Here is queation: There are two banks in the area that offer 30-year, $210,000 mortgages at 7.5 percent and charge a $1,500 loan application fee. However, the application fee charged by Insecurity Bank and Trust is refundable if the loan application is denied, whereas that charged by I. M. Greedy...

Two banks offer 30-year $150,000 mortgages at 8.5% and charge $1,000 loan application fee. Bank X refunds the fee if the application is denied, bank Y does not. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating APR,...

Two banks offer 30-year $150,000 mortgages at 8.5% and charge $1,000 loan application fee. Bank X refunds the fee if the application is denied, bank Y does not. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating APR, but...