New Law Will Protect You From Surprise Closing Costs

By clintproPalos Verdes, Real Estate Market Data

Palos Verdes Real Estate Pro’s latest real estate tip:
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You’ve heard the stories: At the eleventh hour home buyers find that the closing costs are different from what they were told.  But fear no more. There’s a solution.

Thanks to new mortgage rules from the Consumer Financial Protection Bureau (CFPB) that kicked in on Oct. 3, 2015, there’s good news on the dreaded loan paperwork front, especially for those about to close on a new house. The new rules are nicknamed “Know Before You Owe.”