Definition: A historical name for a federal consumer booklet explaining mortgage and settlement costs. For current covered purchase-mortgage education, CFPB's Your Home Loan Toolkit succeeds the earlier booklet.
Example
A buyer uses the toolkit to compare loan features and understand closing costs.
Keep the distinction clear
The booklet provides general education. It does not replace the transaction-specific Loan Estimate, Closing Disclosure, or required loan terms.
Related terms
Good Faith Estimate (GFE) · Loan Origination Fee · Annual Percentage Rate (APR)
Keep studying
Loan Estimate, Closing Disclosure, and Loan Approval: Different Steps
References: CFPB: Your Home Loan Toolkit
Pronunciation (US): HUDZ SET-ul-munt KAWST BOOK-lit (capitals show stress)
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