Money and Mortgages Veteran Life Central

  • The Service Member’s Secret to Buying a Car Overseas

    The Service Member’s Secret to Buying a Car Overseas

    Picture this: You're PCSing to Germany and before you know it you're cruising on the Autobahn in your 350-horsepower Porsche 997. Or, you've just finished your 12-month stint in Afghanistan and when you get back stateside, your brand new BMW is waiting for its first joyride. These aren't just fantasies, but a reality for many service members who are serving or have served outside of the United States. You, too, ca…

  • Paper Checks From The VA Will End After March 1

    Paper Checks From The VA Will End After March 1

    Checks to vets and military households will generally end after March 1 under the government's “Direct Express” program. Instead of paper checks and envelopes, the government is moving to electronic deposits, funds which go straight from the Treasury into beneficiary accounts. The use of electronic transfers is ending an era. No longer will it be possible to say that a bill hasn't been paid because the “chec…

  • Military Members Hampered by Student Loan Debt

    Military Members Hampered by Student Loan Debt

    Student loan debt among military service members is mounting and the Pentagon has recently announced its concern over the issue. A report recently released says that military members are having trouble understanding the student loan benefits they can receive. Because of this misunderstanding, they are incurring tens of thousands more dollars in debt than they need to. The Pentagon's Concern About 41 perc…

  • A Call for Change to Deployment Pay

    A Call for Change to Deployment Pay

    When it comes to being deployed, increased risk should mean increased pay, but this just isn’t the case. I spent quite a bit of time deployed during my four years in the Air Force, serving in Africa, Afghanistan and Qatar, and never once was I directly fired upon by an enemy combatant. The worst I experienced was the occasional mortar attack on the base. After a while it becomes routine, and you just pull yo…

  • Foreclosures Lead to Housing Opportunities for Prospective Buyers

    Foreclosures Lead to Housing Opportunities for Prospective Buyers

    You never want to find yourself surrounded by the word foreclosure. We know that it carries a negative connotation which can make the idea of home ownership a frightening and overwhelming concept. But what if I told you that this word could be seen in a positive light? I'm about to show you how the upswing in foreclosures could soon be a windfall to those looking to become prospective buyers in the world of real esta…

  • 7 Credit Card Mistakes to Avoid

    7 Credit Card Mistakes to Avoid

    Credit cards are tools that can help veterans build a solid financial profile but they can also get you into trouble. U.S. households now have on average about $15,000 in credit card debt, according to NerdWallet. The best way to avoid the negative consequences of a bad credit score is to look out for some all-too-common mistakes when it comes to using credit cards. Multiple Accounts The number of credit card…

  • How to Prioritize Your Debt Payments

    How to Prioritize Your Debt Payments

    Consumers in the U.S. have no problem living on credit. Consumers on average carry five credit cards with at least $1,000 in debt. Paying off that debt is no easy task for service members, veterans or their spouses. Compound credit card debt with other forms of debt—car loans or mortgages—and making payments on time becomes a struggle. New research from the University of Michigan’s business school…

  • The Power of the VA Home Loan and Today’s Veteran Homeowner

    The Power of the VA Home Loan and Today’s Veteran Homeowner

    It’s almost too good to be true. A home loan with no mandatory down payment, no private insurance expenses, and easier qualification guidelines, all at a time when interest rates are the lowest in years throughout the industry. And it’s available exclusively for active duty military service members and veterans like you. Every day, hundreds of military families are finding out why the VA Loan is one of the …