Related FAQs
Learn how lenders use credit checks to assess eligibility, and the difference between soft checks for pre-approval and hard checks during application. Read more
Learn how lenders use credit checks to assess eligibility, and the difference between soft checks for pre-approval and hard checks during application. Read more
Learn how to pay cash to close, what it covers, how it differs from closing costs, and the secure payment methods you’ll need to finalize your home purchase. Read more
Learn how to pay cash to close, what it covers, how it differs from closing costs, and the secure payment methods you’ll need to finalize your home purchase. Read more
This 3-page form provides you with important information, including the estimated interest rate, monthly payment, and closing costs of your loan. It’s a standard form that all lenders are required by law to provide you within three business days of submitting your application. A Loan Estimate is important for comparing pricing across lenders, and because this document commits a lender to certain fee tolerances it reduces the risk of a bait-and-switch offer. Read more
This 3-page form provides you with important information, including the estimated interest rate, monthly payment, and closing costs of your loan. It’s a standard form that all lenders are required by law to provide you within three business days of submitting your application. A Loan Estimate is important for comparing pricing across lenders, and because this document commits a lender to certain fee tolerances it reduces the risk of a bait-and-switch offer. Read more