12/02/2019

Mortgage Home Loan Rights


Your list of rights when applying for a home mortgage loan:

  1. RIGHT to shop for the best loan for you and compare the charges of different mortgage brokers and lenders.
  2. RIGHT to be informed about the total cost of your loan including the interest rate, points, and other fees.
  3. RIGHT to obtain a “Loan Estimate” of all loan and settlement charges before you agree to the loan or pay any fees.
  4. RIGHT to know what fees are nonrefundable if you decide to withdraw your loan application.
  5.  RIGHT to ask your mortgage broker to explain exactly what the mortgage broker will do for you
  6. RIGHT to ask questions about charges and loan terms that you do not understand.
  7. 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 derived from public assistance.
  8. RIGHT to know the reason if your loan application is turned down.
  9. RIGHT to receive the HUD settlement costs booklet “Buying Your Home”.

Your borrower  list of responsibilities when applying for a home loan:


  1. To answer questions  in full with honesty
  2. provide paperwork without crossing out or altering the statement
  3. Respond to emails and phone calls promptly
  4. Read what is sent to you
  5. Ask lots of questions

All photographs are under my copyright
From greenhouse and fields in California