The New Oxford American Dictionary defines opportunity cost as “the loss of potential gain from other alternatives when one alternative is chosen.” With interest rates and home prices expected to rise in the near future, the opportunity cost of not purchasing a home in today’s market may grow, according to the Opportunity Cost Report issued […]

Landmark legislation that overhauled the documentation that mortgage consumers receive throughout the finance process and at the closing table was implemented on October 3, 2015. The TILA-RESPA Integrated Disclosure (TRID) rules were designed by the Consumer Financial Protection Bureau (CFPB) to make the mortgage process easier for consumers. The last significant change to this documentation […]