Sentences with phrase «advertised loan discounts»

Failure to disclose that loans offered by the lenders on the preferred lender list may be sold and that the advertised loan discounts might not be honored by the lender that purchases the loans.

Not exact matches

The lenders are adopting a code of conduct that bans a variety of marketing practices, such as using logos or seals that look like federal emblems, providing incentives to induce students to borrow from the lender (e.g., gift cards, iPods, prizes and sweepstakes), providing false rebate checks, paying students referral fees to encourage friends to borrow, advertising interest rates and discounts that few borrowers will realize (including using such rates and loan terms in repayment examples and examples illustrating loan costs), misrepresenting the advantages of private loans over federal loans.

Citibank advertises mortgage rates that depend on the purchase of discount points, making its online estimates less reliable to most borrowers than a formal estimate obtained from a mortgage loan officer.

You may also like to speak directly to these institutions because they often offer discounts on their advertised loans.