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The CFPB's electronic version of its Know Before You Owe Mortgage Toolkit includes interactive forms to help consumer find the right mortgage for them.  [Click to Enlarge]

CFPB Releases Mortgage Toolkit Aimed At Making The Home Buying Process Easier

In January, the Consumer Financial Protection Bureau released a report suggesting that many homebuyers spend more time looking for a TV than shopping around for the right mortgage. In an attempt to make things a little less daunting for prospective borrowers, the Bureau today released the “Know Before You Owe” mortgage shopping toolkit. [More]

Nearly half of all consumers didn't shop around before applying for a mortgage.

Many Homebuyers Spend More Time Shopping For A TV Than Looking For The Right Mortgage

Potential homeowners might spend months nitpicking and fretting over the features of a seemingly endless series of houses they could buy, but a new report from the Consumer Financial Protection Bureau claims that half of American homebuyers aren’t taking the same care when it comes to shopping around for the right mortgage, often putting themselves in precarious lending situations and missing out on savings. [More]