In field 8: Current Monthly Housing Expense, you record the amount of money needed to pay the veteran's current rent or mortgage each month. This information is transferred from the Verification of Rent or Mortgage Account form. For mortgage payments, you can also verify the amount against a credit report or direct verification from the mortgage company. Learn more about this topic in the Debt and Credit History lesson. Refer to the VA Lender's Handbook for more details regarding the Current Monthly Housing Expense.
|
020200000080 |