KNOW BEFORE YOU OWE

Buying a home is a huge financial commitment. Most people who buy property take out loans to do so.
The Consumer Financial Protection Bureau (CFPB) is a government agency tasked with supervising lenders, developing rules to regulate the mortgage industry and educating consumers about mortgages.
Federal laws require the CFPB to provide buyers with two disclosures — the loan estimate and the closing disclosure — before closing. The loan estimate contains information about your loan. The closing disclosure includes all of your loan terms and closing costs.

“Know before you owe” disclosures are meant to protect homebuyers. But they don’t do anyone any good if they aren’t read and understood. That is where we come in.

Attorney Greg Shettle will sit down with you, review your mortgage documents and explain them to you in terms you understand. When you leave our office, you will know:

The total cost of your loan, taking into account your standard mortgage rate, mortgage points, origination fees and closing costs

Your estimated monthly payments

Your estimated escrow

The amount of cash you will need to close

The risks associated with your loan