If you are a veteran interested in buying a home, you simply can’t afford to ignore the VA home-financing program. Some benefits include reduced interest rates and fees, 100% financing available, and no down payment. Getting a VA backed loan is easy. Follow these five simple steps when purchasing a home, and enjoy the benefits of your service in the Army. 1. determine if … [Read more...]
3 MISTAKES MILITARY MEMBERS MAKE WHEN BUYING A HOME
Last month, the popular website, American Grit, interviewed AAFMAA Mortgage Services (AMS) COO Andy May. Since frequent relocation is just a way of life for the military community, it can remove a lot of headache to know precise mistakes you can easily avoid. Three ways to avoid some of the big ones, according to May, are: Be careful with your hard-earned … [Read more...]
The Best New Home Construction Mortgage Loan for Military Families
August 21, 2017 – The best new home construction mortgage loan for military families, according to Andy May, COO AAFMAA Mortgage Services. While many active duty members of the Armed Forces wait to build a home, those that do not move every three years (the average time for an active duty member to be relocated) have an affordable and transparent means to secure new home … [Read more...]
How to Repair Your Credit While Serving in the Military
August 15, 2017, by Brooke Faulkner - Members of the military benefit from some financial protections, such as a limit on the amount of interest and fees a lender can charge as well as protections from lease cancellations, evictions, and repossessions. However, a survey by the National Foundation for Credit Counseling suggests that the average military family has about $500 … [Read more...]
Tips for Navigating Your Finances After a Tour of Duty
December 2, 2015, by Brooke Chaplan - According to Veterans Inc, an organization that serves veterans at their families nationwide, there are 2.25 million veterans in the United States. With so many people returning from service, you may think help would be readily available. In many ways, there are plenty of services available to assist veterans in returning to civilian life. … [Read more...]