Loan Talk

/Loan Talk

Information about what’s going on in the lending arena

Just what is an Annual Percentage Rate?

This is a very interesting question - especially in light of how important everybody from idiotic politicians to equally uninformed journalists seem to think it is.  Personally I've never met ANYONE who actually knows what it is outside the lending industry, and surprisingly most people IN the lending industry don't really understand it. So what [...]

By | 2010-01-06T16:32:45-08:00 January 6th, 2010|Loan Talk|0 Comments

Why are loan disclosures so confusing?

(This post was written for another blog and posted well before the new Reg Z changes that took place 1/1/2010. The new 'disclosures' are even more fun!) I'm often asked "why are all of these real estate loan disclosures so confusing?"  The answer is pretty simple - even if it's not what most people want [...]

By | 2010-01-06T16:29:04-08:00 January 6th, 2010|Loan Talk|0 Comments