Mission: Family | Legal Guide Spells Out Rights, Reveals Resources
An ounce of prevention is worth a pound of cure, as the saying goes. The American Bar Association's new "Legal Guide for Military Families: Everything You Need to Know About Family Law, Estate Planning, and the Servicemembers' Civil Relief Act" aims to deliver that ounce of prevention to help troops and families avoid problems along the road of military life.
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How to Read a VA Appraisal
When a VA lender evaluates a loan application, there's quite a bit of information to go over. The lender will verify your income by reviewing copies of your most recent paycheck stubs and look at two years' worth of income taxes plus your W2 forms. One of the tenets of VA loans is determining affordability so the lender will take a close look at your income compared to your monthly obligations.
Understanding the Servicemembers Civil Relief Act (SCRA)
The Servicemember's Civil Relief Act (SCRA) expanded and improved the former Soldiers' and Sailors' Civil Relief Act (SSCRA). The SCRA provides a wide range of protections for individuals entering, called to active duty in the military, or deployed service members. It is intended to postpone or suspend certain civil obligations to enable service members to devote full attention to duty and relieve stress on the family members of those deployed service members.
Planning for Financial Health after Deployment
Homecoming is an exciting time as you reconnect with family and friends and reintegrate to life stateside. During this readjustment period, it's important that you revisit your financial affairs since your income and monthly expenses will change now that you are no longer serving in a combat environment.
Military Families Optimistic About Economy; for Now
Military families are falling in line with broad public optimism about the economy and the future of their own financial lives -- at least for now, according to a recent survey by a corporation that assists troops with financial planning.