Posted by Lisa T.
on March 24, 2009, 9:12 pm, in reply to "Re: TIL"
76.89.183.180
I give a short explanation, highlighting the words INTEREST rate and annual PERCENTAGE rate. As a visual, I grab one of the loan papers and hold it up, then I say, "See this sheet of paper?" (borrowers nod yes) "When you measure across this side in inches you get one number and when you measure this same side in centimeters, you get a different number, but the length is still the same, correct....." I DON'T NEED TO SAY ANOTHER WORD...BORROWERS GET THAT EVERY TIME!!!
--Previous Message--
: Because the TIL takes into account
: certain costs associated with the loan
: as set out on the Itemization of
: Amount Financed...
:
: All due respect, you've been doing
: signing, Pat - you should know this...
:
: --Previous Message--
: Why is the amount financed different
: on
: the Truth in Lending from the HUD?
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