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Lawmakers seek to boost home-buying benefit for veterans »

Posted by: bubba2 1 year, 11 months ago
Archived 28 0 drops

Reps. Steve Buyer, R-IN, and Mike Michaud, D-ME, introduced a bill Thursday that would greatly increase the maximum loan amount that the VA guarantees. The bill, HR 4539, would raise the current $417,000 limit to a new maximum of $521,250. "Rising housing costs are keeping many veterans out of the market," Buyer said.

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bubba2

I AM OUTTA here! The new format STILL S-U-C-K-S! Propeller has NO idea what "spam" is (or is not) and I am tired of dealing ...

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Comments: 3
  • Avg rating: (+0/-0 0)MyCampingMall
    MyCampingMall
    Dec. 15, 2007, 10:36 p.m.

    Shouldn't this benefit be put on a scale that increases with the increase in housing cost? you know, like law makers salaries are?

    • Avg rating: (+0/-0 0)KYRed
      KYRed
      Dec. 15, 2007, 11:53 p.m.

      Sure, MyCampingMail, that makes sense. But does the government every make sense? Disabled Veterans benefits don't keep up with the increase in inflation, either. Nor the minimum wage for that matter.

      • Avg rating: (+0/-0 0)Sunshine_2007
        Sunshine_2007
        Dec. 16, 2007, 12:58 p.m.

        I can find nothing surprising in this news article. It is great that there will be provided maintance to veterans, but nevertheless it will be useful for them to know which type of loan to choose and which will be the best for their situation. I can advice the following source that I've recently came across: http://activerain.com/blogs/loan_type

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