Most Popular Lending Content
Flood Insurance: What if only part of the property is in the flood area?
02/04/2002
If my Life of Loan search comes back with a check in the yes box and then includes includes in the comments section: partial flood area; onsite inspection required to determine location of the improvements. Am I required to get flood insurance coverage or can I document with pictures, survey, memo, etc. that the structure is far enough away and not require my borrower to obtain the coverage for our loan. Please let me know what is required.
Vehicle collateral
02/04/2002
What is the normal procedures for authorizing our vehicle(collateral) to exit the United Sates. For example we have request to take our collateral to Mexico for a period of time. I would appreciate any information available.
Quoting Rates: Ranges vs. Actual APR
02/04/2002
We are having a debate on how we are to quote rates to clients. My understanding is that we are to quote APR's to customers, however there are a few loan officers who say that an APR range is acceptable. What does the Reg say?
Home Improvement Loans: Is the early TIL disclosure required?
02/04/2002
Someone came back from a seminar saying that for a Home Improvement Home Equity the early truth and lending is not required. Is this true and if so where can I find that in the regulations?
Interest-only Mortgage Calculator
02/04/2002
Where can I find a mortgrage calculator that will tell me how much my interest-only payments would be if I choose that option?