In today’s fifth installment in my seven-part series on what changed after the mortgage meltdown, I’ll focus on the Anti-Steering Safe Harbor Law.
Verify your mortgage eligibility (Aug 3rd, 2021)
When you and I work with a mortgage broker, the broker has the ability to shop a wide array of choices; some will have multiple lenders to select from. However, many choices brings more responsibility.
We’ve been trained to shop for the best interest rates and the best terms, but what if we could get a written guarantee that the ones we’re getting are the lender’s very best? Well, that’s what the recently passed Anti-Steering Safe Harbor Law does: It requires your brokerage to write you a guarantee that your mortgage’s terms are the best they can provide.
Since mortgage brokerages have so much opportunity and access to options, it’s a great thing that this law requires them to be responsible with the terms that we get from their lenders. Isn’t that awesome?
I love anybody who is trying to protect our best interests. In fact, I’d suggest that now is a great time for you to schedule an appointment. Reach out to me so that you and I can visit directly. I can’t wait to design your homeownership success!Show me today's rates (Aug 3rd, 2021)