WASHINGTON – The U.S. House passed Arizona senior Senator Kyrsten Sinema’s bipartisan Protecting Affordable Mortgages for Veterans Act — legislation that safeguards veterans from predatory loan practices and helps them more easily access their earned homeowner benefits. The legislation, cosponsored by Republican Senator Thom Tillis, previously passed the Senate and now heads to the President’s desk to be signed into law.
“Passage of our bill shows what can get done when we work across party lines and stay focused on fixing issues for everyday Americans. I’m proud to have worked with Arizona veterans and my colleagues to get this done, and ensure our veterans have full access to the homeowner benefits they’ve earned,” said Sinema, a member of the Senate Veterans’ Affairs Committee.
Currently, an unintended consequence in existing law makes it more difficult for veterans to use the VA home loan guaranty to refinance their mortgages. Sinema’s bipartisan Protecting Affordable Mortgages for Veterans Act fixes this problem and allows Arizona veteran homeowners save money, pay off their mortgages, and avoid falling prey to predatory lenders.
The Protecting Affordable Mortgages for Veterans Act is Sinema’s first Senate bill to head to the President’s desk to be signed into law.
