FacebookTwitterGoogle +Linkedin
715-598-9924

1Reason Insurance

Caring for Your Financial Well-Being

  • Questions & Answers
  • Contact
    • Blog
    • About
      • Partner Insurance Companies
  • Terms and Conditions
  • About
    • Meet Our Agents
    • Partner Insurance Companies
  • Personal Insurance
    • Auto Insurance
    • Boat Insurance
    • Home Owners Insurance
    • Life Insurance Quotes
    • Motorcycle Insurance
    • Personal Umbrella Insurance
    • Renters Insurance
    • RV Camper Insurance
    • Snowmobile Insurance
  • Business Insurance
    • Commercial Auto Insurance
    • What is General Liability Insurance
    • Health Insurance
    • Rental or Vacant Properties
    • Travel Insurance
    • Workers Compensation in Wisconsin
  • Blog
  • Contact
Home > Stock Dividends > VAREP Launches New Financial Literacy Curriculum to Prepare Military Families, Veterans for Financial Stability, Homeownership

VAREP Launches New Financial Literacy Curriculum to Prepare Military Families, Veterans for Financial Stability, Homeownership

Posted on: June 1, 2016 By: Staff

Facebooktwittergoogle_pluspinterestby feather

CORONA, Calif., June 01, 2016 (GLOBE NEWSWIRE) — The Veterans Association of Real Estate Professionals (VAREP) today unveiled Military Financial Readiness, a new financial literacy curriculum developed to help service members and veterans become financially fit so they can achieve their financial goals and dreams, including the American dream of homeownership.  Military Financial Readiness was developed with support from Freddie Mac (OTCQB:FMCC), one of the nation’s largest sources of residential mortgage credit.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4f7151a1-6fa0-44d0-9b9e-08199ac9bad1

“Insufficient knowledge of VA home loan benefits and a general lack of financial literacy are key barriers to financial stability and homeownership for service members and veterans,” said Son Nguyen, Navy veteran and president of VAREP. “We believe many of the issues that challenge these borrowers can be overcome through education. We applaud Freddie Mac for joining with us to develop Military Financial Readiness to meet this challenge and make homeownership possible for more Americans on active duty and veterans.”

“We are proud to join forces with VAREP to help our country’s veterans and active duty personnel break down some of the most common barriers to homeownership. Military Financial Readiness provides sound information about building savings, credit and the financial savvy to own a home. Today’s announcement will give our military families a new way to prepare themselves for homeownership and long-term financial stability,” said Danny Gardner, vice president of Affordable Lending and Access to Credit at Freddie Mac.

Nguyen says Military Financial Readiness was developed by veterans for veterans to fill this need and customize lessons on wise financial management for members of America’s unique military and veteran cultures. Freddie Mac sponsored the development of Military Financial Readiness as part of its mission to help more Americans become successful long-term homeowners.

Nguyen cited a 2013 study from the American Journal of Public Health that determined limited financial knowledge among veterans was a contributor to a cycle of generally poor personal financial management and stability after military service. 

“When I left the service, I wanted to own a home, but was unable to qualify for a mortgage due to poor credit. After I rebuilt my credit and was ready for a home, I didn’t know about my VA home loan benefit and ended up with a more expensive loan product. If a program like Military Financial Readiness had been available, I think I would have known how to spend my paycheck more appropriately, start a savings account, and know about my VA home loan benefit.”

Military Financial Readiness is modeled after Freddie Mac’s CreditSmart curriculum, which has been used by millions of consumers across the country. CreditSmart includes 12 financial education modules featuring information on credit, money management, homeownership, foreclosure avoidance, and more. 

Military Financial Readiness can be found at varep.net and freddiemac.com.

Established in 2011, the USA Homeownership Foundation, Inc. DBA Veterans Association of Real Estate Professionals (VAREP), is a non-profit 501(c)(3) organization dedicated to increasing sustainable homeownership, financial-literacy education, VA loan awareness, and economic opportunity for the active-military and veteran communities. VAREP and its 5000 members represent and work within all sectors of the real estate, housing, and financial-services industries. Its goal is to preserve the American Dream of homeownership for US service members and veterans of all eras.

SON NGUYENVETERANS ASSOCIATION OF REAL ESTATE PROFESSIONALS951-870-0369

Comments

comments

No related posts.

