Mortgage Loan Guidance and Information - HUD Settlement Cost Booklet

In accordance with Real Estate Settlement Procedures Act (RESPA) laws, you are supposed to get this HUD settlement cost booklet within 3 days of loan application - http://portal.hud.gov/hudportal/documents/huddoc?id=SETTLMENTBOOKDEC_15REVISED.pdf

The booklet outlines what to expect when considering purchasing a home including

• if it's right for you; what you an afford; 
• some of the inspections to perform; 
• shopping for a loan and evaluating the different types of loans; 
• selecting a lender; 
• closing attorney; 
• what to expect from the Good Faith Estimate (GFE); and 
• an excellent detailed discussion of the HUD-1 Settlement Statement.

Don't wait to make a loan application to receive and read this booklet - glance through it when you consider buying a home. 

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