Effective October 1, 2002, Credit Insurance must be added to your total points and fees for purposes of this regulation. The spreadsheet is designed to add those up for you and let you know what percentage of your total loan amount (the loan amount less those points and fees) your points and fees are. Adding credit insurance to your loan could cause it to be a HOEPA loan with all those restrictions.
"Once you learn to read, you will be forever free."
- Frederick Douglass
My Opinion Only.