The VA Loan is one of the most powerful financial tools available. Many service members and veterans (ourselves included) have used it to become homeowners. If you know using the VA loan is in your future, it pays to understand how VA loan entitlement and funding fee work. Understanding how these affect the properties you can buy allows you to make the best decision when making your purchase with the VA loan.
Category Archives: Personal Finance
How to Invest Your Deployment Money to Build Long Term Wealth
Much like they contribute to national security, deployments can contribute to your financial security. Here are three diversified investments to help you turn your deployment money into long term wealth for you and your family.
9% Yield! What are I Bonds and How to Buy Them
Inflation linked Bonds (I Bonds) are 30 year bonds which pay interest semiannually. They are a popular investment right now because they are currently yielding 9.62% risk free. Though popular, there are some quirks that you should know prior to investing:
Emergency Savings Calculator
The first real taste of financial independence is when your savings are sufficient to give you peace of mind. Savings are the essential first step upon which all your future financial success will rest. Do you have enough saved? How to Find the Right Amount of Emergency Savings Whether you are just getting started orContinue reading “Emergency Savings Calculator”
What to Know About Taxes When Selling Your Home
what to know about taxes when selling your home Using the VA loan to invest in real estate is a great way for service members to achieve their financial goals. An investment property can bring in cash on a monthly basis while building equity over time. Countless service members have done this, and many moreContinue reading “What to Know About Taxes When Selling Your Home”
Tax Breaks Every Military Family Should Know
The Most Relevant Tax Breaks for Military Families Military life is uniquely challenging for both the service member and their families. Fortunately, there are plenty of lucrative tax breaks that you can take advantage of through deployments or frequent moves. Here are the ones you should know: Combat Zone Tax Exclusion Home Sale Tax ExclusionContinue reading “Tax Breaks Every Military Family Should Know”
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Key West:The Best Military Discount
How to Get the Best Military Discount in Key West The Navy Gateway Inn and Suites (NGIS) has Vacation Rentals available for active duty military members. These are 3 bedroom, fully furnished townhouses that house up to six people. Here’s how you book them: Go to the NGIS Key West Website Enter your stay informationContinue reading “Key West:The Best Military Discount”
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Mortgage, Equity, and Amortization Calculator
Mortgage Quick Links Mortgages There are more than 5 common mortgage types. Learn which is best for you. Financing Calculator The cost of interest is the true cost of a loan. See what different loans will cost you. Learn the VA Loan The VA Loan is a powerful wealth creation tool. Learn how to youContinue reading “Mortgage, Equity, and Amortization Calculator”