When you apply for a mortgage, the lender is required to give you a document called a Loan Estimate.
This slideshow gives a brief tour of the Loan Estimate and shows where you can find the answers to such questions as:
- How much will my monthly payments be?
- How much are the closing costs?
- How big a check will I have to write at the closing table?
- I’m comparing 2 or more Loan Estimates. Which is the better or best deal?
And that’s not all. Let’s begin.