Reported 3 days ago
A mortgage loan estimate is a crucial three-page document that outlines the costs, terms, and details of a mortgage. Borrowers are entitled to receive this estimate within three business days after applying, making it easier to understand their mortgage's full cost and compare offers from different lenders. Key details include the interest rate, monthly payments, and closing costs, allowing borrowers to make informed decisions and potentially save money by comparing multiple estimates.
Source: YAHOO