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Shopping for your home loan Settlement cost booklet January 2014This booklet was initially prepared by the U.S. Department of Housing and Urban Development. The Consumer Financial Protection Bureau
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The settlement cost booklet is a document that details the costs associated with a real estate transaction.
Real estate agents, brokers, and mortgage lenders are required to file the settlement cost booklet.
The settlement cost booklet should be filled out with accurate information regarding the costs involved in a real estate transaction.
The purpose of the settlement cost booklet is to provide transparency and clarity regarding the financial aspects of a real estate deal.
Information such as closing costs, loan fees, appraisal fees, and title insurance costs must be reported on the settlement cost booklet.
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