Protect My VA Home Loan Benefit
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While we understand the need for Congress to debate and pass a strong financial reform bill, it does not make sense to us, why it would even be under consideration to eliminate the VA Home Loan Program. These are not sub prime loans and in fact have the lowest rate of foreclosure amongst all loan categories. As passed by the Senate, the Merkley Amendment would gut the VA Home Loan Program by taking away our Congressionally mandated right to refinance our VA-guaranteed home loan to a lower interest rate and monthly payment without new underwriting requirements.
We stand ready to fight for our country wherever we are called. We hope that you will stand with us now and fight for our benefits. Please demand that the conferees exempt the VA Home Loan Amendment from the financial reform bill.
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