When must each applicant receive the "Your Home Loan Toolkit" book?

Each applicant must receive the "Your Home Loan Toolkit" book during the loan application process because this resource is designed to help borrowers understand the mortgage process. Providing this toolkit at this stage ensures that applicants have the necessary information to make informed decisions about their home loan options. The toolkit offers insights into various aspects of obtaining a loan, such as understanding loan estimates and the importance of comparing different lenders and loan products. This timing is crucial as it directly relates to the applicant's engagement with their mortgage journey, providing the right information when they are actively involved in applying for a loan.