Here is a link to the Home Loan Tool Kit.
The Consumer Financial Protection Bureau (CFPB) has introduced a new disclosure, that will take effect on August 1, 2015. The "Home Loan Tool Kit" is part of the new "Know Before You Owe" initiative.
The purpose of this new disclosure is to make it easier for potential borrower to make better financial decisions by providing a step by step approach to shopping for the best possible mortgage loan.
The (CFPB) wants to make sure any potential borrower will make an informed decision, by making sure the borrower understand the home buying process from beginning to end.
We welcome any changes that will allow us to better serve our clients.