logo
  • Home
  • Home Purchase
  • Refinance
  • Resources
    • Loan Programs
    • Loan Process
    • Mortgage Basics
    • Mortgage Calculators
    • Online Forms
    • FAQ
  • About
  • Blog
  • Videos
  • Testimonials
  • Contact
  • Apply Now
  • Team Members
  • 952-544-1706
logo
  • Home
  • Home Purchase
  • Refinance
  • Resources
  • Loan Programs
  • Loan Process
  • Mortgage Basics
  • Mortgage Calculators
  • Online Forms
  • FAQ
  • About
  • Blog
  • Videos
  • Testimonials
  • Contact
  • Apply Now
  • Team Members
  • 952-544-1706

What is "Truth in Lending" (TIL)?

It's required that mortgage lenders provide you with a Truth in Lending (TIL) Statement containing information on your loan’s annual percentage rate, finance charges, the amount financed, and the total payments required.

The TIL Statement may also contain information on security interest, late fees, prepayment provisions, and if the mortgage is assumable. If you have an adjustable rate loan, the statement may outline the limits on the adjustments, annual and lifetime caps, and give an example of what your next year’s payment may be depending on interest rates. For adjustable rate loans the total payments figure is estimated as a worst-case scenario. The figure reflects the payments you would make if your loan adjusted upward to the maximum rate allowed by annual and lifetime caps, and then stayed at that rate for the loan duration.

Mortgage Calculator

Our user-friendly calculator puts you in charge of estimating your mortgage payment.

Calculate Now

About Us

Expertise and mastery in providing purchase and refinance mortgages for residential property. Satori Mortgage offers wholesale pricing which, provides a lower overall total cost than bank or retail offerings. Additionally, our product portfolio is strengthened by an array of nationwide mortgage lenders. This allows our loan officers to provide each borrower with more solutions.

Company NMLS: 4190
www.nmlsconsumeraccess.org

Contact Us

2808 W Broadway Ave
Minneapolis, MN 55411
Phone: 952-544-1706
info@satorimortgage.com

Disclaimers

  • Legal
  • Privacy Policy
  • Site Map

Resources

  • Loan Programs
  • Loan Process
  • Mortgage Basics
  • Mortgage Calculators
  • Online Forms
  • FAQ

LenderHomePage Powered By LenderHomePage.com