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The typical differences for military loans is that those backed by the VA are generally subject to lower interest charges and there is less need for a down payment. Additionally, the credit checks are less stringent in that a lower credit score is usually accepted.

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Q: How do military personnel loans differ from other loans?
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Continue Learning about Military History

Why do military personnel have to wear green socks?

It is the Army branch of the military that issues green socks as part of the uniform. Other branches issue other colors of socks. The green is consistent with the rest of the typical green uniform issued to Army personnel.


What is the average rate of military payday loans?

The average rate is 15% of military payday loans based on income, family size and other things of this nature. These rates can vary depending on different sorts of variables.


All military personnel are combatants?

Yes and no. All military personnel from any country are given basic training as combatants in case they need it, and on a few occasions they have needed it, but only a percentage of any military organization find themselves at "the sharp end." The rest of them do maintenance, push pencils, and load trucks, planes, ships, which allows those at "the sharp end" to have what they need to fight. * In the US military, Quakers and other conscientious objectors have abstained from combat, but they have served as medics and other non-combat personnel.


What airline does the U.S. Army take from Kuwait to Dallas Texas?

It is normal for the military to use its own airplanes to transport troops. MAC - Military Airlift Command is the primary provider of transportation for military personnel. They do sometimes contract with other service providers for charter flights and personnel will be provided tickets on commercial flights when necessary.


Who gets saluted in the armed forces?

Commissioned Officers and Warrant Officers are saluted by all enlisted personnel. Commissioned Officers of subordinate rank are required to salute other Commissioned Officers of higher rank. All military personnel are required to salute recipients of the medal of honor regardless of rank.

Related questions

Where could one find out what loans are available to people who have served in the military?

There are many financial institutions that cater specifically to military personnel and veterans such as Navy Federal Credit Union and USAA. Both of these offer low rate loans to military personnel. For home loans one might consider consulting their local VA office about how to use their military home loan. There are also several other companies that give deals and help military personnel with vehicle loans. A lot of this information can be obtained directly from the dealerships where one is trying to buy a car. Other institutions that offer loans to military personnel can be looked for in the service members local area.


Why do people take loans and where do they get loans?

People take out loans for several different reasons but the main thing is that they need money to pay for things. You can get loans from several places. For example, banks, credit unions and other financial institutions like that offer loans. Also, if you are in the military you have many other options. Omni Financial offers loans strictly to military personnel. You can find more about these loans and other loans from the internet.


How do secured home improvement loans differ from other loans?

Home secured loans have a higher maximum term than other loans. Lower interest rates, flexibility, lower payments and more lender options are benefits of a secured home improvement loan.


Why do military personnel have to wear green socks?

It is the Army branch of the military that issues green socks as part of the uniform. Other branches issue other colors of socks. The green is consistent with the rest of the typical green uniform issued to Army personnel.


What is the average rate of military payday loans?

The average rate is 15% of military payday loans based on income, family size and other things of this nature. These rates can vary depending on different sorts of variables.


How many military personel died in the Irag war?

a lot of people died >the famous personnel johnny suckmythang died along with 2 other personnel's.


What kind of loans does the Pioneer Military Loans website offer?

Pioneer Military Loans is a licensed lender in close to 25 states. Go to NMLS, and you can verify this is a licensed lender. These guys have a money broker license, money lender, collection agency, small loan company, and even a debt collector license. Another good sign is they are also A+ rated and accredited at the BBB. And finally, Pioneer Military's complaints are low, with just one complaint from the last three years listed at the BBB. They have zero customer reviews, which isn't necessarily a good sign, but it's better than seeing hundreds of one-star reviews. They offer loans from $500 to $10K, focussing on lending to active military people (including Army, Navy, Marines, and Coast Guard.) We also know that Pioneer Military loans originate through Lead Bank, an FDIC-registered and insured bank. Lead Bank also has excellent Google reviews.


What is a Pogue?

A derogatory slang term used by combat military personnel to describe other military personnel with office, administrative or support jobs. The term is relative and varies in meaning from true disdain to affection. A foot soldier might refer to all air support personnel or to other soldiers not currently in a combat zone as pogues. It's a sort-of-acronym for "People Other than Grunts".


What file format does American military university classroom support?

This is an online university to help military personnel and other students get a degree. Everything will be done online.


Types of Military Loans?

For risking their lives and for defending their country, active members and veterans of the military receive many different benefits that are not available to the average citizen. One of the benefits of being in the military is having access to military loans. Military loans are loans that are offered by traditional mortgage lenders, but are designed for those in the military. The most popular type of military loan is the VA Home Loan. The VA home loan is sponsored by the Veteran’s Association and is designed to help an active member or veteran of the military buy a home. The VA home loans are beneficial to military members because they often come with low fees and do not require a down payment. While the loans still have underwriting guidelines that must be met, most veterans are also able to negotiate a more favorable interest rate. Another type of military loan that is available are traditional personal loans. The personal loans available to military members range in size from $1,000 to $10,000. The loans, which are normally unsecured other than the borrower’s guarantee, normally have to be repaid within 36 months. The loans can be used for any purpose that the borrower desires. Access to these loans is beneficial because they often come with much lower interest rates than traditional personal loans. The third type of military loans that are available to active members are emergency loans. One type of military loan is a bereavement loan. A bereavement loan is available to the survivor’s of a deceased member of the military. These loans, which are normally capped at a few thousand dollars, are intended to provide support before the survivor’s cash benefits are received. These loans normally come with a short repayment time, but often have zero interest. Military members, or there families, that live in a federal disaster area also have access to disaster relief loans. These loans act as a line of credit for a family to purchase basic needs before they receive any insurance or larger military benefit. These loans are also normally for only a few thousand dollars and typically come with an extremely low interest rate.


All military personnel are combatants?

Yes and no. All military personnel from any country are given basic training as combatants in case they need it, and on a few occasions they have needed it, but only a percentage of any military organization find themselves at "the sharp end." The rest of them do maintenance, push pencils, and load trucks, planes, ships, which allows those at "the sharp end" to have what they need to fight. * In the US military, Quakers and other conscientious objectors have abstained from combat, but they have served as medics and other non-combat personnel.


How does the un help in troubled areas?

The UN help in troubled areas by dispatching military personnel and other peacekeepers to such areas, as well as other aids.