Oh yes ,the old ,"The offer is only good till" sales approach .Its called creating urgency by those in the sales dept.I never would buy anything under a timer ,if you want my business then dont put pressure on the time it takes me to think about my decision.

With that logic it's a safe bet that you will never be at a closing table with the new rules set forth by your government. If disclosures are not signed and returned to the lender within the time parameters for the specific loan and loan type the deal is dead....

What is your expectation, BTW? If they send it via UPS and UPS cannot deliver, I am not sure that we can legitimately blame them. I cannot know what UPS will or will not do. That is like you blaming me for not sending something to you when I did via UPS and they failed to deliver. Did you expect them to send a bunch of Playboy Bunnies with the contract and have them waiting outside your door till you came home? Once the country store picks it up and accepts delivery, they don't know what is done or not done.

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01 Ford Excursion Powerstroke
99 E300 Turbodiesel
91 Vette with 383 motor
05 Polaris Sportsman 800 EFI
06 Polaris Sportsman 500 EFI
03 SeaDoo GTX SC Red
03 SeaDoo GTX SC Yellow
04 Tailgator 21 ft Toy Hauler
11 Harley Davidson 883 SuperLow

I told them if they sent it UPS that I had to use a different address, but they said they were sending it USPS. Which carrier uses Playboy bunnies so I can request them next time?

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1984 300TD 1981 240D

Fair enough.

If the sum involved were large enough, I'm sure something could be arranged. We did send a hooker to deliver a contract once. Made sure it got signed with the black ink pen instead of the white ink one though.

__________________
01 Ford Excursion Powerstroke
99 E300 Turbodiesel
91 Vette with 383 motor
05 Polaris Sportsman 800 EFI
06 Polaris Sportsman 500 EFI
03 SeaDoo GTX SC Red
03 SeaDoo GTX SC Yellow
04 Tailgator 21 ft Toy Hauler
11 Harley Davidson 883 SuperLow

Why not pay cash?

Because I am a self employed contractor. I can't force others to provide for me, while providing substandard service (nor would I want to). Funny thing is you will be wishing you were in my shoes when your masters finally succeed in killing their golden goose, because I actually provide something people want, instead of requiring by government dictate that everyone pay for my miserable existence, and piss poor performance. People like you are dependant on people like me for your survival, but I am not dependant on you for my survival, so what are you going to do when people like me refuse to prop you up anymore? You're screwed sweetheart

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1984 300TD 1981 240D

Nothing quite screams success like paying off your mortage on your 75th. birthday. HAHAHAHAHA

It would probably be a good thing for banking consumers if there was a way to get banks and lenders to standardize their offers, in clear non-technical language, so that a consumer could compare offers and terms . . . and possibly have legal rights against lenders than mislead or fail to disclose terms and conditions. Like they say, there ought to be a law . . .

Non technical language is pretty vague. I can see that being a problem from an enforcement point of view. As they say, "Say what you mean and mean what you say.". If I said I will sell you a dog and not specify it's breed, you might not like it when you pay pure bred prices for a mutt. That is the question I have when you ask for "non-technical" language. How would you make it more specific without using technical language since day to day words are very unspecific.

__________________
01 Ford Excursion Powerstroke
99 E300 Turbodiesel
91 Vette with 383 motor
05 Polaris Sportsman 800 EFI
06 Polaris Sportsman 500 EFI
03 SeaDoo GTX SC Red
03 SeaDoo GTX SC Yellow
04 Tailgator 21 ft Toy Hauler
11 Harley Davidson 883 SuperLow

CFPB > Consumer Financial Protection Bureau

Medmech ,thats the reason why rules are set,to protect the consumer ,but the govt have set other rules up that seem to not be working so well.I can give you examples and details if youd like.

I just read through some more of the posts. The bottom line is the lower the interest rate the better. It doesn't matter what the term (time to pay off) is so long as you can make the payments. (closing costs affect APR yada yada yada - just get to the bottom line)

You may put any amount you want into an alternate investment. If the alternate earns more after tax than your interest rate, you can use the accumulation to may your mortgage off early.

I set up a simple spread sheet.

Loan
Row 1 - Inputs: Beginning Value | Annual Interest Rate |
Row 2 Monthly rate (= Annual Rate / 12)

Column 1: "Month" 1 - n (or month/year )
Column 2: Beginning value 1st row copies beginning value from above

Column 3: Interest (= +Monthly Rate * Beginning value)
Column 4 Column 2 + Column 3
Column 5 Monthly Payment (Whatever you send to the bank)
Column 6 ending value = Column 4 - column 5


Investment Set this up like the loan with beginning value ) frequently 0 and return on investment %
Column 6: Beginning Value (alternate investment
Column 7: Interest Earned (or investment return) = Beginning value * investment rate which is an input similar to interest rate for loan
Column 8: = Column 6+7

Column 9 Monthly investment dollars
Column 10: = End Value = Column 8+9
Ending value of 1 month becomes beginning value of the next month.

You can pay your mortgage off when you have more money in the investment that the balance on your mortgage.

I ignore calculations details like making investment at the beginning of the month vs end of month because I just want an idea of the cash flows. You can see the effect of increasing investment payments ie $100 / month or changing the interest rate.

I periodically input the actual mortgage balance and investment account in the row that matches the current date. This brings the hypothetical back to reality.

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85SD 240K & stopped counting painted, putting bac together. 84SD 180,000. sold to a neighbor and member here but I forget his handle. The 84 is much improved from when I had it. 85TD beginning to repair to DD status. Lots of stuff to do.