This information is for anyone looking to secure a loan for any piece of Seattle Washington Real Estate. You Need To Know Your Rights!
- You have the RIGHT to shop for the best loan and compare the charges of different mortgage brokers and lenders.
- You have the RIGHT to be informed about all costs associated with the loan including the interest rate, points and other fees.
- You have the RIGHT to ask for a Good Faith Estimate (GFE) of all loan and settlement charges before you agree to the loan and pay any fees.
- You have the RIGHT to know what fees are not refundable if you decide to cancel the loan agreement.
- You have the RIGHT to ask your mortgage broker to explain exactly what the mortgage broker will do for you.
- You have the RIGHT to know how much the mortgage broker is getting paid by you and the lender for your loan.
- You have the RIGHT to ask questions about charges and loan terms that you do not understand.
- You have the 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 from public assistance.
- You have the RIGHT to know any reasons that determine why your loan was turned down.
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