Categories: Stock Dividends

Call and receive expert consulting or click below for quote
Button linked to quote page for commercial insurance quote

Get a Business Insurance Quote

Get_a_Business_Insurance_Quote_Now180x150

Categories

  • Bookkeeping
  • Business Marketing
  • Business Taxes
  • Car Insurance
  • Commercial Auto
  • Commercial Insurance
  • Court Cases
  • Cyber Liability Insurance
  • Employment Opportunities
  • Employment Practices
  • Finance & Insurance News
  • Flood Insurance
  • Home Ownership
  • Homeowner's Insurance
  • Insurance Companies
  • Insurance Terms
  • Life Insurance
  • Payroll
  • Pinewood Derby
  • Real Estate News
  • Rental Property Insurance
  • Retirement & Estate Planning
  • RV Insurance
  • Starting A Business
  • Stock Dividends
  • SuiteCRM Insurance CRM
  • Tips & Advice
  • Travel
  • Worker's Compensation
Party Bus Insurance For New Party Bus Companies

Party Bus Insurance For New Party Bus Companies

December 1, 2018 By Robert Weinstein

Business Insurance Audit Letter, Why Did I Get One and Do I Have To Fill It Out?

Business Insurance Audit Letter, Why Did I Get One and Do I Have To Fill It Out?

March 8, 2018 By Robert Weinstein

How To Start a Party Bus Business

How To Start a Party Bus Business

December 19, 2017 By Robert Weinstein

Hiring a Subcontractor, What You Need To Know For Insurance

Hiring a Subcontractor, What You Need To Know For Insurance

September 6, 2017 By Robert Weinstein

Self-Employed Contractor Bookkeeping  Including Online Accounting Software

Self-Employed Contractor Bookkeeping Including Online Accounting Software

July 19, 2017 By Robert Weinstein

Payroll Service for Small Businesses Employers

Payroll Service for Small Businesses Employers

April 26, 2017 By Robert Weinstein

2017 I-9 – Employment Eligibility Verification Download For New Employees

April 21, 2017 By Robert Weinstein

10 Reasons Why You’re Losing Sales That You Might Have Made

10 Reasons Why You’re Losing Sales That You Might Have Made

April 14, 2017 By Robert Weinstein

Buyers and sellers can record substantial savings on property in today’s market

Buyers and sellers can record substantial savings on property in today’s market

November 30, 2018 By Staff

CareTrust REIT Announces Director Resignation

CareTrust REIT Announces Director Resignation

November 30, 2018 By Staff

Highwoods Announces Ted Klinck Promoted to President

November 29, 2018 By Staff

Lever joins Beazley’s US marine underwriting team

November 29, 2018 By Insurance Updates

Duperreault praises Bermuda innovation at fintech forum

November 27, 2018 By Insurance Updates

London–Bermuda connections celebrated at BDA forum

November 26, 2018 By Insurance Updates

CyberPolicy’s Cyber Insurance Options Now Available Through Progressive Insurance

November 26, 2018 By Insurance Updates

Lord Chris Holmes & AIG’s Duperreault to join fireside chats with Premier at Bermuda’s London industry events

November 22, 2018 By Insurance Updates

Recent Posts

  • Non-Emergency Medical Transportation Insurance (NEMT)
  • Retail Opportunity Investments Corp. Schedules Fourth Quarter & Year-End Earnings Release and Conference Call
  • Sammons Financial Group Honored as One of Glassdoor’s 2019 Best Places to Work
  • Duck Creek Technologies Reports 85% Bookings Growth and 30% Revenue Growth in SaaS-Delivered Enterprise Software Solutions for Fiscal Year 2018
  • Griffin Announces Fiscal 2018 Fourth Quarter Leasing
  • RPT Realty Announces the Appointment of Richard Federico to its Board of Trustees
  • Cowan Insurance Group Fills Mid-Market Supply Chain Insurance Gap
  • General Liability, Workers’ Comp, Commercial Auto Insurance, & Payroll Now For Colorado Business Including Cannabis / Marijuana
  • Landlord And Rental Insurance Designation Five Week Training by Foremost Insurance
  • Party Bus Insurance For New Party Bus Companies
  • Buyers and sellers can record substantial savings on property in today’s market

1Reason, All Rights Reserved

A Veteran Owned Agency

Currently licensed in Colorado, Florida, Illinois, Michigan, Minnesota, North Carolina, Oregon, Texas, and Wisconsin.