Understanding your mortgage quote (Loan Estimate)

If you are talking to a lender about a potential mortgage on a home you might purchase, you are likely to receive a "Loan Estimate", the first page of which is shown above.

This document will walk you through all of the basic terms of the proposed mortgage, and can help you easily compare two loan offers.

For a full interactive explanation of this document, go check out the Loan Estimate Explorer at the Consumer Financial Protection Bureau website.