RESPA Rules Limit Fee Increases at Home Closing
A revamped good faith estimate and HUD-1 settlement form mean fewer last-minute surprises at closing because of limits on fee increases. Homeowners in the market to refinance a mortgage or take out an equity loan, as well as homebuyers looking for purchase financing, should benefit from improved RESPA disclosure rules. Lenders are required to use a redesigned good faith estimate, or GFE, form and... [Read more about this property...]
