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.

Avoiding Foreclosure on a VA Mortgage

If you have a VA mortgage and experience financial issues that make it hard to keep up with your mortgage payments, you are not alone.

VA Loan Rules for Mortgage Approval: Employment and Income

VA home loans are government-backed mortgages. That government backing makes it easier to qualify with FICO scores, employment history, and debt ratios. But even with the government’s guarantee to repay the participating VA lender in case of home loan default, the borrower must still financially qualify for the loan. What do you need to know… Read more »

VA Home Loan Approval: Facts You Should Know

If you are eligible for a VA home loan and want to apply to buy a home, there are some issues you should be familiar with long before you begin the process. The VA loan benefit is one of the most important options offered for some military members and veterans; the ability to qualify for… Read more »

continuation pay

Blended Retirement System Continuation Pay: What is it?

What is Continuation Pay in the Blended Retirement System? One of the key features of the “new” Blended Retirement System (BRS) is a feature called continuation pay. In short, continuation pay is a bonus-like payment given mid-career, for those enrolled in the BRS, in exchange for adding more years to their service. BRS Broken Down… Read more »

early deposit military

Financial Institutions Offering Early Direct Deposits for Military

Banks and Credit Unions That Make Early Deposits for Active Duty Military As a standard rule, service members know their bi-weekly salary will get paid out on the 1st and 15th of every month. For instances when that date falls on a weekend, the pay gets moved to the closest weekday instead. However, there are… Read more »

VA Cash-Out Refinancing Loans: Good Or Bad Idea?

VA Cash-Out Refinance loans are an option for those who qualify for the VA home loan program. This refinance loan option can be used to refinance any mortgage whether VA or non-VA into a VA home loan with cash back to the borrower at closing time. VA cash-out refi loans are different from other government-backed… Read more »