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#1191003 - 05/27/09 06:24 PM Buy Down Rate
CSB98 Offline
Diamond Poster
Joined: Dec 2003
Posts: 1,340
Wisconsin
Is a fee to buy down the interest rate considered a pre-paid finance charge?

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Lending Compliance
#1191016 - 05/27/09 06:34 PM Re: Buy Down Rate CSB98
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
Yes.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#1192769 - 05/29/09 05:40 PM Re: Buy Down Rate Dan Persfull
Chocaholic Offline
Gold Star
Joined: Aug 2005
Posts: 443
Northwest
Does this hold true if it is paid by the seller?

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#1192774 - 05/29/09 05:43 PM Re: Buy Down Rate Chocaholic
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
No.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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