No matter what, don't put any stock in the misconception that using your hard - earned VA home
loan benefits automatically means you'll spend more.
Not exact matches
The fixed rate assigned to a
loan will never change except as required by law or if you request and qualify for the ACH interest rate reduction
benefit (s); ACH interest rate reduction (s) apply when full payments (including both principal and interest) are
automatically drafted from a bank account and will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the
loan.
Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance
automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet
benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home
loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death
benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery
benefits; bullet loss of consortium tort
benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...
The fixed rate assigned to a
loan will never change except as required by law or if you request and qualify for the ACH interest rate reduction
benefit (s); ACH interest rate reduction (s) apply when full payments (including both principal and interest) are
automatically drafted from a bank account and will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the
loan.
2 Autopay
Benefit: During Periods when payments are due, borrowers are eligible to receive a 0.50 percentage point interest rate reduction on their
loan by authorizing our
loan servicer to
automatically deduct payments each month from the borrower's bank account.
Coolest feature: Private lenders often promote their «borrower
benefits» - reductions in a
loan's interest rate or principal if a student makes a certain number of on - time payments or has payments
automatically withdrawn from a checking account.
The bank then
automatically repays itself in full by deducting the
loan amount, plus fees, from the account when the customer's next direct deposit paycheck or other
benefits income comes into the account.
Any deposit to the account
automatically reduces the balance owing on a
loan, so you'll
benefit from lower interest payments.
If we identify through the Department of Defense (DOD) website that you meet the eligibility requirements, we will
automatically apply the SCRA
benefit to your eligible
loans.
In fact, if you do not repay principal even till maturity / death, LIC will
automatically square off the outstanding
loan amount against maturity / death
benefit and pay the balance to you / your nominee.