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1. You can get up to 50% of your spouse’s full benefit. The maximum spousal benefit is 50% of your spouse’s primary insurance amount. That’s the benefit they’ll qualify for once they’re ...
The Military Spouses Residency Relief Act (MSRRA) signed into law on November 11, 2009, was originally introduced by Congressman John Carter (Texas) during the 110th United States Congress. The MSRRA was written to amend the Servicemembers Civil Relief Act (SCRA) to include protection of military spouses, with regards to voting, property and ...
VA loan. A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes ...
The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military service member. [3]
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A credit score of at least 620 (the VA has no minimum credit score requirement, but many lenders typically set one) A debt-to-income (DTI) ratio of no more than 41 percent. In addition, unless you ...
The Veterans' Compensation Cost-of-Living Adjustment Act of 2014 ( S. 2258) is a bill that would, beginning on December 1, 2014, increase the rates of veterans' disability compensation, additional compensation for dependents, the clothing allowance for certain disabled veterans, and dependency and indemnity compensation for surviving spouses ...
All service members will be required to show DD Form 214 as proof of military service when applying for Social Security benefits. More From GOBankingRates 27 Ugly Truths About Retirement