military: Veterans - 08/07/08 03:27 PM
I was perusing through the legislation President Bush signed onto law on July 30th that allow folks struggling with their mortgages to refinance though the FHA (Federal Housing Administration). What caught my attention was the portion that applies to the military.
This should be a benefit to military families that are having mortgage problems. Essentially the new law offers nine months of protection (formerly 90 days) from mortgage foreclosures for returning service members, after they separate from active duty. And a new loan cap has been established. The maximum loan cap for VA home loans has been temporarily extended to the … (0 comments)