Related FAQs
5/1 Adjustable-Rate Mortgage (ARM) is a unique mortgage loan option that offers a fixed interest rate for the first five years. Read more
5/1 Adjustable-Rate Mortgage (ARM) is a unique mortgage loan option that offers a fixed interest rate for the first five years. Read more
The appraiser compares your home to other properties in the area and makes adjustments for differences. Read more
The appraiser compares your home to other properties in the area and makes adjustments for differences. Read more
This 3-page form provides you with important information, including the estimated interest rate, monthly payment, and closing costs of your loan. Itâs 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. Itâs 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