Wednesday, July 11, 2012

Simpler Forms for Fountain Hills Home Buyers

When sitting down to figure out your mortgage and other aspects of the home buying experience, sometimes the forms you are filling out just make no sense. Thankfully, new and simpler forms are about to appear in Fountain Hills

Being able to understand your mortgage is very important. Recently The Consumer Financial Protection Bureau announced that they were thinking of a redesign to make the forms more user friendly. With simpler forms Fountain Hills home buyers won’t feel as nervous purchasing a home. 

Buying a home is one of the biggest decisions of your life. Having someone sit there with you and explain everything that is going on is great, but being able to figure out most of it yourself is even better. With simpler forms you will essentially be able to sit down and read over what you are signing, rather than trusting someone else to tell you what you are signing.

Two sets of disclosure forms are required when buying a home. Sometimes these forms can be confusing, and even have similar information leading to even more confusion.  These forms will soon be replaced with “Loan Estimate” and “Closing Disclosure” forms. With differing the forms home buyers will be able to easily understand what exactly they say and the difference between them. The process of filling out paperwork for your Fountain Hills home won’t be as nerve racking, if you fully understand everything you are reading and signing.

It is reported that making forms simpler for the home buyer will make them feel more comfortable with their decision. You will feel a sense of relief as you sit down to fill out the paper work for your new home and you understand everything. 

If you have any questions, or are interested in buying or selling Fountain Hills Real Estate, feel free to contact me today! I look forward to hearing from you! 

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