Anyone who has bought a home knows that the "Truth in Lending" form is misnamed for so many reasons.
- Reason #1: This document is hidden from view until you are sitting at the closing table
- Reason #2: The interest rate you locked turns out not to be the interest rate you end up paying
- Reason #3: In truth, your attorney, lender and realtor often don't understand the algorithmic math involved
- Reason #4: Even if your so-called advisors understand the math, they don't know how to explain it