Here is a
link to the Illinois High Risk Home Loan Act. It does state 6% for 1st lien and 8% for junior liens. As well as points and fees of 5% of the total loan amount, or $800, adjusted annually to the CPI.
Yucch. More numbers to remember.
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David J Mulkerin, CRCM
All opinions expressed are mine and not those of my employer and are not to be taken as legal advice.