About This Item
- Regulatory Compliance: Meets Truth in Lending Act requirements for lenders providing adjustable or variable rate mortgages.
- Comprehensive Coverage: Prepared by the Federal Reserve Board and the Office of Thrift Supervision to guide borrowers through mortgage product options.
- Updated Content: Includes discussions on "interest-only" and "payment option" mortgages to address nontraditional products that allow deferred payments of principal or interest.
- Educational Focus: Helps borrowers navigate the wide variety of mortgage products and understand how each product works in practice.
- Compact and Informative: A 24-page booklet sized at 4"W x 8-1/2"H for convenient distribution.
- Bulk Packaging: Supplied in packs of 25, ideal for institutional use.
Details
Revised CHARM Booklet for Adjustable and Variable Rate Mortgages
Ensure compliance with the Truth in Lending Act and provide valuable insights to borrowers with the revised CHARM (Consumer Handbook on Adjustable Rate Mortgages) booklet. This essential guide is designed to help consumers understand adjustable and variable rate mortgage products, including nontraditional options.
Key Features
Equip your borrowers with the knowledge they need to make informed decisions about adjustable and variable rate mortgages with this essential and updated CHARM booklet.
