With subprime mortgages making headlines over the past few weeks, buyers can be ambivalent about their lending options. New online guides and free brochures help to clear up any confusion and help consumers find a loan that suits them.
“Given the current real estate climate, home-buyers are faced with considerable decisions that could affect their financial state for years to come,” said Thomas R. Evans, President and CEO of Bankrate.com, which released a financial literacy guide that explains the lending process.
In addition, the NATIONAL ASSOCIATION OF REALTORS®, the Center for Responsible Lending, and the Federal Housing Administration offer online resources for consumers.
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Updated: 1st Q 2018
