New Rules Lessen Mortgage Paperwork
It just got a little easier to navigate the complicated home mortgage process. New rules are now in effect to reduce how much paperwork is involved. Instead of four forms from two different government agencies, lenders now have to give homebuyers just two forms that clearly detail the terms of their loan. The simpler forms are expected to make it easier for borrowers to compare loans from different lenders to find the best rate and term.