Benefits of VA Home Loans for Military Families
There are many benefits that come along with being a veteran of the armed forces, however, what some may not know about is the VA mortgage benefits. Lending to anyone is a risk, and lenders always want some assurance that they will be repaid. Military borrowers must still go through an application and qualification process, […]
Are Active Military Personnel Paid Less than Minimum Wage?
For many civilians, paychecks are relatively simple to understand. You receive a either a salary or an hourly rate, you work your hours, you have taxes withheld, and you get paid. For active military personnel, paychecks aren’t as cut and dry. The big picture of military pay involves a lot of channels, conditions, and types […]
Does Joining the Military Help or Hurt My Credit Score?
Unfortunately, there aren’t many magic buttons to fix your credit score. Fortunately, on a similar note, there aren’t many that directly tank your credit score either. Both credit gain and deterioration take time and dedication, which your credit score is meant to reflect to potential lenders. So, joining the military won’t automatically help or hurt […]
401k Rate of Return: What Is a Good Rate of Return?
Retirement is a big consideration. Mostly because of the financial aspect of it, people everywhere are aware of the need to save and prepare for a successful and restful retirement. Of all the many financial vehicles out there to help people reach their retirement goals, the 401k plan is one of the most popular, especially […]
The 5 Best Refinance Companies and When To Use Them
Before refinancing your home, there are a few steps you want to take. First, make sure that you know your credit score and any negative information listed on your credit report. Second, get an appraisal done to see how much your home is currently worth. When you know that number, you can subtract what you […]
Why Your Mortgage Credit Score Is Lower Than You Think
If you’re like most people, you probably think that your mortgage credit score is the same as your FICO score. Unfortunately, this isn’t always the case. Creditors use scoring models specific to their industries, and this is especially true of mortgage lenders. After all, home loan lenders provide the largest loans most people ever have. […]