Upon 3 days of receiving your loan application, the lender will issue a loan estimate letter to you.

It will include every feature of the loan to help you understand the scheduled repayment amounts that you are responsible for. The 3 page form is standardized by the federal government.

Take a look at the standardized loan estimate form sample to see all the information provided in it.

http://files.consumerfinance.gov/f/201311_cfpb_kbyo_loan-estimate.pdf

Categories: Finance

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