Personal Finances

Student Loan Interest Rates Drop and Pell Grant Maximums Increase

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Interest rates for the most common types of student loans will decrease on July 1, falling to the lowest level in over 10 years. The Pell Grant maximum amount will also increase on July 1. Education Loans Student loans for undergraduate students will drop to a 3.76% interest rate from the current 4.29%; loans for graduate students will drop t... more

Financial Readiness Is a Key Component of Mission Readiness

Discussing finances

Content provided courtesy of USAA. As a longtime military spouse, I have held various jobs, and I know many of you can relate. Among them, I served as a military and family life counselor at an Airman and Family Readiness Center and had the privilege of working with fellow military families to create budgets, develop debt-payment plans, manage ... more

IRRRL Facts for Veterans

White suburban home.

IRRRL stands for Interest Rate Reduction Refinancing Loan. You may see it referred to as a "Streamline" or a "VA to VA." Except when refinancing an existing VA guaranteed adjustable rate mortgage (ARM) to a fixed rate, it must result in a lower interest rate. When refinancing from an existing VA ARM loan to a fixed rate, the interest rate may in... more

How (and When) to Dip into Retirement Money


You've spent years saving for your future, and now you're ready to relax and take it easy. But one question may be weighing on your mind: Which retirement accounts should you spend down first? If you own both tax-deferred and taxable accounts, the answer can be complicated. "The decision you make about which accounts to tap will affect more th... more

Get the FAQs on VA Home Loans

house for sale sign

Why get a VA loan over other types? Simply put, a VA Home loan allows qualified buyers the opportunity to purchase a home with no down payment. Also, there are no monthly mortgage insurance premiums to pay, limitations on buyer's closing costs, and an appraisal that informs the buyer of the property value. For most loans on new houses, constru... more

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