Homeownership has many positive features for Veterans and their families. A home provides shelter and safety. With planning, a home is an anchor to a strong community with solid schools for children. Connecting to the community can bring purpose and a sense of belonging to replace those experienced in the military. Empowering Veterans Through Homeownership Another positive feature of homeownership is the increase in net wealth, which can happen when the home appreciates in value over time. For example, if you purchase a $500,000 home and sell it later for $600,000, you keep the $100,000 extra that remains once you pay off the old mortgage. This money can be used for many reasons, including children's college education, starting a business, or retirement. For many, including Veterans, your home may be the largest asset in your portfolio. Most people purchase a home with the assistance of a financial institution and a mortgage – an agreement to pay for the purchase monthly over a...
