Effective October 3, 2015 CFPB rules require that a Residential Mortgage Lender disclose the rates for issuing a Loan Estimate for a purchase money mortgage the following way:

 

Rate for Owner's Policy: Full Owner's Rates (Based on the Purchase Price) + The Simultaneous Issue Rate for the Loan Policy - Full Loan Rates (Based on the Mortgage Loan Amount)

 

Rate for Loan Policy: Full Loan Rates (Based on the Mortgage Loan Amount)

 

To see how the numbers should be disclosed, please click HERE.

Did You Know...

At no cost to taxpayers, the title industry collects $1.75 billion per year in back income taxes.

Proud members of:


Wisconsin Mortgage Bankers Association



American Title Land Association


Wisconsin Land Title Association



Preferred Underwriters:


First American Title Company


Old Republic Title Insurance Group


ALTA ID: 1039202