July 15, 2019 Dona DeZube
Borrowers applying for a mortgage now get a five-page form designed to make home loans easier to understand before the deal is finalized.
Adjustable-rate mortgage (ARM), Closing costs, Discount points
July 2, 2019 Dona DeZube
Borrowers are receiving a new form called a Loan Estimate after they apply for a mortgage. It explains the key terms, from interest rates to closing costs, and ensures you're getting the home loan your lender promised.
Adjustable-rate mortgage (ARM), Consumer Financial Protection Bureau, Discount points
May 29, 2019 Dona DeZube
If you're bracing for the minimum payment on your home equity line of credit to go up — way up — there's no need to panic. There are lots of ways to deal with repaying this debt.
Home Affordable Refinance Program, Home equity line of credit (HELOC), Mortgage servicer
August 15, 2011 Dona DeZube
Your title company is supposed to settle your old mortgage at the closing table.