09/17/2026
Terminology Thursday! Today's Term: Real Estate Settlement Procedures Act (RESPA)
RESPA is a federal law that helps protect homebuyers by requiring transparency around certain mortgage and settlement costs.
In simple terms, it helps make sure buyers receive important information about their loan and closing costs so they can better understand what they’re paying for.
My insider tip: Always review your Loan Estimate and Closing Disclosure carefully before closing. If something looks different from what you expected, ask questions. You should never feel like you’re just signing paperwork without understanding the numbers.
I’m always happy to help my buyers know what to look for throughout the process.
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