Everything you need to know about home loans in one place. Use our "frequently asked questions" section to learn everything about mortgages, refinancing, home equity lines of credit and more.
The Real Estate Settlement Procedures Act requires mortgage lenders to provide borrowers with accurate and timely cost disclosures for the real estate settlement process, as well as providing other regulations regarding real estate lending practices.
Read MoreThe Truth in Lending Act (TILA) is a federal law designed to protect consumers from unfair or predatory credit practices and billing through the informed use of consumer credit.
Read MoreAny time a potential borrower applies for a home loan in the U.S., the lender is legally obligated to send them a Loan Estimate within three business days of their application. A Loan Estimate can provide you with a variety of important information about the mortgage you’re interested in, including an estimate of the interest rate you’ll be charged, an estimate of your monthly payments, and an approximation of the closing costs you’ll face. And, within a minimum of three business days before a mortgage closes, a lender is legally obligated to give the borrower a Closing Disclosure form. This explains the actual, real terms of the mortgage.
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