What is a Loan Estimate | Low VA Rates

What is a Loan Estimate | Low VA Rates : This video and its contents are not intended for residents or home owners in the states of MA, NY or WA.

When you apply for a loan, you receive a loan estimate. What is this loan estimate document? In this video, we will be covering what a loan estimate is, what it entails, and how to move forward once you have your loan estimate.

Essentially, a loan estimate is exactly what it sounds like, an estimate of your loan. But there are other details you should be aware of. A loan estimate will go over very important items like how much your interest rate is, what your monthly payments will look like, and what closing costs will be associated with the loan. Also included will be other information or penalties that will occur if you fail to pay off the loan in the agreed upon time.

It should be noted that when you receive your loan estimate, this does not mean that you have been approved and have received the loan. Like the name indicates, this is just an estimate. If you do decide to move forward with the loan, you will be required to provide additional information.

Low VA Rates is committed to helping you find the home loan that is best for you and your financial situation. We are VA mortgage experts and have a strong track record of helping veterans take full advantage of their VA rights and benefits. We can do the same for you. Get started for free today and find out how much you can start saving.

RELATED: What is a Loan Estimate | Low VA Rates

What is a Loan Estimate | Low VA Rates

This video and its contents are not intended for residents or home owners in the states of MA, NY or WA
When you apply for a loan, you receive a loan estimate.

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