Video: BECU Discusses New Mortgage Requirements
To help consumers better understand the mortgage process, the Consumer Financial Protection Bureau (CFPB) has established new requirements commonly referred to as Know Before You Owe. As a result, if you apply for a mortgage after the new requirements are implemented, you will receive new easier to understand documents.
Watch the video below for more information on the reason behind these new requirements. Also, get more details on the actual changes and benefits to consumers by visiting our Loan & Mortgage News page.