The Good Faith Estimate

A good faith estimate (GFE) must be provided by a mortgage lender or broker in the United States to a customer.  The estimate must include an itemized list of fees and costs associated with the loan and must be provided within three business days of applying for a loan.  These mortgage fees, closing costs andContinue reading “The Good Faith Estimate”

Pumpkin Patches and More

I love autumn in New England!  The colors, the apple picking, Halloween and the pumpkin carving.  I’ve included some information on how to make your carved pumpkin last longer.  Also check out this link, Pumpkin Patches & More, for great local pumpkin patches, recipes and the history of Halloween. How to Preserve Your Carved PumpkinContinue reading “Pumpkin Patches and More”

Mortgage Rates still Trending Down

Truth in Lending

The History:  The Consumer Credit Protection Act, more commonly known as the Truth-in-Lending Act, went into effect in 1968. The law is intended to protect borrowers from predatory lending by requiring lenders to fully disclose all costs associated with securing a mortgage loan. Prior to the implementation of the act, borrowers routinely were paying considerablyContinue reading “Truth in Lending”