Buying a house is not always an easy decision for military families. While we have the same worries as everyone, ranging from what can we afford to dealing with maintenance, we also have the extra worries and questions that come with frequent moves and having spouses gone for extended periods of time. What happens if orders come unexpectedly and the house can’t be sold? With all the downsizing, what happens if the service member’s reenlistment is denied? If the spouse is deployed, can the maintenance and yard be kept up easily? On top of that, so many people don’t know where to start when going about getting a mortgage or what all a VA loan can do for them.
Military credit unions like Navy Federal Credit Union have a special advantage because they get the military lifestyle. Just check out the infographic below. For instance, did you know the VA can help negotiate payment terms with the lender if you are having trouble making your payments? I didn’t know that. There is so much involved in buying a home (we are in the process of selling ours and it’s almost just as much stuff!) that it’s best to have someone on your side who understands the ins and outs of the VA and the military.
The Military Home: A Household Unlike Any Other – An infographic by the team at Navy Federal
Disclosure: I was compensated for the post, but all thoughts and ideas are my own.