Yes, you may be eligible for a VA loan. Because of the Veterans Benefits Improvement Act of 2008, veterans who would like to refinance their existing non-VA mortgages into a VA loan may be eligible to do so for up ...
No. Under the law a lender cannot make an adverse credit report based on a servicemember’s exercising his or her right to get a reduced interest rate under the Servicemembers Civil Relief Act.
Closing paperwork can be very confusing, but the VA program does have greater restrictions on fees than many other mortgage loan programs. One day prior to the scheduled closing, make sure you request a HUD-1 Settlement Statement. Federal law requires ...
The Servicemembers Civil Relief Act (SCRA) provides military personnel and their dependents protections when it comes to issues related to mortgages and housing. If you are on active duty and obtained a mortgage before you went on active duty (also known as ...
The Servicemembers Civil Relief Act (SCRA) says if you enter into a car lease and later get orders to Permanent Change of Station (PCS) overseas or to deploy for at least 180 days, you can terminate the car lease without ...
You have the same rights under the Fair Debt Collection Practices Act that civilians do. The Fair Debt Collection Practices Act (FDCPA) says debt collectors may not harass, oppress, or abuse you or any other people they contact. Some examples ...
The Equal Credit Opportunity Act does not guarantee that you will get credit. You must still pass the card issuer’s tests of creditworthiness. But the law bars discrimination based on age, sex, marital status, race, color, religion, and national origin ...
Under the law, you have up to 180 days after you are released from active duty to let a lender know that you were on active duty. You should write your credit card company and send a copy of your ...
No. Under the law a lender cannot revoke or reduce your credit because you have exercised your right to a reduced interest rate under the Servicemembers Civil Relief Act.
The law only regulates the interest rate that lenders charge on amounts that you owed at the time you entered the military or were called up to active duty. If you continue to make purchases with your card while on ...