Real Estate Settlement Procedures Act (RESPA)

A federal law, called RESPA, that protects consumers from abuses during the residential real estate purchase and loan process by requiring lenders to disclose all settlement costs, practices and relationships. Source: HUD

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How to Save on Closing Costs

You’ve scouted out the best mortgage rate and fought hard to get the best price on your new home. But your bargaining shouldn’t stop there. Here's how you can save on everything from settlement fees to title insurance.