Notary Board: Re: TIL

Notary Board
[ Post a Response | Notary Board ]

Re: TIL

Posted by ReneeK/MI on March 18, 2009, 4:06 pm, in reply to "TIL"
68.43.29.109

Simple way to understand the concept:

Lender is giving you 430 apples (the loan)
You are giving the lender 1 apple (fees to buy the loan)

Effectively, the Lender is only giving you 429 apples (Amount Financed).

To arrive at the Amount Financed, you DEDUCT all fees included in the APR.

--Previous Message--
: Why is the amount financed different on
: the Truth in Lending from the HUD?
:
:
:

Message Thread:

TIL - Pat/WA March 18, 2009, 8:49 am
- Re: TIL - JanetK/CA March 29, 2009, 9:43 pm
- Re: TIL - ReneeK/MI March 18, 2009, 4:06 pm
  - Great, Renee...an explanation any B can 'get'. - Lee-AR March 22, 2009, 9:43 pm
    - Keep going, Renee! - CA notary March 23, 2009, 10:14 am
      - Re: Keep going, Renee! - Craig / CA March 24, 2009, 12:12 pm
        
        Except ... but ... it's not correct =( - ReneeK/MI March 24, 2009, 4:32 pm
        
        Re: Except ... but ... it is.... as much as it can be. - Craig / CA March 25, 2009, 11:54 am
        
        =) Game on, Craig! - ReneeK/MI March 26, 2009, 3:43 am
        
        Oh no.... - Craig / CA March 26, 2009, 11:18 am
        
        Re: Oh no.... - ReneeK/MI March 26, 2009, 12:56 pm
        
        Different methods for different lenders - PAW/FL March 26, 2009, 12:07 pm
        
        Problem with step two - Craig / CA March 26, 2009, 11:39 pm
        
        Shouldn't Step 3 ... - ReneeK/MI March 26, 2009, 12:34 pm
        
        Re: Shouldn't Step 3 ... - PAW/FL March 26, 2009, 5:46 pm
        
        Not so fast there, buddy .... - ReneeK/MI March 27, 2009, 3:23 am
        
        Re: Not so fast there, buddy .... - PAW/FL March 27, 2009, 6:07 am
        
        Multiple methods... hmm. - Craig / CA March 26, 2009, 11:47 pm
        
        Re: Multiple methods... hmm. - PAW/FL March 27, 2009, 6:16 am
        
        Re: Multiple methods... hmm. - ReneeK/MI March 27, 2009, 4:17 am
        
        (forgot the link mentioned) - Craig / CA March 26, 2009, 11:19 am
        
        This should be a GREAT discussion!! - LindaH March 26, 2009, 8:17 am
      - The APR ... - ReneeK/MI March 24, 2009, 5:13 am
        
        Re: The APR ... love the 'visual'.... - Lee-AR March 24, 2009, 1:54 pm
      - Re: Keep going, Renee! - LindaH March 23, 2009, 1:43 pm
- Re: TIL - LindaH March 18, 2009, 10:14 am
  - Re: TIL - Lisa T. March 24, 2009, 9:12 pm
    - Re: TIL - Craig / CA March 25, 2009, 12:00 pm
      - Re: TIL - Lisa T. March 25, 2009, 3:23 pm
        
        Re: TIL - LindaK April 1, 2009, 6:03 pm
« Back to thread

Post a Response

Your Name:
Your Email:

Subject:

Message:

--Previous Message-- : Simple way to understand the concept: : : Lender is giving you 430 apples (the : loan) : You are giving the lender 1 apple : (fees to buy the loan) : : Effectively, the Lender is only giving : you 429 apples (Amount Financed). : : To arrive at the Amount Financed, you : DEDUCT all fees included in the APR. : : --Previous Message-- : Why is the amount financed different : on : the Truth in Lending from the HUD? : : : : :

Optional Image URL:

Optional Link Title:
Optional Link URL:

Notify me by email of all message replies.

Please enter the numbers above. This helps stop spam.

By posting, you confirm that you have read and agreed to be bound by the board's usage terms.