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.
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 competitive rates, typically without a down payment.
Using Your VA Loan Benefits as a Veteran
VA loan benefits can help veterans buy a home, but there are important considerations to keep in mind. Learn what you need to know before you apply. Read more.
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 »
A Scam Warning from the Department of Veterans Affairs
Scammers are targeting veterans with fake offers of financial assistance. Learn how to spot these scams and protect yourself from fraud. Read more.
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 »
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. When that date falls on a weekend, the pay is moved to the closest weekday instead. However, many banks and credit… Read more »
2023 Military Pay Chart: Largest Pay Raise In a Decade
The Pentagon’s new budget includes a 4.6% pay raise for military service members in 2023. This represents the highest increase in decades.
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 »
VA Loans and the Appraisal Process: What You Need to Know
What You Need to Know About the Appraisal Process for VA Loans If you are interested in buying a home, the appraisal process is one of the most important parts of the journey toward purchasing a house. This is due to two things. One is that your loan officer is required to ensure the home… Read more »