Home Buyers Required to Take Mortgage Classes Before Buying

Now, here's a pretty good idea. According to the Las Vegas Review Journal, some lenders have required buyers to take a mortgage class in the past. However, they were very lenient when it came time to report the outcome. Some never took the class but claimed they had and that was good enough.

Well, it looks like that is about to change. Some groups are pushing for home buyers to take a class and even be tested to show some type of competency before taking on a loan. Lenders feel that they may be left standing with empty hands less often if their customers are educated and privy to options and regulations. It's probably not a bad idea.