What is a Truth-in-Lending disclosure Statement and why do I receive it?
What is the Annual Percentage Rate?
What is the amount financed?
Does this mean I will get a lower mortgage than I applied for?
Why is the annual percentage rate different from the interest rate for which I applied? Why is the amount financed different?
How will my payments be affected by the Disclosure Statement?
What is the finance charge?
What is the total of payments?
My statement says that if I pay the loan off early, I will not be entitled to a refund of part of the finance charge. What does this mean?
Why must I sign the Disclosure Statement?
What is the difference between a pre-qualification and a pre-approval?
Is it okay to use on-line bank statements?
What is meant when locking my interest rate and when do I lock?
How do rates move?
Do you sell my loans?
What is a target rate?
Am I committed to you because I have signed or reviewed my loan application?
What are my origination and discount points?
Where will I be closing, how much do I bring to close and can I bring a personal check?
How will I be updated on my loan?
What are Closing Costs?
What is Private Mortgage Insurance (PMI)?