Making the transition from active duty to civilian life is never one to take lightly. Not only will the change transform your identity, pay check and location, but the transition will even affect your path to homeownership. For example, did you know that if you're leaving active duty to be an entrepreneur or start a sales role - in most cases you will need TWO YEARS worth of income history to qualify for a loan? Fortunately, our webinar tomorrow is going to drill down in detail on military transitions and home buying. WEBINAR Military to Civilian Transition Thursday, November 21 2024 2:30 PM CST Join the event and bring your questions! ?? https://lnkd.in/g4bTxRQp #military #homeownership #webinar
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At what point(s) during your #militarytransition timeline should you make certain important financial decisions??? Well, look no further! (Actually, look down ??) I know there are a lot of timelines available out there, but from an overall #personalfinance perspective, some of them are just plain bad. ?? I figured that it might make sense to create one that focuses specifically on some of the things that I did not like with some of the other checklists out there. Keep in mind that everyone is different, and while something may work someone else, it may not be the best solution for you, and you should always consult with a professional if you have questions or concerns. ?? Follow me for more insights into Military Transition, SBP, VGLI, TSP, and VA Disability. Want to stop making Military Money Mistakes? Click on the link below and learn how to stop working for your money, and start making it work for you. ?? https://lnkd.in/gif7Av2i #military #veterans
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Returning to civilian life after serving in the Armed Forces, for some, can be difficult and daunting. One way Summit Pointe can help is through the Supported Employment program – helping veterans and others find purpose through employment. Our team member Stephen oversees the VA Laundry facility and joins us in this episode to talk about helping veterans find new purpose through the VA Laundry facility – which has implications well beyond employment. https://lnkd.in/g9nrg9Ym #SummitPointe #VeteranSupport #Veterans #VeteransDay #SupportiveEmployment #SupportOurTroops
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Part 3: 0% down with VA loan vs. 20% down... Do you like my cheesy Bill & Ted analogies? #realestateinvestors, #militarytomillionaire, #realestateinvesting, #usmilitary, #usveterans, #militaryveterans, #militaryservicemembers, #financialeducation, #financialliteracy, #financialfreedom, #activedutymilitary, #investingtips101, #militarylife, #militarylifestyle
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Know your numbers = better deals Especially if you want to find and land creative financing deals, or else you're going to get a big f*ck you and the door slammed in your face. Don't be an idiot and go up to a potential seller and make the deal sound 100% good for you and 0% good for them. You have to figure out what the seller wants and needs, and from there, you can figure out how to make the deal work. It's either 'Your Price, My Terms' or 'My Price, Your Terms' - usually never my price AND my terms #realestateinvestors #militarytomillionaire #realestateinvesting #usmilitary #usveterans #militaryveterans #militaryservicemembers #financialeducation #financialliteracy #financialfreedom #activedutymilitary #investingtips101 #militarylife #militarylifestyle #creativefinancing #creativefinance
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How service members can break the cycle of living paycheck to paycheck No matter where you are financially, you can improve where you are. Use your resources to make this the year you break the cycle of living paycheck to paycheck! #finances #military #militaryfamilies
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The importance of an (ITF) Intent to File date. An Intent to File date sets an effective start date for your benefits. An active ITF date is good for a period of one year. This allows a Veteran time to gather all essential evidence to support their claim. Most favorable decisions will include retroactive benefit payments. Unfairly rated, filing a claim to increase your benefits? Reach out to us at [email protected] #veteransupport #militaryveterans #retiredmilitary #military #veterans #veteransbenefits #disabilityclaims #disabilitybenefits #disabilityrating
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Super frustrated with the U.S. Department of Veterans Affairs Post-911 GI Bill benefits and the process. First, MilConnect is the system we have to use to transfer benefits, but it doesn’t communicate with the VA system. There’s no way to make them talk presently. However, MilConnect is where the military member has to make transfer adjustments, but they don’t get updated in the VA system unless there's a triggering event, which seems to be a bit opaque. If you don’t have VA adjustments completed correctly at the time of final benefit exhaustion, it can cost you days and dollars of benefits. I’ve spoken to the U.S. Department of Veterans Affairs multiple times to adjust my final record for my child’s benefits. Each time, they assure me it will be fixed, but every new semester, I face the same issue. Other problems include VA customer service being helpful but not allowed to keep notes on the record unless they complete an action, so pending actions don’t get saved. This means you lose all history of past interactions to fix issues if they were never resolved. I am now being told to 'call back' for the same issue for the 5th time in a year. We need to fix this. Sarah Daughton - need your help #Veterans #Education #GIBill #Military #VA #HigherEducation #Frustration #ProcessImprovement
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In April, the U.S. Department of Veterans Affairs posted a final rule amending its regulations regarding character of discharge determinations, expanding access to VA care and benefits for some former service members discharged under other-than-honorable conditions or by special court martial. The VA’s new regulation expands access to care and benefits for certain former service members with other-than-honorable and bad-conduct discharges. The VA character of discharge determination does not change the military’s characterization of service and has no effect on the former service member’s military discharge status. The VA’s determination is for VA benefits and services eligibility only. This opens the door for previously denied service members to reapply for VA benefits and services. If you have been previously denied VA benefits and services because of your discharge status, DAV benefits advocates can help you file for a character of discharge determination. Please contact your nearest DAV service office by visiting benefitsquestions.org. #DAV #veterans #military #benefits
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???? There is no limit to the number of times you can use your VA loan benefit if you remain eligible with the VA and qualify with a VA-approved lender. However, the loan must be for your primary residence. If you have any questions about VA lending or how to apply, contact us today! #VALoans #Colorado #Homebuying #HouseHunting #Veterans #Military #Homeownership
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VA FACTS of the day! Did you know VA Financing is on the rise, comprising about fourteen percent of residential lending in the nation? If you're a Veteran, Reservist, or Active Duty, you could be eligible for a VA Loan. You're the boots on the ground, and we're honored to serve you. Questions about VA Loans? Slide into our DMs today! Don't wait any longer to secure your dream home. #military #valoan #veterans #mortgagetips #homefinancing #VAFacts #homeloans #mortgagebroker #mortgageadvisor #realestate #househunting #mortgagehelp #loanoptions
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