Understanding your Loan Estimate

As you start shopping around for a mortgage, you should ask each lender for a "Loan Estimate" as shown above.  This is a relatively new document that lenders are using, and outlines all of the terms of the loan you are considering. 

Even better -- the Consumer Financial Protection Bureau has created this interactive Loan Estimate Explainer.
  
Let me know if you are looking for a recommendation of a local lender....