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Mortgage Professor about mortgage disclosure: 
Disclosure Rules on Mortgage Assumptions
February 19, 2001 "When I purchased my home two years ago, I assumed the mortgage of the seller. Recently I applied to refinance, and was told that I had to pay a $5,000 prepayment penalty. The loan documents I was given ... more...

Subordination Policy of Second Mortgage Lenders
May 24, 1999 Most economists view mandatory disclosure as a reasonable way of making a market work better if the market is one in which one party to the transaction knows much less than the other. This is the rationale for the ... more...

mortgage disclosure related definitions

Good Faith Estimate, GFE
Good Faith Estimate (GFE) A disclosure of estimated settlement costs. Lenders or brokers must provide this list to the loan applicant for a mortgage loan within 3 business days after receipt of the application. The GFE is intended to assure that consumers have adequate ... more...

Regulation Z
Regulation Z, Reg Z A federal regulation requiring creditors to provide full disclosure of the terms of a loan including the terms of the loan and the annual percentage rate (APR). APR is a interest rate reflecting the cost of a mortgage as a yearly rate. This rate ... more...

More about mortgage disclosure

Get Free mortgage disclosure Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

RESPA: The Real Estate Settlement Procedures Act
The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute, first passed in 1974. One of its purposes is to help consumers become better shoppers for settlement services. Another purpose is to eliminate kickbacks and referral fees that increase unnecessarily the costs of ... more...

How to Sell Your Home Without a Real Estate Agent
Considering the rapid rise in home prices over the past several years, home sellers are taking a hard look at the commission they have to pay to a real estate brokerage to market and sell their home. Real estate commissions vary across the country; they average in the four to seven percent range ... more...

The Worst Way to Shop for a Home Mortgage
You've found a house that is perfect for you. It is so appealing that you're willing to endure the hassle of obtaining a mortgage.It is downright frustrating to shop for a mortgage these days. First of all, some stranger wants to know how much you make and how much you have in the bank. Then you ... more...

Home Owners: Disclose the Facts!
One of the most common causes for disputes occurring after the sale of a home arise from the buyer finding defects in the property, defects which were not disclosed to him by the owner before the sale of the property. If you are the owner of a home that you are looking to sell, please be aware that ... more...

3 Things To Look For In A Mortgage Refinance Lender Online
With all the Mortgage Refinance lenders available online, choosing the right one can be a daunting task. Picking a reputable loan company can help ensure a good interest rate, a low cost loan, and excellent customer service. So as you compare Mortgage Refinance lenders, look for these three ... more...

Bad Credit Debt Consolidation Mortgage Loans
Even with bad credit you can consolidate your debts with a mortgage loan. Refinancing your mortgage to cash out your equity will help you get out of debt quicker. By paying less on interest charges, you can focus on paying off your principal.Shopping Smart With Bad CreditBad credit doesnt mean you ... more...

Shopping for a Mortgage, Avoid Three Common Mistakes
Buying a home or refinancing one is perhaps the largest financial transaction you will ever make in your life, so you want to be sure to avoid any mistakes that may cost you in the long run.When you are deciding on a mortgage, you certainly dont want to make your decision by flipping a coin.You ... more...

For Sale By Owner, What Are You Really Saving?
WHAT ARE YOU REALLY SAVING WHEN YOU SELL YOUR HOME YOURSELF?Most people who try to sell their homes themselves, will put "Brokers Welcome" in their ads, fact sheets and flyers. That is a great idea, considering that over 90% of all homes sold, are in fact sold by real estate agents, even For Sale ... more...

Why You're Probably Not Getting the Best Mortgage Rate Quote?
A loan is basically a product and like all products, its sales pitches can be exaggerated. The end result is that you end up with a loan that may not suit your needs at all. When shopping around for the best mortgage rate that is most suitable for you, one needs to be highly discerning with exactly ... more...

Encouraging Debt
Most of us don't talk about money, finances, credit, debt....Young people especially go into the real world blind about these issues. They have had it easy or difficult growing up financially. Some kids use their parents credit cards or are even issued one. Some don't have anything above the ... more...

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