How does someone doing reserve duty keep their house?

Question

If I were in the reserves and I got called up, how would I continue to pay my house? Does the military have anything set up for that?

Answer 1

You would write a check or have the money transferred from your bank just like you do now.

Answer 2

Besides all the obvious answers above, there is also the Soldiers and Sailors Relief Act.

If you get called up to active duty and have ANY problems with either the interest rate or making payments with your house, you can invoke the Act and prevent the lender from doing anything to you during your time in service. They can not report you for "bad credit" or "poor payment record" and they can not start any kind of foreclosure on your home. All you have to do is go to the JAG or legal office on base and talk to one of the lawyers, which by the way, is free.

Answer 3

Military Direct Deposit is the only option when getting paid..There is no other way to receive your money while in the military..

Answer 4

If you don't know about direct deposit or automatic payroll deductions, your unit is doing an extremely poor job of informing you. Are you being deployed? If not, write a mail a check. Or get on a computer and transfer funds.

Answer 5

1, you get paid like you were in any job. Internet banking is great for the military, you can pay all your bills from the deployment. You can also set up allotments that come from you pay automatically.
2. You get BAH, which is money based on your zip code for housing. This allowance for a house is tax exempt and varies based on your rank and if you have a family or not. http://perdiem.hqda.pentagon.mil/perdiem/bah.html
3. You can apply for Soldier/Sailor's Releif Act which protects you from debtor's while you are gone.

Answer 6

You could set up an allotment to pay your mortgage. See your pay clerk *IF* it happens.

I wouldn't worry about it unless I were actually IN the service myself. Enough things in this world to worry about! ;)

Happy New Year