2006-11-30 04:37:56 · 4 answers · asked by cielo 1 in Business & Finance ➔ Renting & Real Estate
it tells you what the quaoted rate is for a particular loan amount and borrower...they are typically sent to brokers by lenders and are really not for consumers to see.
2006-11-30 05:37:07 · answer #1 · answered by boston857 5 · 0⤊ 0⤋
If you don't know how, it probably means you have no right to be reading it in the first place.
Rate sheets are not allowed to be seen by consumers, because they do not show APRs.
Not to mention, they come in dozens of different formats, pricing adjustments vary by investor, etc...
Throw it away and quit trying to figure out how much money your loan officer is going to make.
2006-11-30 13:37:49 · answer #2 · answered by Anonymous · 1⤊ 0⤋
He's right! If you're a loan officer and you're asking how to read it, then you're in trouble...most importantly, your customers!!! And if you're not a loan officer, you shouldnt have that rate sheet!
2006-11-30 13:49:01 · answer #3 · answered by ALEGNA 3 · 0⤊ 0⤋
If you have to ask then you shouldn't have it in the first place.
Not for the public because APR is not shown
2006-11-30 14:17:25 · answer #4 · answered by Anonymous · 0⤊ 0⤋