Friday, August 14, 2009
Don't you wish you can buy a home in La Jolla, CA?
Monday, August 10, 2009
Spouse Calls: Summer, the farewell season | Stars and Stripes
Stars and Stripes Scene, Sunday, August 9, 2009
There is no escaping PCS season. Either we are moving, or some of our friends are moving, or both.
This year, for me, it’s both. As I watched the painful parade of departures this summer, I noticed that all goodbyes are not alike.
Some people like a big party to say so long to everyone and get it over all at once — sort of like ripping off a Band-Aid.
Some brave souls prefer to bid farewell to each friend, facing the pain of each farewell.
Still others prefer not to say a final goodbye at all, slipping away without the formality — or the chance for tears.
Perhaps our preferences reflect the way we cope with the flux of military life. Or maybe it depends on how much time and energy remains after the preparing, the sorting, the packing and the cleaning. Sometimes the goodbye-ing is just one more thing to do, and a difficult one at that.
"Saying goodbye in any fashion is hard," said Cheryl Stark, an Air Force wife in Ansbach, Germany.
"The people you get stationed with become your family. They are there for the holidays, the celebrations, the good times, the bad times," Cheryl said.
"I have found that the longer we stay in, the harder it is getting to say farewell to those who have become yet another extension of our family."
"We are a huge party goodbye family," said Catherine Brown, whose husband is a military contractor. "I mainly do this for the kids, so that they have an opportunity to say goodbye to their friends."
Catherine, who now lives in Florida, said she invites friends over for a cookout or easy finger-food gathering before a move.
"Never forget to have the address book sitting out so friends can write their info down," she advised.
Donna Musil, who grew up in the military, suggested exchanging grandparents’ addresses as well, because they are more permanent. Donna is the creator of the documentary, "Brats: Our Journey Home," about military children.
"Do keep in touch after you leave. People are not expendable or interchangeable," she said. "I think military children need to learn that as they go along, or they’ll keep doing it when they grow up."
Valerie Mackin agrees: "I was a military kid, a military member and now a military spouse. Over the years I’ve learned that people just don’t stay in touch as much as they say they will," said Valerie, as she prepared to move from Texas to Florida.
"I like to see as many people as I can, either at a party or one on one, because I’m pretty sure I won’t be seeing most of them ever again," she said.
"Or maybe I think if I make a point of saying goodbye they might stay in touch that much longer. … There are always those one or two that just keep hanging in there with you," said Valerie.
Sandra Grey, an elementary school counselor in Grafenwöhr, Germany, said saying goodbye is important, so she approaches it intentionally.
"I think about the special qualities of each person and just tell them what they mean to me. It takes time and some deliberation, but I have learned … how important it is," she said.
"I am not a good good-byer. I cry a lot, so short and sweet is good for me," said Cindy MacKenzie, not long before I stopped by her house at Ramstein, Germany, preparatory to our move last month.
"It’s not goodbye. It’s see ya later," she said.
I’m with you Cindy, and I will see you later.
Terri Barnes is a military wife and mother of three. She finished this column sitting on the floor of her empty house in the middle of moving to Stuttgart, Germany. Spouse calls appears weekly in Stars and Stripes. Contact Terri at spousecalls@stripes.com and see the Spouse Calls blog here.
Wednesday, August 5, 2009
USAA and Navy Federal Credit Union Banking Wars!

You've probably heard or seen the ads lately where USAA and Navy Federal Credit Union are competing fiercely for the military banking community. If you previously didn't bank at one of these institutions you most likely had never heard of either banks. That's because Navy Federal with the exception of a few years ago had enjoyed the luxury of dominating the market. It had such a strong hold that it really didn't need to advertise much or expand it's services to other military branches. However, USAA's recent aggressive marketing campaign changed the rules of the game. Navy Federal has now opened it's membership to include Army, Airforce, Marine, Navy, and Department of Defense civilian employees and contractors assigned to installations. USAA's latest ads claim to be number one in customer satisfaction and according to their website"You can save up to $600 a year on checking or keep watching your bank come up with ways to take it."
Thursday, March 20, 2008
Another .75% Fed Rate Cut and What Does It Mean To Your Wallet
Dear Friends, Family, and Clients:
I felt compelled to draft a quick note addressing what you have been hearing on the news and reading in the newspapers the last few weeks. It is true that the Federal Reserve has recently cut rates; however, these rate cuts do not necessarily mean mortgage interest rates will go down. Dropping the Fed Funds Rate lowers short-term rates associated with business loans, consumer loans, credit cards, home equity lines of credit, and adjustable rate mortgages. The Fed Rate is the rate at which banks borrow money; not the rate at which they loan money. Fed Rate cuts do not have a direct impact on long-term fixed mortgage rates. In fact, they often serve to push them in the opposite direction. Here is an inside look on the impact that the last six Fed cuts have had on mortgage rates.
Period /Fed Rate Cut /Impact to Home Loan Rates
Jan – Dec 2001 /Down 4.75% /Rose .55%
May – Aug 2003/ Down .25% /Rose .78%
Sep 18, 2007 /Down .50% /Rose .19% within two days
Oct 31, 2007 /Down .25% /Rose .15% within five days
Dec 11, 2007 /Down .25% /Rose .125% within two days
Jan 22, 2008 /Down .75% /Rose .29% within two days
As you can see, mortgage rates usually have an initial drop after an announcement of a Fed Rate cut, but in most cases it only lasts a few hours or days and then moves back up again.
The leading indicator of how mortgage interest rates will respond is actually based on the activities of mortgage-backed bonds, commonly referred to as Mortgage Backed Securities (MBS).
Key issues regarding economic news and dramatic fluctuations in the stock market tend to influence interest rates more than a Fed rate cut. Our current market is in a state of flux.
The involvement of the Feds is an indicator that they are trying to regulate the stability of the economy. What does all of this mean to you as a homeowner? It means that you are not likely to see rates bottom out and stay low month after month.
However, if you can catch it at just the right time, the current market may provide a small window for you to lock in an excellent interest rate.
To take full advantage of any future dips in the market, my recommendation would be to contact me, so we can review your situation and determine exactly where rates need to be for you to benefit from a refinance.
Your Consultant For Life
http://www.sandiegomilitaryrelocation.com/
Monday, March 17, 2008
VA loans For Veterans Left Out Of Economic Stimulus Bill
To fix the problem, several Congressional representatives are rushing to pass bills including a "stimulus fix" bill. Stay tuned for updates.
Sunday, March 16, 2008
Why Buying Instead of Renting Still Makes Sense For a Military Family In San Diego
*The active duty member has over 20 years of service and never purchased a home until now.
* When asked if there is anything he'd do different, he said, "I should have stopped renting and purchased a house a long time ago."
* He purchased the home with a VA loan at an excellent rate, 30 year fixed and no mortgage insurance. VA loans are becoming more popular in CA. A great member benefit.
* He received up to 6 % of the purchase price in incentives to pay for closing costs, two years prepaid HOA and interest rate buydown.
* He was able to purchase the home with virtually no money down and obtain a mortgage payment just a little more than what he'd pay in rent.
* It was a fabulous deal and he was able to take advantage of the great buyer's market in San Diego.
As I helped celebrate the event with them, it reminded me of why I enjoy doing my job. To help military families buy or sell homes in San Diego by providing world class service. Congrats to the happy new "Home Owners."!
