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New toolkit to educate consumers on homebuying, appraisal process
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The Consumer Financial Protection Bureau recently released a new toolkit designed to help consumers better understand the homebuying process as they’re shopping for a mortgage. Lenders will be required to distribute the toolkit to help potential homebuyers recognize the cost and purpose of various real estate settlement services, including the appraisal. Keep reading to see what the CFPB stressed homebuyers should know about the appraisal process.
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