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 CANNOT shop in relation to the loan, summary information with which to compare this loan to others and other important details such as appraisal, insurance, late payment, refinancing, loan assumption policy, and whether this lender intends to service this loan.