question about truth in lending doc

[cdmosaic]

Not sure if this means anything or not, but I've been reviweing my loan docs and noticed tht I have two truth in lending statements. The first one recieved about a month prior to signing docs shows an interest rate of 6.539% and amount financed of $407,195. The second one recieved with the deed of trust shows the interest rate of 6.616% and amount financed as $403,622.31. Now they both show the same amount in total of payments, but my loan (subsequently purchased by Countrywide) has a loan amount of $409,000 not $403,622.31. Perhaps it is meaningless but looks odd so I'm wondering if this is normal or something I shold have audited.

Also, is there any recourse for a blanataly high apprasial used to justify the loans? My docs shows $520k which was absurd. Now the value is closer to $300k but no way was it anywhere close to $520k 12 months ago.

Thanks for the input.

[anthem1]

All I can tell you is that we found out that a truth in lending statement is essentially a best guess at what will happen. In our situation with the first going adjustable the only thing on that document that seemed truly accurate was the dates. The amounts we were paying were not the same as what was stated it that document. That is when we found out it was a best guess. I hope that helps a little.