“Know Before You Owe” Campaign

The “Know Before You Owe” campaign is an initiative by the Consumer Financial Protection Bureau (CFPB) aimed at helping consumers better understand the costs and terms of their mortgage loans before they commit. It encourages lenders to provide clear, straightforward information about interest rates, monthly payments, and closing costs. The goal is to empower borrowers to compare different mortgage options easily, make informed decisions, and avoid surprises or hidden fees later. Ultimately, the campaign promotes transparency in the home-buying process, ensuring consumers have the knowledge they need to choose the best mortgage for their financial situation.