Fact check: Ad exaggerates benefits of veterans loan program

The program referenced by Veteran Loans Online is a loan refinance program that was introduced more than 40 years ago to help homeowners with loans backed by the Department of Veterans Affairs decrease their monthly mortgage payments. Veterans Loans Online is managed by LowerMyBills, a third-party … See more

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How Veterans Can Identify And Report Scams - Privacy

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Nov 6, 2024 · Veterans, Service Members, and their families are continuously targeted by scammers. In 2021 alone, Veterans had an estimated $177 million stolen from them through …

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FAQs about Fact check: Ad exaggerates benefits of veterans loan program Coupon?

Is there a new VA home loan scam targeting veterans?

The Department of Veterans Affairs and Consumer Financial Protection Bureau are warning consumers about a new scam targeting veterans with VA guaranteed home loans. According to a news release, there has been a recent jump in scams targeting veterans with home loans. ...

Why is the VA loan program important today?

The VA loan program has backed more than 21 million loans in its now 70-year history. While its roots are in the original GI Bill of 1944, this mortgage benefit is in many ways more important today than ever. ...

Are VA refinance loans a scam?

VA refinance loan scams frequently appear online. The Consumer Financial Protection Bureau and VA warn veterans to use caution when they see VA home loan offers that "may sound too good to be true." ...

Are VA Home Loans a good option for veterans?

VA surveys have shown that about 1 in 3 home-buying veterans don’t know about this benefit. These loans aren’t automatically the best fit for every veteran, but for many this is the most powerful mortgage option on the market. 5. Significantly lower credit benchmarks VA lenders are typically looking for a FICO score around 620. ...

Did the AD '8 out of 10 veterans don't know this exists?

The federal Department of Veterans Affairs told Lead Stories that the ad had nothing to do with their agency, either. The video (archived here) appeared on Facebook on September 18, 2024, under the title: 8 Out Of 10 Veterans Don't Know This Exists A female voiceover in the video continued: ...

Are these veterans' programs real?

BBB Scam Alert: These veterans’ programs seem real. But watch out for impostors By Better Business Bureau. December 19, 2024. As a veteran, navigating government programs and benefits is complicated. Scammers know this – and take full advantage of it. ...