First, ask your lender for a specific reason why your rate or fees have changed.
An origination fee is what the lender charges the borrower for making the mortgage loan. Mortgage origination services may include processing the application, underwriting and funding the loan, and other administrative services.
Don't sign the closing documents if the loan is not what you were promised.
Scammers are increasingly taking advantage of homebuyers during the closing process. Here’s how it works and how to avoid it happening to you.
Scammers are constantly finding new ways to steal your money. You can protect yourself by knowing what to look out for.
The Closing Disclosure is a five-page form that helps you understand the key features, costs, and risks of your mortgage loan. These changes make it easier...
Scammers are targeting homebuyers days before closing on their new home. A few simple steps can protect you and your life savings. Watch this video to learn more.
Today we're releasing the results of a pilot program where we explored tools and process changes that can help consumers better navigate closing by...
As you explore loan choices, follow these steps to meet with lenders, ask questions, and decide what kind of mortgage is right for you.
Signing your closing documents is the final step in the homebuying process. Here’s a breakdown of the paperwork and other things you need to keep track of.
Government recording charges are fees assessed by state and local government agencies for legally recording your deed, mortgage and documents related to your home loan.
Signing your closing documents is the final step in the homebuying process. Here’s a breakdown of the paperwork and other things you need to keep track of.
Financial literacy activity where students analyze a picture of things in a park to identify which ones would cost them money and which ones wouldn’t.
Signing your closing documents is the final step in the homebuying process. Here’s a breakdown of the paperwork and other things you need to keep track of.
Depending on your financial situation and needs, you may be able to get other loan products that cost less or involve less risk than a Home Equity Line of Credit (HELOC).
During this time, you sign legally binding documents in which you agree to pay back a loan and grant the lender the right to take back the house if you do not make the payments you agreed to.
An initial escrow deposit is the amount that you will pay at closing to start your escrow account, if required by your lender.
Yes. You can always negotiate the terms of the mortgage loan up until you sign on the dotted line. However, your lender or the seller can refuse to agree to any changes.
A Truth-in-Lending Disclosure Statement provides information about the costs of your loan.
A demand feature permits the lender to require early repayment of the loan.
