Renting vs Buying a Home - VA Home Loans

home buying tips | mortgage help | how to refinance

Faced with renting vs buying a home, VA home loans for active military deserve more than a passing thought.

Long term commitment feels a little scary from time to time especially when your living arrangements are subject to change with very little notice. That's why the thought of renting vs buying a home might seem more comfortable if you are in the military.

In light of this, let's explore the benefits of renting.

Benefits To Renting vs Buying A Home

At the heart of renting is the ease of mobility, especially on a month-to-month lease. In the same way, there is something to say for the ability to move on the turn of a dime while serving in the military.

Compare that to signing up for 30 years of house payments whether or not you continue to live in the house.

And what about repairs? Yes, in general when a house goes awry, it's the landlord's job to pay for repairs. In contrast, homeowners are responsible for expenses related to home maintenance.

Further Considerations of Renting vs Buying a Home

Are you a candidate for homeownership or better off remaining a renter? Here's a few considerations for those serving in the military.

Questions for active military to ask themselves concerning renting vs buying a home...

• Will I live somewhere long enough to commit to a long-term mortgage?
• Am I willing to rent out my home to a stranger if I receive transfer orders?
• Can I afford covering the difference between rental income and mortgage payments?
• How would I can cope with being an absentee landlord
• Will my household budget afford a property management company if I'm transferred?

Because you are in the military, zero downpayment options are available to ease you into mortgage affordability.

Pride of Homeownership

Take this into consideration. Pride of homeownership!

"The strength of a nation derives from the integrity of the home." --Confucius

It's true, in the end only you can decide whether homeownership is right for you. However, before you decide one way or the other, I encourage you to explore VA home loans.

You served your country and now it's time to enjoy the benefits of your service. Discover what the VA home loan can do for you!

What do you want to do next?

More on renting vs buying a home... Ultimately, having a place that we call our own is part of the American Dream. Discover more about the pros and cons of renting vs buying a home.

My articles inject fresh insight into Buying A Home - Check them out today!

Hop to the Home Page from Renting vs Buying a Home - VA Home Loans