i. Fixed-rates deals. age., that point till the last payment could well be owed in closed-prevent home loan deal otherwise unlock-stop personal line of credit contract). If the an unbarred-end credit package has a predetermined rates but zero specified package size, a lender complies that have 1003.4(a)(12)(i) by using a 30-season repaired-speed loan as the utmost closely comparable closed-stop transaction. Loan providers could possibly get consider this new dining table with the FFIEC Online website entitled Average Finest Provide Rates-Fixed whenever determining the same fixed-price transaction. Continue reading →