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...
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Wisconsin Mortgage Bankers Association



American Title Land Association


Wisconsin Land Title Association


Preferred Underwriters:


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Old Republic Title Insurance Group


ALTA ID: 1039202