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ATTENTION BORROWER!
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.
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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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| You have
the RIGHT to be informed about the total cost of your loan including the
interest rate, points and other fees.
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| You have
the RIGHT to ask for a Good Faith Estimate of all loan and settlement
charges before you agree to the loan and pay any fees.
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| You have the
RIGHT
to know what fees are not refundable if you decide to cancel the loan
agreement.
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| You have the
RIGHT to ask your mortgage broker to explain exactly what the mortgage
broker will do for you.
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| You have
the
RIGHT to know how much the mortgage broker is getting paid by you and the
lender for your loan.
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| You
have
the RIGHT to ask questions about charges and loan terms that you do not
understand.
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| You have
the
RIGHT 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.
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| You have
the
RIGHT to know the reason if your loan was turned down.
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| You have
the
RIGHT to ask for the HUD settlement costs booklet "Buying Your Home."
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Additional information can be found in the HUD brochure
"Buying Your Home"
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