By Rei Mesa
(Berkshire Hathaway HomeServices Florida Realty)
The new “Know Before You Owe” Mortgage Disclosure Rule is now in effect. If you are a home buyer than you probably will be rejoicing to know that beginning October 3rd, 4 forms typically presented to the home buyer as the mortgage process moves toward closing, has now been simplified to 2. Plus, the information has been succinctly placed into easy to read charts so that your financial obligation is clear and to the point.Whether you are buying Boca Raton luxury homes, Coral Springs homes for sale, or another similar property, the costs you are committed to for the next 7 to 30 years will be outlined in an understandable format so there is no question what you are agreeing to pay.Get more details on the rule and what you can expect from it.