Understanding Total Costs
We believe it is important for our customers to understand the difference
between a low rate and the actual total costs you pay. That's why we provide
you the opportunity to understand the true value of having The Right Loan which
leads to lower total costs.
Total costs include:
 |
Closing costs
|
|
Rate, which determines monthly payment
|
|
How long you'll be in the loan
|
When comparing total costs, we must compare two loans that are
exactly the same with respect to all terms, except closing costs, rate, and how
long you'll be in the loan.
|