Starting on January 30, 2011, mortgage companies will be required to make complex mortgage information more easily accessible to their customers. All mortgage information, including information for adjustable-rate mortgages and other variable loans, must be provided to borrowers in easy-to-read spreadsheets. These spreadsheets will give borrowers specific information about interest rates and the monthly payments they can expect to make. These changes are part of the Truth in Lending Act.
Keep in mind that an important part of borrowing money to purchase a home is obtaining a real estate appraisal. Protect yourself by making sure that you’re working with an experienced, reputable and certified appraiser, like the folks at Present Value LLC.
Present Value LLC is a worldwide international appraisal and advisory company that provides a range of professional services such as Certified Machinery and Equipment Appraisals, Inventory Appraisals, Asset Verification Services, Business Valuations, and Real Estate Appraisals. Contact us today!
