New Changes for Home Buyers
As of January 1, 2010 the federal government introduced new changes to the mortgage industry that effects mortgage companies, closing services, and real estate agents. The changes give greater transparency to mortgage and closing costs when buying a home. The buyer of a home now receives an improved Good Faith Estimate from the mortgage company during the application process that requires more accurate cost estimates than ever before. This is great news for the consumer. See more information go to HUD.GOV
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