| A home buyer life is full of worries and debts and | | | | The mortgage lender should give you complete |
| unfortunately they do not have much on their side. | | | | information about the costs of loan and how much you |
| They are countered with cross checking, abnormal | | | | need to pay. They should even reveal the hidden fees. |
| interest rates, credit reports, credit history and so on. It | | | | If you were denied of a loan, the lender has to give |
| is simply not easy to walk in and buy a house | | | | you the reason for it so that you can rectify all the |
| anymore. | | | | issues and reapply for the mortgage with the same |
| However, for a buyer's relief the government has | | | | lender or another one. It is also the lenders responsibility |
| passed some rules that are beneficial for a buyer and | | | | to give you the appraisal of the home you are planning |
| protect his rights. As a buyer you have some rights | | | | to purchase. In addition, if the lender has accessed |
| and the same applies if you are a borrower. Everyone | | | | your credit report and found it unsatisfactory, a copy |
| who is buying a house should be aware of their rights. | | | | of it has to be given to you along with the denial of the |
| As a home buyer you do not have to be forced to go | | | | application. |
| to one lender and you have every right to consider | | | | The buyer has a right to say no to the loan even after |
| several options before you decide. It is your money so | | | | the approval but some of the fees may not be |
| you have the right to decide. | | | | refunded. |