The Traderszone Network

Published in TZ Latest News 15 January, 2016 by The TZ Newswire Staff

Home buyers not using new mortgage shopping tool

CFPB

If you’re planning to buy a home with a mortgage in 2016, you’re virtually certain to encounter a new consumer-friendly federal disclosure — the Loan Estimate.

But the question is: Will you use it as a shopping tool, comparing competing lenders’ offers in detail, as the Loan Estimate’s designers hoped you would?

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