8 Questions Your Loan Estimate Will Answer for You

Today, I want to go over the eight critical questions that your loan estimate will answer. Your loan estimate is the most important document you’ll see when applying for a mortgage because it represents the true cost of your loan. It explains everything from your interest rate to your closing costs, and it’s been simplified in comparison to what it looked like in the past. The first question it will answer is, of course, how much you’re borrowing. To find out the seven other critical questions it will answer, watch my latest video.

Learn more: https://cliftonsaundersmortgageteam.blogspot.com/2018/04/questions-your-loan-estimate-will.html

Your loan estimate should be within $300 to $400 or your actual cash-to-close amount.