Below are some of the most
about our Military Retirement Loan program.
Do I need perfect credit to
No. Perfect credit is not required, good credit
Do I need to own a home to
No. Home ownership is not required. In fact, stable
are often strong qualifiers.
What happens to the COLA (Cost of
Living Adjustment) annual increases when I sign up for a military retirement loan?
The COLA annual
increases are used to pay down the life insurance premiums.
This is very
useful since it negates any additional out of
pocket expenses for the
pensioner. If insurance payments
are not required, on the first of each
month, all COLA payments
are returned to the pensioner electronically, just
his current pension payments are.