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by cpwright
1484 days ago
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> We need something similar and conspicuous for mortgages. Let people really see/feel the interest. The disclosures you get from the lender are already required to contain a a "FINANCE CHARGE" which is the total interest you will pay on the loan, "The dollar amount the credit will cost you". They also have "TOTAL PAYMENTS", the "The amount you will have paid after you have made all payments as scheduled." The forms are formatted clearly. If you want to know what the number is, it is right there with an explanation. |
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