In today's Washington Post, Treasury Secretay Henry Paulson is quoted as saying he was inclined toward a requirement that those taking out a mortgage sign a 'simple, one-page sheet that lays out what payment the homeowner is on the hook for and how much it could rise'.  Well, the
TIL is one sheet and that doesn't work.  Borrowers usually get a copy when the signing agent or attorney sits down at the closing, no one explains to them why the apr is different from the interest rate quoted beforehand which always leads to phone calls, left messages and time wasted.  If you were to create this 'one sheet' what would you include?