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...
The title industry spends $225 million per year to correct errors in the public property records.

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