I'd really appreciate confirmation that I'm making this determination correctly.

Flyer states,

A Purchase Renovation Loan allows you to finance your home and home improvement projects in the same loan.

What are the benefits?

• Purchase and renovate with one loan and one loan closing
• 80% maximum loan to value based on "as improved" value
• Interest-only payments during the construction period, up to 12 months
• Fixed-rate, fully amortizing loan with flexible terms from 15-30 years
  

Based on the 3rd and 4th bullet points, I believe we need to provide a representative example with interest rates, fees and other available terms.

Term is a trigger.

Thanks, Randy.

You might be able to argue your way out of #3 being a trigger term, but not #4. It probably escapes the advertising disclosure requirements if you dropped "from 15 - 30 years".

Thanks, Richard.