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Desert Wings                                                                                                                                                                      July 3, 2015

6 www.aerotechnews.com/edwardsafb                                                                                                                                   facebook.com/EdwardsDesertWings

Seminar provides advice for smart home buying

by Rebecca Amber                                  RQWKH9$ZHEVLWHZZZEHQH¿WV         HVWRQO\ORDQDQ$50ORDQRUEDO-      The base housing office does         To see homes for rent that have
Staff writer                                                                                                                   community inspections for houses     EHHQYHUL¿HGE\EDVHKRXVLQJRI-
                                                  va.gov/HOMELOANS/.                     loon payment at the end?              and apartments in the area to en-    ¿FHVYLVLWWKH'2'DSSURYHGVLWH
  Whether you are a first-time                      9$¿QDQFLQJFDQDOVREHXVHG                                              sure that renters and buyers are in  www.homes.mil.
home buyer or looking to purchase                                                          Once a home seeker has talked       ³TXDOLW\FRPPXQLWLHV´7KH\DOVR
an investment property, the Hous-                 WRUHQRYDWHD¿[HUXSSHU4XDOL-                                             provide information on local util-     The Housing Management Of-
LQJ0DQDJHPHQW2I¿FHLVKHUHWR                                                         to the bank and determined their      ity companies including what de-     ¿FHLVRSHQDPSP0RQ-
help. June 17, they brought subject               fied renovations might include                                               posits the home buyer can expect     day-Friday, closed on federal holi-
matter experts to the Airman and                                                         price range, they need a real es-     to pay. For the active duty person-  days. Walk-ins are welcome.
)DPLO\5HDGLQHVV&HQWHUIRUDIUHH               kitchen or bathroom remodels or                                              QHOWKHKRXVLQJRI¿FHDOVRTXDOL-
Home Buyer’s Seminar.                                                                    tate agent or realtor to find a       fies both inbound and outbound         For more information, call the
                                                  new plumbing.                                                                members for on-base housing at       Housing Management Office at
  “We offer services for any Ed-                                                         property. Greg Galli, Greater AV      current or new locations.            661-277-4506 or email 412tw.
wards AFB employee; if you need                     “There’s a lot of criteria, you’ve   $VVRFLDWLRQRI5HDOWRUVSUHVLGHQW                                        ce.housing.questions@us.af.mil.
help finding a place in the local
community, if you want informa-                   got to jump through a lot of hoops     explained the differences between                                                                                               Air Force photograph by Rebecca Amber
tion about the off-base options, we
SURYLGHWKHLQIRUPDWLRQWR\RX´                 to do it, but it’s eligible and you    the two.                              7KH+RXVLQJ0DQDJHPHQW2I¿FHRIIHUHGDIUHH+RPH%X\HU¶V6HPLQDU
said Amanda Cardwell, housing                                                                                                  June 17, at the Airman and Family Readiness Center.
management specialist. “A good                    can go up to $35,000 maximum             “A realtor is somebody who has
90 percent of our business, now                   IRUWKHUHKDEFRVW´VDLG'HH
that we are privatized, is off-base                                                      a real estate license, but they sub-
UHIHUUDOV´                                         Financial adviser Scott Alexan-      VFULEHWRDKLJKHUFRGHRIHWKLFV´

  During the seminar, house seek-                 der, reminded attendees that it’s      said Galli. “If you have a problem
ers learned about realtors, title and
escrow, and home inspections. For                 important to get pre-authorized or     with your realtor, you can report
9$ORDQTXDOL¿HGSHRSOH'HQLVH                  SUHTXDOL¿HGIRUWKHORDQEHIRUH      WKHPWRWKHERDUG´
Dee, senior home loan consultant,
was there to explain how to make                  looking at houses.                       After a house is chosen, both
the most of the VA funding.                         5HFDOOLQJKLV¿UVWKRPHEX\LQJ
                                                                                         the buyer and seller enter escrow.
  According to Dee, the VA offers                 experience he shared, “I’m walk-
XSWRSHUFHQW¿QDQFLQJZLWK                                                         The escrow specialist is “like the
no down payment and no private                    ing into this million dollar house     KXERIWKHZKHHO´WKDWFROOHFWVDOO
mortgage insurance. There is how-
ever a VA funding fee. The maxi-                  going, ‘this is great, this is so      of the pertinent documents for the
mum financing varies for each                     QLFH¶,WKDGKHDWHGWLOHÀRRUVDQG
state and county, and can be found                                                       sale.
                                                  I’m thinking, ‘this is so great, I’ve    ³(VFURZFDQEHYHU\VWUHVVIXO´
                                                  JRWWRKDYHWKLVKRXVH¶´
                                                                                         said title and escrow specialist Mi-
                                                    But when he got to the bank,
                                                                                         chelle Flanagan. “Take everything
                                                  he was quickly informed that
                                                                                         very slow, go through it and when
                                                  he could only afford a $160,000
                                                                                         you have questions ask us, we are
                                                  house.                                 KDSS\WRKHOS´

                                                    “This is the most important            7KH¿QDOVSHDNHURIWKHDIWHU-

                                                  thing: what you borrow is more         noon, Greg Bechner, is a home in-

                                                  important than the interest rate,      spector and general building con-

                                                  because what you borrow is what        tractor. He said not all defects are
                                                  \RXRZH´VDLG$OH[DQGHU
                                                                                         obvious, which makes a thorough
                                                    He also addressed common
                                                                                         home inspection crucial. Even
                                                  questions like, should I pay it off
                                                                                         brand new homes can fail parts of
                                                  early? And, should I get an inter-
                                                                                         the inspection.

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works to save his son from a deadly disease.

St. Jude patient, Aaron, with his father Lieutenant Commander, Scott    800-822-6344
                                                                           stjude.org

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