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Renting in Northern Virginia is like throwing money away!
Does Renting Make Sense for you?
Today I want to talk to all the Military Veterans who for whatever reason are renting a home. Your VA Loan is your ticket to home ownership.
Here in Northern Virginia where rents run about 30% higher than mortgages on the same home it has become a wise choice to buy when PCSing or living in to Northern Virginia area. Over the years many Military Veterans have purchased homes and then rented it out when they left the leave the area. Many have done very well on those rentals over the years.
If you are going to be in the area 3 years or longer it is always wise to purchase rather than buy if you have your VA Loan available for use. It does not matter if you are a first time or second time user it is still cheaper to Buy then Rent, Did you know your deposit to buy a home uses VA can be less than the deposit to rent a home!
Lets talk about that it takes to Rent VS Buy
A typical single family home around Fort Belvoir area for example is $3000.00 to rent and that would mean you need $3000.00 deposit and $3000 for first months rent. And if ... more
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