Most Popular Lending Content
CIP: When to Know What About a Customer
05/01/2005
Ever since its implementation, the efforts to develop and implement a Customer Identification Program have been fraught with questions.
Interest rates for servicemembers By Mary Beth Guard -
04/25/2005
Interest rates for servicemembers
Answer by Mary Beth Guard, BOL Guru
Guru BIOS
Signatures required on loan to partnership -- Mary Beth Guard
04/25/2005
Signatures required on loan to partnership
Answer by Mary Beth Guard, BOL Guru
Guru BIOS
APR Explanation?
04/18/2005
How would you explain to a borrower what APR is? I always got a lot of calls asking why the rate on TIL differs from the one on GFE. My answer to them was "APR is the cost of the loan." How would you elaborate? It seems that they are not always satisfied with my answer.
Variable Rate Construction Loan
04/18/2005
I have a lender doing an 18 month variable rate construction loan for a borrower's homestead. Since the loan is over one year, doesn't it need to be done as an ARM loan? Or, since the construction loan is totally separate from the perm., does it matter?