Recently I got an e-mail from the newly-formed Consumer Financial Protection Bureau (CFPB). You remember the CFPB, right? No? That’s alright. But you probably remember the agency’s public face, now-Senator Elizabeth Warren of Massachusetts.
So, after coming out of the shoot a few years with the President’s blessing and much fanfare, the CFPB has released the first of several consumer-friendly web-based guides. This one is its Guide to Owning and Buying a Home.
The 3 primary resources offered on the CFPB site are:
Guide to Loan Options: For those just starting their home and mortgage search. Provides necessary information to choose the right mortgage.
Closing Checklist: For those closer to the end of the process, this guide helps prepare them to close.
Closing Forms-Explained: The CFPB breaks down the standard documents used at real estate closings and tells users what to look out for.
On the whole this isn’t a bad first offering. In fact, it could set an entirely positive footprint as the nation moves into the post-Great Recession era.
If anyone gives these resources a try please call or e-mail me with your thoughts.