This may be the largest and most important loan you get during your lifetime.
You should be aware of certain rights before you enter into any loan agreement.
| You have the RIGHT: |
| |
to shop for the best loan for you and compare the charges
of different mortgage brokers and lenders. |
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to be informed about the total cost of your loan including
the interest rate, points and other fees. |
| |
to ask for a Good Faith Estimate of all loan and settlement
charges before you agree to the loan and pay any fees. |
| |
to know what fees are not refundable if you decide to cancel
the loan agreement. |
| |
to ask your mortgage broker to explain exactly what the
mortgage broker will do for you. |
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to know how much the mortgage broker is getting paid by
you and the lender for your loan. |
| |
to ask questions about charges and loan terms that you do
not understand. |
| |
to a credit decision that is not based on your race, color,
religion, national origin, sex, marital status, age, or whether
any income is from public assistance. |
| |
to know the reason if your loan was turned down. |
| |
to ask for the HUD settlement costs booklet “Buying
Your Home”. |
