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amount financed" may be a lesser amount than the "principal" on your mortgage note if you are financing some of your settlement costs which are also called "prepaid finance charges.") The FINANCE CHARGE consists of two separate kinds of charges A. Interest...

The Role of Mortgage Brokers in the Mortgage Finance Market: Hearing Before ... - Page 90
by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity - 1998 - 210 pages
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Problems Surrounding the Mortgage Origination Process: Joint ..., Volume 4

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and Regulatory Relief - Business & Economics - 1998 - 228 pages

...price mortgage payoff of your home/ first This includes: S for the purchase of your home/or payoff of 1st mortgage. to pay off another loan secured by...charges A. Interest to be paid over the life of the loan B. "Prepaid finance charges," which include settlement "closing" costs. This amount is the total of...

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Reform of the Real Estate Settlement Procedures Act (RESPA) and ..., Volume 4

United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit - Law - 1998 - 520 pages

...mortgage. $ to pay off another loan secured by your home. t to pay off other credit. S cash to you. (NOTE: The 'amount financed* may be a lesser amount...charges A. Interest to be paid over the life of the loan 3. "Prepaid finance charges.' which include settlement 'closing* costs. This amount is ttie total of...

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Problems Surrounding the Mortgage Origination Process: Joint ..., Volume 4

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and Regulatory Relief - Business & Economics - 1998 - 216 pages

...price mortgage payoff of your home/ first This includes: $ for the purchase of your home/or payoff of 1st mortgage. to pay off another loan secured by...which are also called "prepaid finance charges.") 2. The FINANCE CHARGE consists of two separate kinds of charges A. Interest to be paid over the life...

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Reform of the Real Estate Settlement Procedures Act (RESPA) and ..., Volume 4

United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit - Law - 1998 - 532 pages

...mortgage. S to pay off another loan secured by your home. S to pay off other credit S cash to you. (NOTE: The 'amount financed" may be a lesser amount...CHARGE consists of two separate kinds of charges A B. Interest to be paid over the life of the loan This amount Is the total (I) (I) (n.) (lv) M (vi)...

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Problems Surrounding the Mortgage Origination Process: Congressional Hearing

Lauch Faircloth, Connie Mack - 2000 - 215 pages

...mortgage payoff price of your home/ first This includes: S for the purchase of your home/or payoff of 1st mortgage. to pay off another loan secured by...FINANCE CHARGE consists of two separate kinds of charges A. B. Interest to be paid over the life of the loan "Prepaid finance charges," which include settlement...

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