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2. What is a closing disclosure? - AOL

   www.aol.com/finance/closing-disclosure-190005117...

   Ensure that the loan amount and description match the loan estimate. Double-check the loan type, interest rate , monthly payment and other terms. Confirm you understand all the costs and fees, and ...

3. Good faith estimate - Wikipedia

   en.wikipedia.org/wiki/Good_faith_estimate

   The Loan Estimate replaces the Good Faith Estimate, or GFE, that was used prior to 2015. Lenders are required to issue Loan Estimates within three days of receiving a complete loan application, per the TILA-RESPA Integrated Disclosure Rule (TRID).

4. Mortgage origination - Wikipedia

   en.wikipedia.org/wiki/Mortgage_origination

   TILA-RESPA Integrated Disclosure Rule (TRID): effective October 2015, TRID was required by the Dodd-Frank act and requires the use of new, integrated disclosure forms for consumers at the time of application and settlement-known as the Loan Estimate (LE) and the Closing Disclosure (CD).

5. Real Estate Settlement Procedures Act - Wikipedia

   en.wikipedia.org/wiki/Real_Estate_Settlement...

   A Good Faith Estimate of settlement costs is a three-page document that shows estimates for the costs that the borrower will likely incur at settlement and related loan information. It is designed to allow borrowers to shop for a mortgage loan by comparing settlement costs and loan terms. These costs include, but are not limited to:

6. How to read and compare mortgage loan estimates - AOL

   www.aol.com/finance/read-compare-mortgage-loan...

   Key takeaways. A mortgage loan estimate is a standard three-page document detailing the estimated costs, structure and other terms of the loan. Mortgage lenders are required by law to provide ...

7. What is Rule of 78 and how can it impact loans? - AOL

   www.aol.com/finance/rule-78-impact-loans...

   Using the Rule of 78, a $5,000 personal loan with an interest rate of 11 percent over 48 months and a $150/mo payment would incur an interest charge of $89.80 in the first month.

8. HUD-1 Settlement Statement - Wikipedia

   en.wikipedia.org/wiki/HUD-1_Settlement_Statement

   HUD-1 Settlement Statement. The HUD-1 Settlement Statement is a standardized mortgage lending form in use in the United States of America on which creditors or their closing agents itemize all charges imposed on buyers and sellers in consumer credit mortgage transactions.

9. Mortgage rate locks: What they are, how they work — and why ...

   www.aol.com/finance/what-is-mortgage-rate-lock...

   You’ll usually pay 0.25% to 1% of your loan amount for a rate lock, depending on the lender. On a $400,000 mortgage loan, that’s the equivalent of paying from $1,000 to $4,000.