What isn't disclosed under Truth in Lending Act?

"Is there anything important that I ought to know when I shop for a mortgage that lenders are not required to disclose to me under Truth in Lending?"

Great question. I have identified five pieces of information that meet your specs. Not all apply to every borrower, but some do.

Does my loan have a prepayment penalty clause? This is a biggie that applies to every borrower.

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Copyright 2004 Jack Guttentag

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