When shopping for mortgages in Pennsylvania it is important that you understand your rights, as well as the methods for obtaining the best possible loan.

 

 

Whenever you get a Mortgage in Pennsylvania it is regulated by the Pennsylvania Department of banking, consumer services division, you can reach them at one 800 PA-banks or on the Internet at www.banking.state.PA.US.

 

 

You do have specific rights for mortgages and Pennsylvania such as the truth in lending act, which allows borrowers when someone’s at least three days after closing to back out, as is called right of rescission.

 

 

If you think you’ve been treated unfairly in a mortgage loan transaction call the 800 number listed above or check them out on the Internet.