how do you read a rate sheet?

4 Answers

  • 1 decade ago
    Favorite Answer

    it tells you what the quaoted rate is for a particular loan amount and borrower...they are typically sent to brokers by lenders and are really not for consumers to see.

  • Anonymous
    1 decade ago

    If you don't know how, it probably means you have no right to be reading it in the first place.

    Rate sheets are not allowed to be seen by consumers, because they do not show APRs.

    Not to mention, they come in dozens of different formats, pricing adjustments vary by investor, etc...

    Throw it away and quit trying to figure out how much money your loan officer is going to make.

    Source(s): 10 years in mortgage banking
  • 1 decade ago

    He's right! If you're a loan officer and you're asking how to read it, then you're in trouble...most importantly, your customers!!! And if you're not a loan officer, you shouldnt have that rate sheet!

  • Anonymous
    1 decade ago

    If you have to ask then you shouldn't have it in the first place.

    Not for the public because APR is not shown

    Source(s): An Agent
Still have questions? Get your answers by asking now.