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What is Payment Schedule (as listed on lenders Truth-In-Lending disclosure)?

April 26, 2017disclosure lenders payment schedule truth-in-lending

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What is Payment Schedule (as listed on lenders Truth-In-Lending disclosure)?

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The dollar figures in the Payment Schedule represents principal, interest, plus Private Mortgage Insurance (if applicable) over the life of the loan. These figures will not reflect taxes and insurance impounds or any temporary buy-down payments contributed by the seller.