We are going to advertise a closed end equity rate, but if the customer pays for closing costs, then we will subtract 1.00% from the rate for the life of the loan.
I'm trying to figure out what all needs to be in my disclosure. So far I have:
Payment examples for both rates
how long the rates are effective
Is there anything else that's unusual that I'm forgetting due to the "paying closing costs to lower the rate"?