What’s Refunded If My Loan Is Higher Than My Estimate?
If the amount you pay at closing exceeds the amounts disclosed on the Loan Estimate - beyond tolerance limits for each category - the creditor must REFUND the excess to you no later than 60 calendar days after loan consummation.
For charges subject to a 10% cumul... read more
Could My Loan Costs Exceed The Loan Estimate?
Yes, within defined limits.
Service charges for which YOU shop and select a provider may change; the creditor is NOT responsible for providers who are NOT on their written list.
In addition, prepaid interest, property insurance premiums and escrow or reserve d... read more
What Will The TRID Loan Estimate Tell Me?
The Loan Estimate documents the essential facts and terms of an approved real estate loan. It includes:
loan terms
projected payments and loan costs
cash and costs at closing time
the services for which you CAN and CA... read more