For the past few years, an avalanche of aggressive mailers and phone calls has engulfed veterans and servicemembers taking out VA home loans, attempting to lure them into serial mortgage refinancing schemes that benefit lenders and bury borrowers.
Benjamin Franklin nailed it when he said, "Fatigue is the best pillow." True story, Benny. There's nothing like pushing your body so far past exhaustion that you'd willingly, even longingly, take a nap on a concrete slab.
Veterans looking to purchase a home or refinance with a U.S. Department of Veterans Affairs’ home loan program over the next six weeks may find it harder than usual to close on adjustable-rate mortgage loans. In fact, it may be next to impossible.