With all the various decisions that come with a home purchase, one of the most important is deciding between a 15-year mortgage and a 30-year mortgage. Both options have their benefits and drawbacks, so there’s no across-the-board “correct” answer. Besides, every home buying scenario is unique, so your rate will be unique to you as well. Weighing the pros and cons of both options is a great first step for finding the loan that’s best for you. For instance, let’s assume the 15-year rate for a loan is 4.0% and the 30-year rate is 4.5% and see how both affect a home-buying scenario.
Veterans who have at least a 30% total VA disability rating can apply to add a dependent to their compensation award and increase their compensation rate. The best time to do this is when you file your claim. If your disability rating is below 30%, you can still file your dependency information.
In order to remain eligible for military benefits, sponsors who have disabled adult children must complete a financial dependency redetermination requirement every four years. If you fail to do so, it may result in a loss of DEERS eligibility and military benefits for the disabled dependent.