Change is good. It's Holden again. Even better when it saves you money.
The old Good Faith Estimate and TILA documents have been combined to create the new Loan Estimate form, an easy-to-understand summary of the mortgage offer you are considering.
Three simple pages will map out everything you need to know about your monthly payments, interest rate, closing costs, cash to close, comparing 2 or more loan offers, accuracy of the estimate, and hidden traps.
So, out with the old and in with the new!