Lawmakers move to expand mortgage protection for military

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Lawmakers Move to Expand Mortgage Protection for military. military servicemembers could get expanded protections from mortgage lenders under legislation to be introduced Tuesday. Early life, military service and career.

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Mortgage Forgiveness debt relief act for Military. If your debt meets the qualifications, claim the special exclusion by filing Form 982, also known as Reduction of Tax Attributes Due to Discharge of Indebtedness, during tax season. Attach the completed form 982 to your federal income tax return for the tax year when the qualified debt was forgiven.

VA loan. From Wikipedia, the free encyclopedia. Jump to navigation Jump to search. A VA loan is a mortgage loan in the United States guaranteed by the United States Department of veterans affairs (va). The program is for American veterans, military members currently serving in. allows veterans 103.3 percent financing without private mortgage insurance.

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Home Lawmakers move to expand mortgage protection for. "This bill will expand current law to protect more of our brave men and. Home Ownership and Permanent Change of Station (PCS). would rent cover your mortgage payment?. Whether you’re an old pro or new to the military moving game, there’s stuff to learn about.

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These new mortgage protections will go a long way toward leveling the playing field for military homeowners and their families. In fact, the CFPB announced in March that it had recovered more than $1 million for veterans who submitted complaints to the agency. Military consumers received a median amount of $470 in relief.

Totally disabled Veterans are eligible for free coverage and have the opportunity to purchase additional life insurance. Veterans’ Mortgage Life Insurance (VMLI) provides mortgage life insurance protection to disabled Veterans who have been approved for a VA Specially Adapted Housing (SAH) grant.