The 2021 drill pay chart became effective January 1, 2021. Drill pay amounts are subject to change from year to year, which is why each year’s Drill Pay Chart is so important; it helps members of the Guard and Reserve know what to expect financially in terms of gross pay, net pay, deductions, etc. The charts below indicate Drill Pay ONLY. There are no computations for … [Read more...] about Drill Pay 2021
Pay & Benefits
Using Bitcoin as Assets for a VA Loan
The VA loan doesn’t require a down payment, making it a great home-buying option for eligible borrowers. But, some situations still require borrowers to demonstrate assets to qualify for a loan. And, with the advent of cryptocurrencies like Bitcoin and Ethereum, borrowers frequently ask about using them to meet VA requirements. As such, we’ll use this article to discuss the … [Read more...] about Using Bitcoin as Assets for a VA Loan
Forever GI Bill
The Harry W. Colmery Veterans Educational Assistance Act, aka the “Forever GI Bill”, was signed into law by the President in 2017. The Forever GI Bill is not a new version of the GI Bill program, but rather makes important changes to the Post 9/11 GI Bill to make it more accessible to its beneficiaries including dependents and spouses. What Is The GI Bill? The GI … [Read more...] about Forever GI Bill
VA Loan Requirements
What are the requirements to be approved for a VA home loan? VA mortgages are offered to those with qualifying military service, and also to qualifying surviving spouses of those who have died as a result of military service. VA Loan Eligibility Requirements The most basic criteria for establishing your eligibility for a VA mortgage is your military service. The … [Read more...] about VA Loan Requirements
Early Pay Military Banks
Early military pay banks offer service members a simple, but important service. You can get early access to funds paid to you as a military member (or another qualifying military-adjacent customer) if your paychecks are delivered from the right agency via direct deposit. What Is Early Military Pay? The simple answer is that early military pay is access to your … [Read more...] about Early Pay Military Banks