Assuming a loan allows you to take over the mortgage of another homeowner. Doing so allows you to skip the long, expensive process of applying for a brand new mortgage. While there's still paperwork involved, it can be a very convenient option. Assuming a VA loan has its own set of specific pros and cons for military buyers...

The U.S. Department of Veterans Affairs offers multiple financing options for veterans who want to buy a home. However, the VA does not offer homeowners insurance. During your home buying process, you'll also need to get homeowners insurance to protect your property. Here are some ways veterans can save on homeowners insurance: Shop around There are countless insurance...

The U.S. Department of Veterans Affairs has helped countless veterans finance their home ownership goals. While you have the choice of a conventional loan offered by other mortgage lenders, there are some significant benefits to VA loans. Here are some of the most important advantages to consider: No Down Payment The most famous benefit of VA loans is...