freedom for personal changes in the apartment. If you hate that aqua blue carpet in the living room you have two options. Expensive area rugs to hide as much as possible or simply closing your eyes. The same is generally true for the paint on the walls, the set up of the kitchen, and the landscaping outside. On the other hand, homeowners can see their new abode as a blank canvas filled with possibility.

 The Ability to Buy Bigger and Better – First time homeowners seldom stay in the same house the rest of their lives. Events like marriage, children, and career changes can all make it necessary for you to move into a different house. You can use your home as an investment to buy up when needed. The need for more space, a better neighborhood, accommodate a new job, or just to fulfill your housing dreams, owning a home in time will give you the equity to do so.