living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Chesapeake, the baseline sales tax rate begins at 5.3%, and income tax rates start at 2%...
but at a lower rate of increase than previous years. The biggest reason for that is because inflation is cooling nationwide. The 2022-2024 rates saw large increases as it SSA worked to make sure people could affording goods during
To best plan for this upfront expense, you’ll need toget an estimate from your loan professionalafter the property is chosen and an estimated closing date is established. Check your VA mortgage rates. Start here (Jan 11th, 2025) Fees not allowed to be charged to the veteran The Department...
What Does Debt-to-Income Ratio Mean? Simply put, a borrower’s DTI ratio measures the borrower’s monthly debt against his or her gross monthly income. It’s expected and common to have some debt. Only one DTI ratio matters to VA loan lenders, and it includes monthly debts such as hous...
As previously mentioned, there arefew land-based gambling venues in Virginia. Until new legislation was passed in 2020, land-based casinos were illegal in the state. While brick-and-mortar casinos have been authorized in VA, they opened later in 2023. ...
When it comes to VA home loans, the U.S. Department of Veterans Affairs partially backs a loan that can help eligible service members and/or qualifying spouses get a mortgage with no or low down payment, no private mortgage insurance, potentially lower interest rates, and more. Getting a VA...
conforming 30-year home loans seem to have found some stability between 6% and 7% as of mid-December. Although this reflects a slight easing from earlier in the year, rates remain elevated compared to what some buyers may have expected. Let’s examine the current state of mortgage loans and...
Learn more about Scott Alperin, a financial advisor in Virginia Beach, VA with the US News Advisor Finder.
In December 2023, the Department of Veterans Affairs increased compensation rates for veterans. The disability benefit for mesothelioma starts at $3,877 per month and increases depending on the number of dependents a veteran has. Certain military occupations required veterans to handle asbestos products...
Great Schools Ratings are based on student performance on state tests, progress over time, and college readiness, in addition to how effectively schools serve students from different racial, ethnic, and socioeconomic backgrounds. Ratings are on a scale of 1 (below average) to 10 (above average)...