The Department of Veterans Affairs (VA) is encouraging military members, veterans and surviving widows with at-risk loans to seek advice from VA loan counselors even if their loans are not VA-guaranteed. While, VA loan counselors at the nine VA regional loan centers lack the authority to restructure or renegotiate loans not backed by VA, they can advise veterans on their options and on how they may negotiate with mortgage holders to avoid default. To find your nearest VA regional loan center, call toll-free 1-877-827-3702. VA loan counselors have helped 74,000 homeowners since 2000, including half of all VA loans that were in serious default last year, thus saving the government nearly $1.5 billion.
Read more on this subject at Military.com.
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