For individuals who receive this loan, the lending company gets home financing on the house

(4) Total amount borrowed -(i) Closed-stop borrowing from the bank. The total loan amount having a sealed-stop borrowing from the bank purchase try determined if you take extent financed, since computed based on (b), and deducting people pricing listed in (b)(1)(iii), (iv), otherwise (vi) which is both included since the issues and you can charge lower than (b)(1) and financed because of the collector. The total amount borrowed to have an unbarred-avoid borrowing from the…