Washington, DC – March 2, 2011 – (RealEstateRama) — In response to the recent rise in home foreclosures, Congresswoman Susan Davis (D-San Diego) introduced legislation to give veterans access to mortgage refinancing opportunities. The Veterans Home Loan Refinance Opportunity Act (H.R. 834) will allow veterans in Alaska, Oregon, California, Wisconsin, and Texas to take advantage of low-interest home loan refinancing options available from the state. Currently, veterans in these states can use the home loans to purchase a primary residence — but not to refinance.
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