Below mentioned is the necessary information that should be included in the ___________. Risk of payment shock""potentia

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answerhappygod
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Below mentioned is the necessary information that should be included in the ___________. Risk of payment shock""potentia

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Below mentioned is the necessary information that should be included in the ___________. Risk of payment shock""potential payment increases; how the new payment will be calculated when the introductory rate expires Ramifications of prepayment penalties""how they will be calculated, when they will be imposed
Ramifications of balloon payments Ramifications of the lack of escrowing for taxes and insurance""who is responsible for paying taxes and insurance and the fact that their costs may be substantial Cost of reduced documentation loans""whether there is a pricing premium required

A. Consumer protection principles
B. Underwriting standards
C. Workout arrangements
D. None of these
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