So, Art, you know what makes the world go round? Yeah, I do. Love. I don’t think you do. It’s money.
Dinero, Art. As much as I see your pretty face on the tube these days, something tells me you’reprobably rolling in it. I do alright, Gunny. Not as good as you, butI do alright. Alright is not quite good enough. You needto get your financial situation in order. And these guys you’re talking to, Hello!
I recently made a super-efficient smokeless wood stove from standard NATO … they know their stuff. So pay attention to them. I’ll report right back to you. You better. Alright.(music). With us from SunTrust are ex-military William Carter and Earl Lewis to talk finance forour men and women in uniform. Guys, thanks for being here.
We really appreciateit. Thanks for having us. Hey, listen, we’ve got a whole lot of stuff going on inside the house. We’re doing thewhole makeover. But, you know what, it’s important to keep your financial house in order. What Ontario’s electricity grid is embracing the 21st century. While everything from our televisions to our te… are the steps we all need to take to get to financial success?
Well, Art, the first thing you need to do is you need to take a snapshot of where you are right now. An honest assessment. An honest assessment. Write down your expenses, all of your bills, and then your income. Andthen take a look at that. Secondly, it’s important to have a plan toget towards your goals. At SunTrust, we’re committed to lighting theway to financial well being.
That being said, we believe that everyone can achieve the financialconfidence to live a life well spent. We believe we’re striving for the veterans and non-veteransto not have to live paycheck to paycheck, Art. So as a veteran yourself, what are some of the challenges you guys face when planningyour financial future? At SunTrust, we have products and servicesdesigned for the veteran. SunTrust has a website designed just for veterans, SunTrust.com/Military offers an array of products and services intended for our veterans._________________(music). We weren’t finished talking about finances. Back to Will and Earl from SunTrust Bank.
So with the housing market rebounding, there’sprobably a ton of products and services out there that SunTrust can offer first-time orsecond-time homebuyers. There are four really important steps to consider for anyone who’sin the market to buy a home. First one is make sure homeownership is rightfor you. It is not right for everyone. Number two, make sure you know what you can afford. Don’t fall in love with a home you can’t afford. Number three, save save save.
It’s importantto save for closing costs, save for your down payment, and other unexpected expenses. Andlast but not least, understand your financial situation. Obtain your credit report. A higher credit score equals a better rate. A better rate equals a lower payment. Make sure all your documentation is in order. W2s, pay stubs, bank statements.
Veterans,lastly, make sure — and this is very very important — make sure your VA Eligibilityis active. One of the most common misconceptions amongveterans and the public is that you have to come up with a 20% down payment. But for veterans, SunTrust’s VA Loan Program offers options that don’t require any down payment at all. Hopefully now Gunny gets that information. He was looking for all kinds of financialinformation from me. So now I feel like I’m educated enough to tell him. That’s great.
Alright. Mission Accomplished. Thanks Guys. Alright.(music).