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Tag: truth-in-lending
Second Opinions on Good Faith Estimates
A few weeks ago, one of the Realtors I work with, Suzy Seller, contacted me to see if I could help her client with an out-of-state mortgage. Ima Rusty (names are changed to protect the innocent), was moving to Arizona to retire and perhaps see the sun. Ima had gone to her “local bank mortgage [...]
Posted: March 25th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: closing-costs, Good-Faith-Estimate, prepayment-penalty, purchase, truth-in-lending
Comments: 23
APR: Just One Part of the Mortgage Machine
One of the reasons why we have the Federal Truth in Lending Act (TILA) was to help consumers gather enough information to make an informed decision on the cost of a mortgage loan.
Annual Percentage Rate, or APR is defined as the total cost of credit to the consumer expressed as an annual percentage of [...]
Posted: February 3rd, 2007 under General Real Estate.
Tags: annual-percentage-rate, APR, GFE, Good-Faith-Estimate, Schlicke, TILA, truth-in-lending, understanding-mortgage-lending
Comments: 23
The Ethics of Ambiguity
Lowermybills.com has a new banner ad. I thought the couple dancing in the moonlight on the rooftop was bad. Then there was the much improved version: two male cowboys dancing together. I wonder if they released that banner just on the coastal states and avoided the Midwest; Brokeback Mortgage! Right around the holidays a hideous [...]
Posted: January 13th, 2007 under General Real Estate.
Tags: deceptive-banner-ads, reg-z, simone-de-beauvoir, truth-in-lending
Comments: 41
