Are you planning on buying a home in Auburn or Opelika soon? If so, you’ll need to know about the new rules that went into effect for mortgage closings in 2015. The Consumer Financial Protection Bureau’s “Know Before You Owe” initiative aimed to simplify loan disclosures and help borrowers better understand their mortgage terms — and perhaps reduce last-minute loan closing drama. (“Wait, what? That was a teaser interest rate?”)
What documents should you expect during the mortgage loan process — and what could trigger a three-day delay in the closing process? Here’s what you need to know.
For all of your real estate needs in the Auburn-Opelika area and to experience the magic of the “lovelies village on the plains” please contact me at (334) 332-7263 or email me at LauraSellers01@Gmail.com or visit my website. I look forward to helping you find the home of your dreams or sell your existing home.