New Mortgage Forms – What You Need To Know
October 6, 2015 by Postman
New mortgage disclosure rules went into effect that require lenders to provide home buyers two new forms that clearly detail their loan terms.
For more than 30 years, Federal law has required lenders to provide two different disclosure forms to consumers applying for a mortgage and two different forms at or shortly before closing on the loan.
Beginning October 3, 2015, these four forms were