va 261880: How do I reuse my VA loan benefit in full in the event of a default?
- 02/23/14 06:36 PM
The last several years have been difficult on all Americans economically, particularly veterans. To have VA entitlement is to have is to have financial backing from the government, which pledges to repay that mortgage in the case of default. Remember that getting released for liability from a VA loan or having a debt waived by the VA is not the same as paying off the loan. In that case you'll have to pay back the government's loss. Once that is done and only then will your benefits be restored. As a veteran you are able to apply for a new home (2 comments)