A new Act was passed making some VA changes as of May 25, 2018. The name of the Act: “Protecting Veterans from Predatory Lending.” The Department of Veterans Affairs felt that lenders were refinancing VA loans when the REFI was not in the “best interests of the Veteran.” Go figure.
You need to know the rules of Fee Recoupment, Net Tangible Benefits, Loan Seasoning, and other factors. For a copy of the Act go Policy Guidance Update.
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