The first step toward owning your own home is meeting with a lender to secure a loan. The Home Loan Program, through the Department of Veterans Affairs, is a substantial benefit you have earned with your military service. These invaluable loans require no down payment, no private mortgage insurance, and negotiable interest rates.
Your service member doesn’t have to face financial hardship alone. Free information, resources and counseling are available.
As an active-duty service member, you receive many benefits and entitlements like free access to Military OneSource services and support. One of the primary benefits to working in the military is a steady paycheck and tax-free allowances. Here’s a summary of the different military pay elements you might see on your monthly Leave and Earnings Statement.
If your service member has recently entered the military, you may now lose the ability to claim them as a dependent. On top of that, this may be the first time your loved one has ever had to file a tax return.
The day will come when you’re preparing to get out of the military. You might have spent many an hour already thinking about where you want to live when you get out. Now it’s time to get practical.