As mortgage rates continue at historic lows VA home loan program is being used in record numbers by veterans service members reservists National Guard members and some surviving spouses eligible borrowers have an opportunity to qualify for no down payment home loans in addition to regular and interest rate reduction refinance home loans whether use for purchasing a home or refinancing an existing mortgage VA guaranteed home loans are made by banks and mortgage lenders with VA promising to pay part of the loan amount if the borrower fails to repay the balance and a unique aspect of this VA program is a commitment to help borrowers keep their homes if they encounter financial difficulties in fact according to the Mortgage Bankers Association VA s-- foreclosure and serious delinquency rates for more than a year have been the lowest in the housing industry even when compared to prime loans VA loan specialists can intervene on a veteran's behalf with the loan service to explore Home retention options including repayment plans loan modifications and forbearance more information about VA home loan program can be found online by going to WWF loans VA gov or by calling toll-free at one eighty seventy-seven eight two seven three 702 you.
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How to prepare Form Va 10-3542
What Is Va Form 10 3542?
This form is used by the eligible veterans and beneficiaries (the eligibility is determined in the instructions) to receive a compensation of travel expenses. For example, if the veterans go to a VA health care facility, they have the right to return the money they spent during the traveling.
This form is a claim for reimbursement of travel expenses. The information provided is used to determine eligibility for travel benefits and services. If eligible, the claim will be processed for payment and the veterans will receive the money back.
Which documents do support the VA 10-3542 form?
In case the applicant wants the reimbursement of non-mileage expenses (parking, bridge, road and tunnel tolls, meals, lodging) he/she has to prthe corresponding receipts.
When is the VA 10-3542 form due?
The claimant must complete the form within 30 days of travel.
How long does it take to fill the form out?
The estimated time of completing the form is 15 minutes. The filler has to prthe following information:
- Name of the claimant, SSN, date of birth
- Claimant’s status (veteran, caregiver, attendant, donor)
- Veteran’s name, SSN, date of birth (if the claimant and the veteran are different people)
- Information about the travel (addresses of start and end points of the travel; date when the trip begins and ends; mean of transport)
- If the claimant claims the reimbursement of expenses other than mileage, he/she should itemize them and prthe receipt for each expense
- The form must also contain the name and address of the treating facility of the veteran
- The claimant should sign and date the form.
What do I do with the form after its completion?
The completed and signed form is sent to the VA health care facility for further consideration. The claim may also be done in person.
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