Preparing to Purchase a Home as a Military Family
Buying a home may be the biggest money-decision you make. Here’s a list to can do the prepare you for a home purchase as a military family.
Finance
Service members and veterans have financial benefits and resources that their civilian friends don’t. Make sure to take advantage of these benefits. These include everything from exclusive life insurance options, to retirement benefits, to VA home loans. You have an amazing opportunity to save money, plan for retirement, and buy a home at good rates without a down payment.
Personal Finance Face-Off: Dave Ramsey v. FIRE
Choosing Dave Ramsey or FIRE – Personal Financial Management in the Military Dave Ramsey and his counterpart Financial Independence Retire Early (FIRE) are two big names in personal finance. Both offer advice on how to save your money and live comfortably in your later years, but as a service member how do you know which… Read more »
VA Loan: Can You Borrow More Than Your House Is Worth?
Learn about VA loan entitlements that may allow you to borrow more than your home’s value, and find out how to apply for this benefit.
VA Loans: What You Need to Know
Homeownership remains at the heart of the American Dream. To assist Veterans and Service Members in purchasing a home, the Department of Veterans Affairs (VA) created the VA Home Loan program. Learn more.
VGLI Application Period Extended
Extension of VGLI Application Period The VA has extended the Veterans’ Group Life Insurance (VGLI) application period by 90 days. The extension of the application period ensures all eligible service members and veterans have an opportunity to apply for VGLI despite the widespread upheaval caused by COVID-19. Under the VGLI application period extension, former service… Read more »
Ways to Improve Your Credit Score as Service Member or Veteran
Credit scores are a snapshot of your credit file and vary based on several factors. Find ways to improve your credit score to better your financial health.
Take Ownership of Deployments
Deployments are a fact of life for military families. Deployments can mean missing birthdays, holidays, and special occasions with your military member. However, they can also be a time of growth and opportunity to achieve personal and professional goals. A deployment might just be the perfect time to accomplish them.
Service-Disabled Veterans Insurance (S-DVI) Overview
VA.gov states, “This program stopped taking new applications after December 31, 2022. But if you already have S-DVI, you can keep it.” What follows is for reference purposes only, the Department of Veterans Affairs is not taking new S-DVI applications. Service-Disabled Veterans Insurance Service-Disabled Veterans Insurance (S-DVI) was a Veterans Affairs insurance program that offers… Read more »
Veterans’ Mortgage Life (VMLI) Overview
Veterans’ Mortgage Life (VMLI) If you have a service-connected disability that the VA concluded was caused or made worse by your service, you may be eligible for a Veterans’ Mortgage Life Insurance (VMLI) policy. In the event of your death, this insurance can help your family pay off the home mortgage that has been adapted… Read more »
Thrift Savings Plan (TSP): Everything You Need to Know
The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees. The plan is also available for members of the uniformed services, including the Ready Reserve. Congress established the Thrift Savings Plan in the Federal Employees’ Retirement System Act of 1986. The TSP offers savings and tax benefits that private corporations… Read more »