mortgage advice for mortgage professionals: Presenting The T.I.L. Honestly, Ethically and Effectively
- 07/10/07 02:42 AM
I know many Mortgage Originators who are apprehensive at presenting the T.I.L. and with good cause. Putting a document in front of a borrower that shows they will pay over twice what they borrowed is disheartening to say the least. We as the mortgage professional have spent considerable time outlining the benefits of our proposed mortgage program and believe that what we have presented is the best option for the borrower. Then here's the T.I.L. with its huge numbers and an A.P.R. that is higher then the note rate we have already disclosed. So here is what I do and what … (5 comments)
I know many Mortgage Originators who are apprehensive at presenting the T.I.L. and with good cause. Putting a document in front of a borrower that shows they will pay over twice what they borrowed is disheartening to say the least. We as the mortgage professional have spent considerable time outlining the benefits of our proposed mortgage program and believe that what we have presented is the best option for the borrower. Then here's the T.I.L. with its huge numbers and an A.P.R. that is higher then the note rate we have already disclosed. So here is what I do and what … (5 comments)
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