RESPA.

Joe and Carol gave the answers....

So the borrower knows the actual full cost of the loan, not just the basic interest rate.  

Brian Burkhalter - I think this is a requirement - so people compare Apple To Apple.

I think you have your answer..want your license than follow the rules and regulations.

 It's the law.

The government has websites that can answer all of these types of questions in great detail for you.  Here are a few - and you can google and read all day to learn more.  Have fun! -Kase

CFPB ESPA

CFPB TILA

TILA REG Z

CCPA TILA

It's the law.

Brian,

What Joe Pryor and Carol Williams said.

That's a great question for a licensed mortgage lender....

If buyers have kept up with rates, this will motivate them to do something before rates go higher, or put their house on the market while rates are lower.

As Joe Pryor wrote. It is as simple as that.

##SOmething about a law and people not being able to read contracst@#$@$

# # Such a great question to ask your instructor - and a great question for a lender.

Joe Pryor nailed this one!

That is the law

Because not doing so would be a violation in the truth in lending act.  But I never discuss financing in any of my marketing so it is not important to me.

Ask a lender. I don't disclose any terms for a loan. And let's not forget it's the law.

Yes, RESPA as others have mentioned...

It is the law.

You must comply with laws and regulations.

This is done through the lender, not through REALTORS.

Because the APR represents and reflects the actual costs of both the mortgage interest rate and any fees charged to acquire the loan.  Because of this it is a more accurate way to shop and compare pricing for your loan.