Good News for Veterans!

Today's news includes an announcement by Wal-Mart that they are pledging to hire 100,000 Veterans with honorable discharges over the next 5 years. I think this is great. I am not really a Wal-Mart fan, but this could make me one. I have seen some numbers that if a veteran who works for Wal-Mart has a spouse who has an average job, that they could qualify for the average home in the U.S. which is $186,000. So selfishly that could be a boost to the housing industry.

And since we at MIG also specialize in VA loans we can participate too. This is a good time to point out that THDA (the first time buyer agency in Tennessee) is offering Vets (and they don't have to be first time buyers) one half per cent off on their mortgage. That would put their starting rate at 3.1%. This is their Homeownership for the Brave program.

So if you know a Vet we can help please email me at george.margrave@migonline.com or call me at (615) 777-3299 and I will help them!

Housing Market Comeback

By any measure, almost everyone would agree that the housing market is finally making a comeback.  It is an ideal time to buy if you have a need.  The prices are great (at least if you are buying) and the interest rates are even better.  The bottom line is that housing affordability is amazing.  You can buy much cheaper than you can rent in most cases.


Here is the problem.  Various groups in Washington are wanting to take away the mortgage deduction and not wanting to renew the deductibility of PMI.  And there are other issues that would hurt.  The country doesn’t need to do anything that hurts the housing industry.  We all know it has been difficult enough to get it back on the right track.  Please let your Representative or Senator know.