Estimate Lens checklist
Questions to ask a lender
What it means
Bring the Loan Estimate to the call and work through it in order. Ask the lender to point to the exact line when it answers.
Last reviewed against the primary sources listed below.
Page one
- Is the interest rate locked, and until when?
- Can the loan amount or payment increase after closing?
- Is there a prepayment penalty or balloon payment?
Page two
- Which fees in section A are yours?
- Which services in section C can I shop for?
- Are any lender credits included?
Page three
- Which costs can change at closing, and by how much?
How to use the answers
Mark each answer on your copy of the estimate so you can compare it with the Closing Disclosure later.