Government Studies Reveal That Consumers Shy Away From Mortgage Research

Those seeking to buy a home and obtain a mortgage tend to spend much more time locating the house and less time deciding on a lender.  The complexity of the process may be to blame so the Consumer Finance Protection Bureau and the Federal Housing Finance Agency have created an online “Owning a Home Toolkit.”  The primary feature of this government assistance program is the rate checking tool which allows borrowers to easily compare rates and lenders-an activity that sometimes gets neglected.  Closing Attorney Rick Dunn saw this webpage with links to the toolkit:  http://www.inman.com/2015/01/13/uncle-sam-wants-you-to-shop-for-a-mortgage/