Realtor Magazine Online examines the newly expanded homeownership opportunities for veterans due to the Veterans' Benefits Improvement ACT of 2008.  President Bush signed this bill into law last Friday. 

"This [bill] will go a long way toward helping veterans buy and keep their homes," said Dick Gaylord, NAR president. 

The law will:

1. Make it easier for veterans to refinance out of risky subprime loans into safer, more affordable homes;
2. Make the VA loan limit increases permanent; and
3. Allow the VA to offer adjustable-rate mortgages to veterans - making homeownership more affordable to veterans that have to move more frequently than their civilian counterparts.

Read full story at the Realtor Magazine Online