VA Mortgage Center A PDN Casework Sponsor you
can trust!
At VAMortgageCenter.com we
specialize in VA Home Loans. Our mission is to help Veterans and
active duty service members take full advantage of their VA home
loan benefits by assisting them in every way we can. We are both
a lender and a broker, which means we can either lend money to
the borrower or broker it out to a big name lender. Although VA
home loans are our specialty, we also offer both FHA and
conventional products.
Until recently, VA home loans
were an unpopular choice. Getting one was a frustratingly slow
and difficult process, and few people understood the ins and
outs well enough to answer questions they most likely had
themselves. This is why we have made it our business to know
everything there is about VA home loans. We work with Realtors
and lenders nationwide to get Veterans and active duty military
personnel into homes all over the country. Most important, we
strive to educate Veterans and active duty members about the
many benefits they may be entitled to.
Know Your Benefits:
As a
Veteran or an active duty member, you and/or your family are
entitled to certain benefits through the U.S. Department of
Veterans Affairs. Too many Veterans and service members are
unaware that many of these even exist, let alone what they
qualify for. Below is just one of the many benefits with a brief
explanation of what they entail. To learn what other benefits
you may be entitled to, visit
http://www.vajoe.com/benefits/
or the Department of Veterans Affairs Web site:
http://www.va.gov/.
GI Bill and other Educational benefits:
Education may be one of your
goals, but the high costs can easily push that plan aside.
Fortunately, high education costs are no secret, and for this
reason you could be eligible for more than $50,000. There are
different programs for each military branch that offer
assistance for whichever educational route you choose to take.
The Montgomery GI Bill
There is a new Post 9/11 GI Bill
which will be implemented in two-stages. The first is during the
2008-2009 academic year, in which Veterans would receive $1,300
per month. You would receive your full benefits through the new
bill the following year. You are eligible if you have actively
served in the Armed Forces since Sept. 11, 2001, for at least 36
months or for 30 consecutive days if you were discharged for a
service-connected disability. If you are not eligible for the
full benefits, you are still eligible to receive lesser amounts
of educational assistance.
Armed Forces Tuition Assistance
You can receive up to $4,500 if
you are an active duty service member and in some cases if you
are in the Reserves or National Guard. The funds are paid to the
schools and cover fees such as tuition, lab, enrollment,
computer and supplies.
Veterans Education Assistance
Program (VEAP) To those who served
between Jan. 1, 1977, and June 30, 1985: If you contributed to
this plan from your military pay, every $1 of yours will be
matched by $2 from the government. You have 10 years from your
release date to use your entitlement.
The Reserve Educational
Assistance Program (REAP) Selected Reserve and
National Guard Members: You are eligible if you served on or
after Sept. 11, 2001 for at least 90 days. You can use your
entitlement for 36 months.
Survivors & Dependents
Educational Assistance
You can receive up to 45 months
and more than $37,000 of educational assistance if you are a
son, daughter or spouse of a Veteran who died or is 100 percent
disabled from a service-connected disability; who is a service
member missing in action or captured in line of duty by a
hostile force; who is a service member who was forcibly detained
or interned in line of duty by a foreign government or power;
and, effective since Dec. 23, 2006, a service member who is 100
percent disabled from a service-connected disability and is
hospitalized or receiving outpatient treatment because of it and
is likely to be discharged for it.
Defense Activity for Non-Traditional Education Support (DANTES)
Active duty service members or certain Veterans and Reservists
can earn a degree or certification while still serving. DANTES
is a DoD organization that operates through untraditional means,
such as independent studies or online learning, and allows you
to meet your educational goals on your own time.
National Call to Service (NCS)
If you complete eight years of continuous military service, you
have several options for educational assistance. For example,
you can receive a $5,000 bonus or have up to $18,000 of your
student loans paid off. Once you sign up for NCS, you must
complete the eight years in three phases to become eligible for
these benefits.
*Most regionally and nationally
accredited colleges and universities are VA-approved. But if
you’d like to double-check you can call the toll-free GI Bill
phone number: 1-888-GIBILL-1.
