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.
With the many available scholarships, grants and other options for financial aid, paying for college doesn’t have to be intimidating.
Payday lending (sometimes called a “cash advance”) is the practice of using a post-dated check or electronic checking account information as collateral for a short-term loan. To qualify, borrowers need only personal identification, a checking account and income from a job or government benefits, like Social Security or disability payments.
The Military Lending Act protects military families like yours from wrongful loan practices.
Buying a car or appliance? Applying for a loan? Paying off debt? Saving for college? You can learn how to take more control of your personal finances. Military OneSource has assembled 11 calculators to show you ways to pay off debt and help you better manage life’s financial decisions.
Don’t think you can afford college? Think again. In addition to military tuition assistance and Department of Veterans Affairs education programs, numerous loans and opportunities are available to help you fund the next step in your education.
Military OneSource stands by your side with information and resources so you can support your child’s education. Military families have several options when it comes to financing your youth’s college or trade school education, including scholarships, Post-9/11 GI Bill® benefits, education grants, loans and college savings programs. Your children’s goals are as important as your own, and Military OneSource has your back as you plan for this milestone.
Applying for a loan is a common first step toward buying a home, buying a car or going back to school. The application process itself can be stressful, and there’s nothing worse than hearing your loan application was denied. Even with a steady income and a good payment history, your loan application could be rejected because you already have too much debt.
Whether you are house hunting, paying off debt or looking to buy car, financial calculators can help you explore financial decisions…before you spend any money.
Buying a car is a major purchase. There’s a lot to know – from sticker prices to auto loans to warranties. Avoid getting ripped off or buying more car than you need.
Your military friend or family member serves our country with integrity and honor. Unfortunately, there are scammers out there who try to take advantage of that service to cheat them and you. You can help protect your service member against military scams by learning the warning signs of schemes that target those in the military community.
Guard and reserve members are entitled to benefits and services offered by the Department of Veterans Affairs, just like their active-duty counterparts. The VA can help Guard and reserve members cover the cost of school, secure a home loan or acquire life insurance.
If your service member ever gets into financial trouble, it can impact their military career. For this reason, there are two major laws – the Servicemembers Civil Relief Act and the Military Lending Act — that help protect the finances and ease the stress of active-duty service members and their families.
If you’re having serious financial problems, your service relief organization may be able to help. Army Emergency Relief, the Navy-Marine Corps Relief Society and the Air Force Aid Society are here to help you weather financial emergencies.
Service members and their families who have been affected financially as a result of travel restrictions, closures and other events associated with coronavirus disease 2019 can check with their service relief organization to see if emergency help is available
Financial services, as referred to in the law, are defined as life insurance, casualty insurance and other insurance; investments in securities or financial instruments; banking, credit, loans, deferred payment plans, and mortgages.