Consumer Tools

Consumer Tools

Buying a home is a big step, one that requires that you prepare for the process. Mortgages are complicated financial transactions, but with the right tools and information you can navigate your way to homeownership. MBA is here to help. Use the consumer resources on this page to start your journey.
 

Five Steps to Homeownership
Consumer Tools 1Prepare for the Process.

Learn how to prepare for homeownership - one of the most important decisions an individual or family can make. This guide readies you for the challenges in the homebuying and financing process and offers steps you, as a consumer, can take as you prepare to buy your home.

Consumer Tools 2Evaluate Your Credit.

This handy guide provides insights on your consumer credit rating and helps you understand how mortgage lenders decide if they will loan you money for your new home. Learn where you can find a free copy of your credit report and how to potentially improve your credit score.

Consumer Tools 3Shop for a Mortgage.

This guide contains important consumer information on the new mortgage rules in effect as October 3, 2015. Learn how these changes, including information on the new Loan Estimate and Closing Disclosure forms will impact the process and what you can do to prepare.

Consumer Tools 4Get the Facts on Closing.

You've found the house of your dreams, and a mortgage product that works for you...now what?. Learn about the closing process, types of paperwork and documents required, and what your new mortgage will include. Don't be surprised by fees, taxes and deadlines and review this brochure targeted at consumers to ensure your closing runs smoothly.

Consumer Tools 5Plan for the Unexpected.

Prepare. Even an experienced homeowner needs to plan and budget for unforeseen problems so that they meet their financial obligations. This consumer guide advises you on ways you can budget for your new home, preparing for surprises and unknowns and learn how to work with your lender if unforeseen circumstances should arise.


Designing Spaces with David Stevens

MBA’s president and CEO David H. Stevens recently participated in a segment on Designing Spaces airing on Lifetime Television. We were excited to use this national television platform to reinforce that it’s a great time to buy a home. Click on the video above to hear from the Williams Family on their exceptional homebuying experience, and see what tips we’re providing to potential homeowners on how to prepare for the process.

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5 Tips to Minimize Stress in the Mortgage Process



Finding a mortgage that works for you can be overwhelming, but a few simple steps can cut the anxiety.

by: David H. Stevens, CMB
President and CEO
Mortgage Bankers Association

Read the 5 Tips

Know Before You Owe

October 3rd marked significant changes to the homebuying process. Download this flyer for details or visit the Consumer Financial Protection Bureau's site at www.consumerfinance.gov for more information.

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