VA Issues New Policy to Protect Vet Homeowners from Predatory Lending

The U.S. Department of Veterans Affairs (VA) has issued a new policy implementing the May 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act, to protect Veteran homeowners from predatory lending practices when obtaining a VA-guaranteed refinance loan.

The act helps protect Veterans and service members from the dangers associated with repeatedly refinancing their home loans, requiring, among other things, the seasoning of the original loan and a recoupment period for fees, closing costs, and expenses related to the refinance.

Click the link below to access the full article.

Policy to Protect Vet Homeowners

Photo courtesy of Pixabay.com


VA Issues New Policy to Protect Veteran Homeowners from Predatory Lending

This article is shared with you by Militaryliving.com, your premier source for temporary Military Lodging, Military Space-A Travel, Military RV Camping and Military Travel information.