FreddieMac.com
Skip to content
October 02, 2015

New Mortgage Disclosures Begin Tomorrow

Homeownership
Know Before You Owe

Tomorrow the Know Before You Owe mortgage rule goes into effect, which is designed to simplify and improve disclosure forms for mortgages.  Two new forms will replace all previous forms:

Loan Estimate, given three business days after application

Closing Disclosure, given three business days before closing

These documents will help you understand the costs and terms associated with your mortgage, but remember that your lender and your whole team of experts are ready to help answer all your questions.

Related:

Countdown to Know Before You Know

Will New Disclosures Delay Your Closing?

Want to receive our weekly blog round up? Subscribe at the right - and each Friday we'll send you our latest blog posts.

  • Feedback

    Have a comment or question about this post? Email us to let us know what's on your mind.

    Maximum of 250 characters.