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"There cannot be a crisis next week. My schedule is already full."
Picture of armywifeshannon
Posted
My husband is active duty (currently in boot camp). We have had our house up for sale since April and the crazy market has of coarse affected our sell.

Would our situation quailfy for a VA loan and how would I go about getting in touch with someone to find out some info. Our lovely adjustable rate mortage will be increasing in Dec. Thanks for your help!
 
Posts: 1600 | Registered: Sun 02 September 2007Reply With QuoteEdit or Delete Message
Basic Training
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I believe your husband has to be on active duty for at least 181 days. I am not for sure on whther or not they count the time in boot camp.
 
Posts: 66 | Registered: Sun 08 July 2007Reply With QuoteEdit or Delete Message
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Finance Forums

Picture of MortgageGuru
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Time in boot camp is counted. But you are going to need to do something sooner than that. In order to refinance the loan you will need to take your house of the market. But, I am assuming that you are planning on moving once your husband is stationed somewhere. So it boils down to two options. Leave your house alone and wait til it sells or refinance it and rent it out once you move.

Paul
See my profile for contact information
 
Posts: 747 | Registered: Tue 20 July 2004Reply With QuoteEdit or Delete Message
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