Should I Refinance?

[real3dflipbook id=”36″] Refinancing happens when you pay off your current mortgage with money from a new mortgage. Usually homeowners refinance to try to lower their monthly mortgage payment. For example, you might be able to get a new mortgage with a lower interest rate when interest rates fall. Refinancing may remind you of what you […]

Shopping for a Mortgage

[real3dflipbook id=”35″] Shopping around for a mortgage takes time and energy. But it can save you thousands of dollars. Make it your goal to compare at least three loan offers from different lenders. Get at least three preapprovals The Internet and newspapers are a good place to start your search. Contact banks, credit unions, mortgage […]

Guide to Closing Forms

[real3dflipbook id=”34″] Promissory Note The Note is the legal document you sign to agree to repay your mortgage. The Note will provide you with details regarding your loan, including the amount you owe, the interest rate of the mortgage loan, the dates when the payments are to be made, the length of time for repayment, […]

Shopping for a Mortgage? What You Can Expect Under Federal Rules

[real3dflipbook id=”33″] You’ll be offered a mortgage that’s set up to be affordable. When you apply for a mortgage, you may struggle to understand how big a monthly payment you can afford. You might assume that lenders and mortgage brokers will not make you a loan that you cannot afford. In the years leading up […]

Ready to Buy a Home?

[real3dflipbook id=”32″] Owning a home can give you stability and security, and protection from rising housing costs. Homeowners get tax benefits. And when you finish your mortgage payments, you’ll own a home that you can sell or pass along to loved ones after your death. But it’s a big responsibility. When you own a home, […]

Have a mortgage? What You Can Expect Under Federal Rules

[real3dflipbook id=”31″] You’ve got support when you look for information or help. As you manage your mortgage payments, you rely on getting accurate and prompt information from your mortgage servicer. Federal rules for mortgage servicers support you. The rules help you understand how your payments work, give you tools if you have problems making your […]

Will the New Mortgage Disclosures Delay My Closing?

[real3dflipbook id=”30″] The answer is NO for just about everybody. When the Know Before You Owe mortgage disclosure rule becomes effective, lenders must give you new, easier-to-use disclosures about your loan three business days before closing. This gives you time to review the terms of the deal before you get to the closing table. Many […]

Your Closing Checklist

[real3dflipbook id=”29″] Congratulations! You’re almost done with the home buying and mortgage process, but there’s one last step: closing. Closing is one of the most important parts of the process—it’s when you legally commit to your mortgage loan. This guide will help you prepare for your closing so you can sign your papers with confidence.

Consumers’ Mortgage Shopping Experience

[real3dflipbook id=”28″] A first look at results from the National Survey of Mortgage Borrowers In the wake of the Great Recession, Congress created the Consumer Financial Protection Bureau (CFPB or Bureau) to protect consumers and help avoid any repeat of the conditions that had led to the financial crisis. It has been widely recognized that […]

Tips for Homebuyers

[real3dflipbook id=”27″] Make the most of the new CFPB mortgage rules Beginning January 2014, new rules take effect that are designed to achieve a common sense goal: When it comes to shopping for a home mortgage, it should be easy for consumers to find the information they need to make good decisions. The CFPB rules […]