Technology is transforming everything. Soon, consumers will find themselves being offered platforms that allow borrowers to access mortgage closing documents online.
In addition to the amount you borrow, payday lenders generally add a finance charge that’s a percentage or dollar amount per $100 borrowed.
As part of the our broader efforts to improve the mortgage process for consumers, we took a close look at one important part of a mortgage transaction: the...
Your down payment will affect not just how much money you need to bring to closing, but also how much your mortgage will cost overall. Read on to find out...
Congratulations on your new home! Remember, your mortgage is a big financial commitment. Keep your documents so you can refer to them as needed.
The federal Truth-in-Lending Act (TILA) requires lenders and dealers provide you with written disclosures – before you sign your contract – listing your auto loan’s costs and terms.
There are several ways to consolidate or combine your debt into one payment, but there are a number of important things to consider before moving forward with a debt consolidation loan.
Thank you all for joining us today. We have convened this forum to discuss the results of our pilot project on electronic mortgage closings, which are known...
In addition to strengthening the protections for high-cost mortgages, the Bureau today is implementing a requirement of the Dodd-Frank Act that lenders...
Use this tool to review your Loan Estimate to make sure it reflects what you discussed with the lender.
An appraisal is a written document that shows an opinion of how much a property is worth.
When you apply for a HELOC, the lender must give you important information about the terms and costs of your HELOC. This information includes the length of ...
Typically, a reverse mortgage loan is more expensive than other home loans.
You're not necessarily being charged more if the amounts on your loan forms are different from your title insurance paperwork.
The “closing” is the last step in buying and financing a home. The "closing,” also called “settlement,” is when you and all the other parties in a mortgage loan transaction sign the necessary documents.
Last month, we unveiled two new prototypes for a single mortgage disclosure to replace the HUD-1 Settlement Statement and final Truth-in-Lending disclosure...
Before you take out a Home Equity Line of Credit (HELOC), be sure to read the documents carefully to see what fees your lender can charge you.
A Loan Estimate is a three-page form that you receive after applying for a mortgage.
Mortgage insurance lowers the risk to the lender of making a loan to you, so you can qualify for a loan that you might not otherwise be able to get.
Last month, as we tested another round of the initial mortgage disclosure, we mentioned that we'd be shifting our focus in the coming months. Today, we...
