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by CareyBot

The Mortgage Bankers Association today announced the launch of a new consumer Web site, Home Loan Learning Center, which aims to help consumers understand all aspects of home-buying and home ownership. Topics include understanding the basics of home-buying, such as the importance of consumers' credit record, and, if needed, improving it before they even apply for a mortgage loan; finding the right home that meets their needs and desires; finding a mortgage lender; identifying which loan product best fits their financial situation and "shopping a loan" with various lenders to ensure they get the best mortgage for their needs. A May 2004 MBA national survey of 600 adults revealed that more than 50 percent of Americans planning to buy a home want more information on the home-buying proce...