The Loan Estimate: The Official Offer from the Lender.
Within 3 days of applying for your loan, lenders send you their Loan Estimate. On this document, you will see a lot of information. Here’s what you should look for, what it means, and how to compare offers from various lenders to better understand your options.
After reviewing your loan application, we’ll look at each of the lenders we work with, and discuss what each of them can do for you. Different lenders specialize in different types of loans, so it’s important to know which lender is ready to meet your expectations (and which might have a good offer but will probably delay or deny your loan).