At the CFPB, we are working to make the process of getting a mortgage simpler and easier to understand. Part of that work is a new rule that improves disclosure forms; another part is giving you comprehensive and trustworthy resources to guide you through the mortgage process.
If you read our blog regularly, you’ve gotten the picture by now: We care a lot about making your experience with mortgages better. We just released rules that redesign the forms you get when applying for and closing on a mortgage, and we made sure to seek your feedback throughout that process. And in January, […]
It can be hard to understand the language of financial products and services. Just what exactly is a grace period? What about an ARM? A balloon payment? And while the Internet can serve up an answer, how can you be sure it’s the right one? Ask CFPB, a new interactive online tool from the Consumer […]