Why Home Loan Shopping Will Be Easier In 2010
On January 1st, 2010 lenders were required to go to standardized good faith estimate forms. Prior to now, lenders used many different forms that could be difficult to read for purchasers. The new forms will make it easier to compare fees between lenders making the home loan shopping process a lot easier.
The lending process can be complicated enough. The new good faith form is very straight forward and should make this process a little easier while making lenders more competitive.
Here is a section of page one to show you how upfront the new form is…
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