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What Is A Loan Estimate And How Does It Help Me?

Thursday, September 16, 2021   /   by Aaron Marasigan

What Is A Loan Estimate And How Does It Help Me?

blog, By Brenda Bianchi



A loan estimate lists your loan terms projected payments, costs at closing measures for comparison, including

Annual Percentage Rate and Total Interest Percentage and other considerations that lender may apply to this loan application.
Each lender must supply a loan estimate within three business days of your application so that you can make accurate comparisons when shopping for a loan.