Here are the 2022 military pay charts, according to the 2022 National Defense Authorization Act. Troops received a 2.7% pay increase. The final pay raise is in line with President Joe Biden's budget proposal and the Employment Cost Index (ECI) … Read More
Latest Articles
VA Land Loan Rules
While the VA does not allow veterans and military families to use a VA home loan to purchase land only, options exist for borrowers to buy land and build a home on it. Let’s talk about how the VA loan works, VA land loan eligibility requirements … Read More
What Sellers Should Know About VA Loans
The VA loan is an outstanding option for military and veteran home buyers. But are there any benefits–or drawbacks–for home sellers? Here’s what sellers should know about VA home loans. VA Loan Overview The Department of Veterans Affairs … Read More
2023 Basic Allowance for Housing (BAH) Rates
Military service members may receive a 4.2% Basic Allowance for Housing (BAH) rate increase in 2023 to counter inflation, according to the draft 2023 defense budget. Proposed increases to BAH in 2023 may change in the legislative process FY 2023 … Read More
2023 Military Pay
United States military members will likely see their largest-ever pay increase in 2023 – a 4.6% hike, according to the Bureau of Labor Statistics' Employment Cost Index (ECI) and the draft 2023 defense budget. The White House released its 2023 … Read More
VA Disability Ratings for Back Pain
Lower back pain is the leading cause of disability in the United States, affecting about 4.3 million Americans – twice the burden of any other health condition. About 20% of such cases are chronic, lasting a year or more, according to the National … Read More
2023 Defense Budget
With summer meetings of the Congressional appropriations committees underway, the defense budget watch for fiscal year (FY) 2023 has officially begun. The annual United States defense budget affects service members, DOD civilian employees and … Read More
American Express Military Fee Waiver
There are many credit card options that feature perks for being a military member. You will find military fee waivers offered by a variety of high-profile credit cards including American Express, which means you may be eligible to access high-value credit cards (assuming the applicant is otherwise financially qualified) that can push your access to credit to a new … Read More
VA Loan Requirements
Eligible borrowers can buy a home with no down payment with the VA loan. Service members and veterans need to meet VA loan requirements to qualify for this benefit. Here’s what you need to know about VA loans. VA Loan Overview For eligible … Read More
2022 VA Disability Rates
2022 VA Disability Rates saw a 5.9% cost-of-living increase based on the Social Security Administration's 2022 Cost of Living Adjustment (COLA). Congress passed legislation in early October to increase veterans’ disability compensation and other … Read More
COLA Increase Watch 2022-2023
What might the 2023 cost of living allowance (COLA) increase look like? It's too early to tell definitively, but we'll keep tracking inflation data and other factors that could impact 2023 COLA rates here. 2022 COLA Back in October, the Social … Read More
