Housing Help for the United States Armed Services

This  past week, the President of the United States,  signed legislation which would make it easier for Veterans’  who want to purchase a home and  assist others who already own an existing home.   Below, I have included three key  terms that are included in this piece of legislation.

 Veterans™ Benefits Improvement Act of 2008

1.  This law will make the process of  refinancing from sub-prime loans  to safer more realistic loans backed by the VA, more attainable for Veterans.

2.   Adjustable-rate mortgages can also be offered by the VA.

3.   This law will   allow an extension of the VA loan limit through 2011.

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