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TRIED (10/03/15) INTENT TO PROCEED Loan Estimate Date: The undersigned certifies that the following Loan Applicant(s): Has/have been provided with an initial LE within 3 business days of the application
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How to fill out loan estimate date
How to fill out loan estimate date
01
Start by entering the loan officer's name and contact information on the loan estimate form.
02
Fill in the borrower's name, address, and social security number.
03
Provide details about the property being financed, such as its address and estimated value.
04
Enter the loan term, interest rate, and the type of loan (fixed-rate, adjustable-rate, etc.).
05
Specify the loan amount, including any upfront costs or fees.
06
Include information about the estimated monthly payment, including the principal, interest, taxes, and insurance.
07
Provide an estimate of the closing costs, including loan origination fees, appraisal fees, and title insurance.
08
Indicate if there is a penalty for prepayment or any other special features of the loan.
09
Include a breakdown of the total estimated cash needed to close the loan.
10
Review the loan estimate for accuracy and completeness before submitting it.
Who needs loan estimate date?
01
Loan estimate date is needed by borrowers who are applying for a mortgage loan.
02
It is also required by lenders and loan officers who are responsible for providing loan estimates to borrowers.
03
Real estate agents and other parties involved in the home buying process may also need loan estimate dates to evaluate loan options and make informed decisions.
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