Sun, July 14, 2002
No, people should not need a lawyer to finance a house, I didn't say they did. Before you add your futile commentary, make sure you know what you're talking about. Thanks.
#3REBUTTAL Individual responds
Mon, June 24, 2002
People technically should not need a lawyer to finance a house. This only makes lawyers wealthy. Second, What this person is saying is...
Sat, April 27, 2002
Apparently "reading the fine print" is not a family trait. "Don't use all CAPITAL LETTERS, it's hard to read", as the notation on the side of the "Your Response" message box indicates. Anyways, on the subject of Bank One supposedly ripping your brother off... the APR is the annual percentage rate, including points. It is always communicated to the customer in the loan paperwork, it's the law. Of course if your brother just pays the minimum payment, instead of paying principal too, he will be paying interest mainly. The way the payments work out: the payment is applied to fees first, then interest, then principal. As for the other BS about "hidden interest rates" or whatever you were exaggerating about, all information is in the loan documents. Next time, read the fine print before you're quick to sign papers, especially when real estate is at stake.