Showing posts with label BAQ. Show all posts
Showing posts with label BAQ. Show all posts

Thursday, January 3, 2013

2013 BAH rates for Fort Knox Kentucky are out and overall they are better than 2012 but the change is not as great. Soldiers with dependents saw an average increase of 2.965%. while those without dependents saw 2.877%. E4 and below got a nice increase last year and saw the largest increase (6.3%) on the enlisted side this year.

Many soldiers realize the important financial benefits BAH offers. They choose to put that money to work by letting it pay their mortgage and build valuable equity. With mortgage interest rates around 3%, it's not difficult to see that buying, for example, one of the homes for sale in Elizabethtown KY is a wise investment. Many people are also discovering that buying is cheaper than renting.

Military home buyers always find it interesting to see how BAH rates have changed over the years at Fort Knox. We have BAH rate history for every rank since 1998. For example, an E8 with dependents receives $1,446 for housing in 2013 but only received $625 in 1998.

Friday, January 13, 2012

2012 BAH Rates Fort Knox Kentucky

Fort Knox Kentucky BAH Rates for 2012 have been released and they're pretty sweet compared to 2011. Soldiers with dependents had an average increase of 5.5% and those without dependents are up about 6.6%. E4 and below saw the biggest increase, averaging about 8% while E5 with dependents got a little over 10%.

When you get a mortgage for a home near Fort Knox, your BAH goes pretty far since rates are so amazingly low right now (around 3.75%).

It's very cool to see how the BAH rates have changed for the Fort Knox area. We have history as far back as 1998 for each pay grade. For example an E6 (with dependents) received just $536 in 1998 and receives $1,254 for 2012.

Sunday, January 16, 2011

2011 BAH Rates Fort Knox Kentucky are available

2011 Fort Knox Kentucky BAH Rates basically didn't change. Soldiers with dependents had an average increase of 1.2% while those without dependents are about the same as 2010 rates.

Josh Hay with US Bank says when you get a mortgage for a home near Fort Knox you can expect a 30 year rate of about 4.75% and 4.25% at 15 years. When rates are this amazing your payments are lower and BAH buys much more. Also when selling homes, Fort Knox interest rates make it much easier when they are low like this.

It's interesting to see how the BAH rates have changed for the Fort Knox area over time. We have the rates as far back as 1998 for each pay grade. For example an E7 (with dependents) received $581 in 1998 and receives $1,272 for 2011.

Thursday, December 18, 2008

2009 BAH Rates Fort Knox Kentucky are available

The Fort Knox BAH Rates for 2009 did not increase across the board. Enlisted soldiers, E1-E5, took a slight reduction (about $30/month) while the E6-E9 soldiers and officers got a large increase of approximately $180 per month. Except for the O1 who gets $1 more.

Mortgage interest rates are amazing right now (around 5.17%), you can get a pretty nice home without going over your BAH.

Overall the change is pretty good but not as good as the 2008 BAH increases for Knox.

We have posted the 2009 rates along with the history for each pay grade. The history is for Fort Knox Kentucky off base housing and covers 1998 through 2009. It's interesting to see how they have changed.
i.e. An E6 (with dependents) received $536 in 1998 and currently receives $1,161

Thursday, December 13, 2007

Fort Knox Kentucky BAH/BAQ skyrockets!

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Fort Knox enlisted soldiers are getting a well deserved and much needed increase in their BAH (Basic Allowance for Housing). The 2008 BAH increase averages 23.3% for enlisted soldiers and averages 20% for all Fort Knox Kentucky military members. View the BAH/BAQ rates for Fort Knox.

The increase couldn't have come at a better time. The Fort Knox area's population is going to explode thanks to BRAC so this BAH/BAQ increase is an extremely important way to reward and thank our Knox soldiers so they can afford adequate off-post housing.