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It’s simple: You want to own a home. But we know the finances can be much more complicated than that. From adjustable rate mortgages to home equity lines of credit, ask CFPB your questions about mortgages. Find a question by searching, or by browsing this complete list. Select topics on the side to narrow your results.
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Do not submit information that you know is not true on your loan application and do not use a lender or broker who suggests you do so. There can be legal consequences for doing so. If a lender or broker ...
Brokers are usually paid a loan-specific fee for their services. Some brokers are paid by salary, but most also receive commissions for their work. This commission could be paid directly by you or by the lender with whom the broker ...
You can usually check if there has been an order of disciplinary action against a broker by checking with the appropriate state regulator.
You do not have to sign anything at closing unless you are satisfied with the terms. If you are borrowing money to buy a home, you likely have a contract with the seller. That contract may limit the amount of ...
If you have a rate lock agreement, then your interest rate cannot change. You will probably have to pay a fee to lock your rate and the rate lock agreement is usually separate from the Good Faith Estimate (GFE). Unless ...
If your transaction changed from a 15-year mortgage loan to a 30-year mortgage loan, you should have received new disclosures informing you of the change. If you did not receive accurate disclosures about your loan and your lender or broker ...
With respect to most mortgage transactions, a creditor such as a lender or broker may ask about your race, ethnicity, and sex to comply with anti-discrimination laws.
A creditor such as a lender or broker cannot discriminate on the basis of national origin. However, a lender or broker may ask about your permanent residency and immigration status. A lender or broker may consider this information or any ...
If you are applying for individual credit in your own name, a creditor such as a lender or broker may not deny you credit because of your marital status. If you are creditworthy, you may get your own mortgage or ...
In general, only if you want the creditor to consider such payments as part of your application for credit. A lender or broker may ask whether income stated in your application comes from alimony, child support, or separate maintenance payments. ...
