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Friday, April 3, 2015

CFPB Releases Mortgage Shopping Toolkit

The Consumer Financial Protection Bureau (CFPB) earlier this week released a new toolkit designed to guide home buyers through the process of shopping for a mortgage.

 “Know Before You Owe” is a great resource for home buyers and was designed to help explain the complicated mortgage process in detail. Included in the toolkit is a detailed explanation of the new Loan Estimate and Closing Disclosure forms that lenders are required to begin providing in August.

The toolkit was designed to replace an existing booklet that creditors must provide to mortgage applicants.

Toolkit Features
  • Interactive mortgage shopping worksheet
  • Lender shopping checklists
  • Information on how to handle problems
  • Disclosure forms
  • Rate Checker tool
  • And more
Online Version
Order Hard Copies
Copies can be ordered from the GPO website: