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...]
Get the Life Insurance Plan That’s Right for You!
No one really wants to think about life insurance. But if someone depends on you financially, it’s a topic you can’t avoid. In the event of a tragedy, life insurance proceeds can: - Pay for funeral costs - Help pay the bills and meet ongoing living expenses - Pay off outstanding debt, including credit cards and the mortgage - Continue a family business - Finance future … [Read more...]
Military Pay Chart 2015
Basic Pay According to the Department of Defense announcement on December 22, 2014 in Washington D.C., most service members will receive a one percent pay raise in basic pay. For example, an E-4 that has 3 years of service will see an increase in basic pay of $22.20 per month. An O-3 with 6 years of service will receive a basic pay increase of $54.30 per month in 2015. General … [Read more...]