The Loan Estimate documents the essential facts and terms of an approved real estate loan. It includes:
- loan terms
- projected payments and loan costs
- cash and costs at closing time
- the services for which you CAN and CANNOT shop in relation to the loan
- summary information with which to compare this loan to others
and other important details such as appraisal, insurance, late payment, refinancing, loan assumption policy and whether this lender intends to service this loan.
The Loan Disclosure is a dynamic form; it will include information that IS related to YOUR loan and may leave out information that is NOT so forms from different lenders or for different loans may not look identical.
TitleTap
TitleTap provides turn-key websites and marketing tools like Video, Social Media Management, and Email Marketing for Title Agents and Real Estate Attorneys. Get more great marketing tips like this specifically relevant to Real Estate, Title Insurance, Mortgage Lending, and Law by subscribing or visiting our blog above.
Latest posts by TitleTap (see all)
- The 5 Topics Every Attorney’s Website Chatbot Should Include - August 30, 2019
- How This One Page on Your Website Can Generate Leads For Years to Come - August 12, 2019
- Do I Really Need a Website? 7 Reasons You Might Change Your Mind. - August 6, 2019
