And now we go in depth for a special Memorial Day real estate update with our real estate expert Nick Krautter of sellpdx.com and Keller Williams Real Estate.
Q. We’re almost to mid-year, what is your take on our market so far in 2012?
A. Lowest interest rates, highest rental rates, huge jump in apartment building, prices are at their bottom and investors are buying up everything they can.
Q. What do you think is the biggest benefit for veterans with regards to real estate?
A. Far and away it’s the VA loan program. This is a loan program for active and honorably discharged military personnel and also reservists with 6 years of service and widows whose spouses died from service related injuries.
Q. What are the biggest benefits?
A. The two big things are VA loans are zero down loans and they don’t have mortgage insurance. The rates are also comparable with conventional loans.
Q. Is there any catch?
A. There is a funding fee which is about 2% and that can be added on to the loan and the appraisals can some times be a bit tougher. It’s not the loan program for a fixer property.
Link: VA Loan info