Quote:
Originally Posted by chiefs1okie
Uhm... good advice, but what you actually want to ask for if comparing offers is a GFE (good faith estimate), as it would have all costs and fees involved with the loan as well as the amount financed and interest rate and payment disclosure... etc. etc.
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Actually the Truth-in-lending (TIL) statement takes the fees from the GFE and gets you the annual percentage rate (interest rate adjusted to reflect extra fees associated with the loan). This allows you to compare apples to apples when deciding on a mortgage and not try to wade through all the BS.