Thinking about moving? Do you wish you could boost the value of your home without spending too much money on remodeling and refurnishing? There are a few things you can do to up the value of your home while keeping your budget intact. Try any combination of the following strategies!
Scenario 1: You need a better interest rate. Let's say for example that you are paying off a loan or a debt that has a high interest rate. The more time you take to pay that loan off, the more interest it will accrue.
If your house has a walkway to the front door, make sure that it too is well-kept. If your walkway edges your lawn, make sure your lawn is well trimmed and a healthy green. Plant flowers along the way and make sure the walk itself is in good shape. You might try replacing old concrete with a pretty brick or cobblestone path.
Again, the first impression of the inside of your house is extremely important. Make sure it is freshly painted, clean, and well-lit. Do what you can to make it feel bright and welcoming. Neutral bases with bright highlights are a great way to paint and decorate for a modern look.
Scenario 3: You can't afford your monthly payment. An easy way to get into even more debt is by paying off the debt you cannot afford with credit cards that you also cannot afford. This is a great way to get into more debt than you can handle, but there is another way.
Because there are many qualified veterans who have purchased their homes using a VA home loan in the past at a higher interest rate, there are likewise many who would benefit from a refinanced home loan through a VA streamline refinance loan.
Updating small features like doorknobs, faucets, and mirrors can go a long way. These changes don't have to be very expensive, but they will give each room a fresh, quality look that can boost the value of your home. Remember, value lies in the details.
However, this rate depends on the market and can easily go up. At this point you may regret your decision and want to switch to a fixed rate loan. Veteran's Administration's refinance loans give you the opportunity to do just this, and reduce or alter the risk of your loan.
If you are struggling financially, use the money you can receive through VA loans to help upgrade your home, then sell it for much more than it would have gone for earlier. The new owner will get a nicer home and you will have made your VA home loan money worth so much more!
Scenario 1: You need a better interest rate. Let's say for example that you are paying off a loan or a debt that has a high interest rate. The more time you take to pay that loan off, the more interest it will accrue.
If your house has a walkway to the front door, make sure that it too is well-kept. If your walkway edges your lawn, make sure your lawn is well trimmed and a healthy green. Plant flowers along the way and make sure the walk itself is in good shape. You might try replacing old concrete with a pretty brick or cobblestone path.
Again, the first impression of the inside of your house is extremely important. Make sure it is freshly painted, clean, and well-lit. Do what you can to make it feel bright and welcoming. Neutral bases with bright highlights are a great way to paint and decorate for a modern look.
Scenario 3: You can't afford your monthly payment. An easy way to get into even more debt is by paying off the debt you cannot afford with credit cards that you also cannot afford. This is a great way to get into more debt than you can handle, but there is another way.
Because there are many qualified veterans who have purchased their homes using a VA home loan in the past at a higher interest rate, there are likewise many who would benefit from a refinanced home loan through a VA streamline refinance loan.
Updating small features like doorknobs, faucets, and mirrors can go a long way. These changes don't have to be very expensive, but they will give each room a fresh, quality look that can boost the value of your home. Remember, value lies in the details.
However, this rate depends on the market and can easily go up. At this point you may regret your decision and want to switch to a fixed rate loan. Veteran's Administration's refinance loans give you the opportunity to do just this, and reduce or alter the risk of your loan.
If you are struggling financially, use the money you can receive through VA loans to help upgrade your home, then sell it for much more than it would have gone for earlier. The new owner will get a nicer home and you will have made your VA home loan money worth so much more!
About the Author:
Government Loan Pro is a licensed VA and FHA mortgage broker and we can provide a variety of VA loan options for you and your family. We make it easy to find refinancing options for your VA home mortgage loans, great rates on purchasing loans, and we'll connect you to the mortgage lender who can answer your questions and help you make the decisions that fit your financial needs.
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