Rangel Applauds Raise In Vets Mortgage Insurance

WASHINGTON, D.C. – November 14, 2011 – (RealEstateRama) — Congressman Charles Rangel praised the announcement made by the Department of Veterans Affairs (VA) today that the maximum amount of Veterans Mortgage Life Insurance (VMLI) increased from $90,000 to $150,000, effective Oct. 1, under the Veterans’ Benefits Act of 2010. Maximum coverage will further increase from $150,000 to $200,000 after Jan. 1, 2012.