Edit…Deleted. Never mind, I think I sort of get it now….It’s just that I got one of these in my loan docs, and was confused…. [img_assist|nid=13823|title=doc21|desc=|link=node|align=left|width=600|height=800]
Unrelated topic…
My God…I thought with all the hoopla about loan applications being complex, that our Government supposedly intervened and made the loan docs more understandable for the common person…But comparing my loan docs now to what it was a few years ago…. My God, I think the government made it a lot worse.
I found myself at times having to ask and ask what this document meant and triple checking the numbers, since it wasn’t exactly clear how everything was adding up….I don’t recall my first loan being nearly as convoluted as these new “truth in lending” disclosure docs… Maybe I’m just getting old. But and while I’m not the most intelligent person when it comes to reading legal docs, I’m really wondering how J6P is suppose to understand these “revised” loan docs that are supposedly more clear. There was approximately 117 pages of documentation, a lot of it was the same $$$$ disclosure presented again in different formats…Unreal…
