Money Tool for Male Military Spouses - PowerPay

Money Tool for Male Military Spouses - PowerPay

image for Money Tool for Male Military Spouses - PowerPay

Image: – Male Military Spouses cab use PowerPay to help manage money and eliminate debt – Macho Spouse

 

PowerPay Money ToolVery early in my experience as a male military spouse I encountered the PowerPay Money Tool. I remember the day my wife brought home a floppy disk with the DOS version of this financial software. (Yeah, that just took me waaaaaay back.) It didn't have any frills, but PowerPay helped us calculate, plan and execute our path to debt elimination.

I know that there are plenty of money management tools out there. PowerPay is worth a look, especially if you need to develop your debt-elimination plan. This money management tool helped my family.

- Taurus


PowerPay Money Tool will give you the tools to develop a personalized, self-directed debt elimination plan. Discover how quickly you can become debt free, and how much you can save in interest costs by following your debt reduction plan

Utah State University Extension is pleased to provide this debt management tool without any cost to consumers worldwide. Below are a few exciting features of PowerPay 5.0. Login to the right and start gaining control of your financial future today!

See also...

image for The NMFA Recognizes Macho Spouse

The NMFA Recognizes Macho Spouse

NMFAlogo.jpgCalling All Male Military Spouses!

Large, national organizations are starting to take notice of male military spouses. The National Military Family Association recognized Macho Spouse and male military spouses in their latest eNewsletter.

This is more proof that people find our stories interesting, helpful and worthy of acknowledgment. Pretty cool being mentioned by a prestigious organization such as this.

Thank you Katie and the NMFA! (Click the NMFA logo to see the story.)

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What Does 'No Money Down' Really Cost?

FlagHouse.jpgIs it possible to buy a home with no money down? If you or your spouse qualifies for a VA home loan, the answer is yes. VA home loans are a special benefit available to current and ex-members of the U.S. military only and they can save homebuyers a lot of money. Veterans and active members of the U.S. military are eligible for some of the lowest interest rates on the market but that's not the only way VA Loans save buyers money. VA Loans are also "No Money Down" home loans.

Understanding "No Money Down"

"No money down" means homebuyers don't have to provide a down payment to obtain a VA Loan. Traditional mortgages or home loans require as much as 5% to 20% of the purchase price as a down payment on a home. On a $200,000 home that is between $10,000 and $20,000 that must be provided at the closing. Saving up that much money for a down payment is a huge stumbling block for many would-be buyers. They may have the credit and income qualifications needed to obtain a home loan, but just can't come up with the down payment. Too often they end up not buying their own home or they miss out on the home they really want.

The VA Loan program changes that and makes homeownership more accessible by waiving the down payment requirement. VA Loan mortgage lenders are willing to forego this requirement because VA Loans are backed by the U.S. Government. This minimizes the risk to lenders if a buyer defaults, which is one of the primary reasons down payments are typically required.