Tag Archive for: fees

How To Read a “Loan Estimate” (LE); Where and How To Look

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I received numerous requests to put together a breakdown of how to read an upfront Loan Estimate (LE) as a reference to help analyze quotes or LEs from other lenders to: (1) avoid surprises; and (2) learn how to accurately compare LEs. So, I asked JVM’s Senior Managers to list out what everyone should watch for, based on what our team has learned from reviewing thousands of Loan Estimates. The below info is what they put together. I should add too that the blog is actually very short, but only appears long because of all the screenshots.Read More

Rate Locks – How They Work; Who Pays; Wells Fargo

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Wells Fargo Rate Lock Extensions Suit Wells Fargo was sued in 2017 for charging borrowers for “lock extensions” even though the delays that fostered the need for the lock extensions […]Read More