Posts with tag 'Wright-Patt Realty'

For many Americans, saving 20% for a down payment on a home, much less a down payment at all, can be a struggle. Fortunately, as an active or former member of the United States military, you have certain privileges when it comes to getting a home loan. The U.S. Department of Veterans Affairs sponsors one of the most coveted mortgage products for military members in the form of the VA loan.  

Our REALTORS® have worked with countless active military members, veterans, and their families to help find solutions for them to realize the dream of homeownership.  Here's everything you need to know about VA loans.

• No Down Payment
  Probably one of the most attractive attributes of VA loans is the fact that no down payment is required. Most conventional loans require a 5% down payment with 20% needed to avoid private mortgage insurance (PMI). Most Americans have a hard enough time cobbling together 5% down, and many won't reach the 20% threshold until they've paid as much in equity. Fortunately for veterans, there is no down payment required for a VA loan, meaning you can finance 100% of the purchase price of your home.

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Thanksgiving brings some immediate thoughts to mind: home, family, and food. And while that special meal may top this list of traditions you'll be thankful for, not everyone has the time or skill to do it all. We highly recommend outsourcing at least part of your list, or in this case at least dessert. Discover five Beavercreek bakeries for your Thanksgiving dessert needs, and let our REALTORS® help with the home. 

Best Thanksgiving Sweet Treats

Discover the best options to find the perfect take-home dessert in your Beavercreek neighborhood. As an honorable mention, we've included cake in our dessert quest to ensure you have a wide variety of sweet, sweet choices.

1. The Cake Shop - 2231 N. Fairfield Road, Beavercreek, OH 45431
   A short drive from the heart of Beavercreek, The Cake Shop provides a simple name for a simple service—sweet, delicious treats. Choose from a large variety of baked goods that can be designed specifically for your occasion. This is a great place to find a perfectly themed dessert.

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Buying a new home when you own another one with a mortgage can be a complicated situation. Most lenders won't qualify you for a new loan until you have sold your current home. Unless you're comfortable with moving into a temporary living situation, you'll need a bridge loan. Our REALTORS® are happy to explain what bridge loans are, how they work, and why they're an attractive option for homeowners who are in fixed situations.

What is a Bridge Loan?

It's all in the name. A bridge loan is a type of financing that is meant to bridge the gap between closing on a new home and selling an existing home. Also called "gap financing" or a "wrap," bridge loans enable individuals to address current needs before securing a mortgage or long-term loan. Bridge loans are usually short-term and can be arranged with little documentation. If you urgently need to buy a new home but are still saddled with your current one, you can facilitate the purchase with a bridge loan. In this case, your existing property becomes the collateral for the loan.

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Buying a house is a major investment, and as a homebuyer, it's important to do everything you can to protect the investment you make in your property. Homeowners insurance is one of the biggest keys to protecting your investment, and most lenders require you to purchase insurance if you have a mortgage. Even without a mortgage, insurance is important for every homeowner. Our REALTORS® are here to help you protect your home, with our guide to making sense of homeowners insurance.

Home Insurance 101

• Why Mortgage Lenders Require Homeowners Insurance
  Whether you're shopping for Beavercreek homes for sale or homes in another location, your mortgage lender is likely to require you to purchase homeowners insurance. Lenders require insurance because it protects their investment in your home. If something goes wrong with the property, the lender wants to know any costs will be covered. With the right insurance policy, you'll be able to cover repairs of the most common issues that can damage your home. In addition to covering damage to the home itself, many home insurance policies provide coverage to repair or replace personal belongings in the home.

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Poor Linus wouldn't have to wait so long for the Great Pumpkin if he moved into one of the beautiful Beavercreek homes for sale. Find the perfect jack-o-lantern or holiday table centerpiece at these great pumpkin patches around Beavercreek.

• Katie's Pumpkin Barn - 2128 New Germany Trebein Road, Xenia, OH 45385
  The family team behind Katie's Pumpkin Barn started out 22 years ago selling pumpkins from their driveway not far from Xenia homes for sale. Today mom Laurie works the field while daughter Katie handles the barn. Try your hand solving the puzzle of the all-ages corn maze added this year. Whenever possible, the farm animals will be outside the barn for feeding and photo opportunities. Katie's is open 10:30 a.m. - 8 p.m. daily until the end of October.

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