Press Release

Maine consumer bureau releases new mortgage guide

AUGUSTA, Maine — Maine’s Bureau of Consumer Credit Protection, an agency within the Department of Professional and Financial Regulation, announces the release of a new, comprehensive mortgage guide, titled “The Downeaster Common Sense Guide to Finding, Buying and Keeping Your Maine Home.” Free to Maine residents, this 32-page booklet provides information for those contemplating the purchase and financing of a home. Covered topics include:

  • How to evaluate whether renting or buying makes the most sense, given income and future plans;
  • How to use current income, debt load and credit reports to predict if a loan may be approved;
  • How to select a mortgage lender or loan broker;
  • How to choose the type of loan product that best fits your needs; and
  • Understanding your obligations after the loan closes.

An online copy can be found at by clicking “Publications” or “Consumer Guides” (directly at Printed copies are available free of charge by calling the Bureau at 1-800-332-8529 (toll-free in Maine).


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