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About Mortgages
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PITI (Payment, Interest, Taxes and Insurance)
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Truth in Lending
Pre-qualified vs.
Pre-approved
People involved form the lender side
Types of Loans/ Mortgages
Closing Costs
Different types of Loans for your Mortgage
Finding and Selecting a Lender
Home Equity
How much can you afford?
How much down payment do I need to put down?
Property sale gains and losses and the IRS

Truth in Lending

As a requirement of the 1974 Real Estate Settlement Procedures Act (RESPA), the lender is required to send a Truth in Lending statement to you within three days of the loan application. This gives a summary of the expected closing costs and should be very close to the final figure. The Truth in Lending Statement also discloses whether there is a penalty for paying off the balance of the loan before it is due.