The Truth-in-Lending in Under 2 Minutes

The Truth-in-Lending document (also known as the TIL)  is the most mis-understood document in the loan package.   Many notaries or escrow officers gloss over the document, calling it the "Confusion in Lending", or some other funny name in order to avoid actually explaining the numbers.     Over 6000 signings ago, I took the time to thoroughly understand the TIL.  I wanted to be able to explain the document to borrowers that wanted more than the standard TIL brush-off.   In this video, I try to explain the TIL in under two minutes.  Let me know if you think I succeeded or failed... (BTW, if the loan is an ARM, or adjustable rate mortgage, forget trying to explain the APR on a TIL)