Loan Estimate Flashcards
1
Q
Page 1 LE
A
Loan Term, Projected Payments, Costs at Closing
2
Q
Page 2 LE
A
Loans Costs, Other Costs
3
Q
Page 3 LE
A
Comparisons, Other Considerations, Confirm Receipt
4
Q
Loan Estimate
A
The loan estimate is a three page document, containing an estimate of credit terms and closing costs. Information on the loan estimate is valid for 10 business days from the date of disclosure. The LE must be kept for three years.
