Lending regulation
Loan Estimate
The disclosure of estimated loan terms and costs given shortly after application
A standard form so offers from different lenders can be laid side by side. It states the rate, the projected payments and the estimated closing costs, and it is delivered early enough to be useful in choosing a lender.
How the exam asks about it
Paired with the Closing Disclosure: estimate at the start, actual figures at the end.
Related terms
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