Your Loan estimate is one of the most important documents you’ll receive during the mortgage process.
We know, because First Title & Abstract, Inc. is the oldest and most established Naples title company, and we have decades of experience working with loan officers and borrowers in calculating closing cost estimates.
Your Loan Estimate – A Brief Tutorial
Your loan estimate from you mortgage lender will list your loan’s projected upfront costs, and monthly payments, including your escrow expenses for taxes and insurance.
Also, it will show your loan’s Annual Percentage Rate and Total Interest Percentage to give you an idea of the total cost of the loan.
Under federal law, each lender must supply a loan estimate within three business days of your application so that you can make accurate comparisons when shopping for a loan.
For more information about your loan estimate, please review the video above, and don’t hesitate to contact your loan officer, or any of us at First Title & Abstract, Inc.
We can explain all the features of your loan and help you evaluate whether the charges are fair and legal.
We are the title company that Naples, Florida and Marco Island property buyers have come to trust!
Licensed, bonded, and insured, we’re fully compliant with the latest federal lender and title agent closing requirements.
“Putting You FIRST!” means putting ourselves in your shoes, and helping you understand your loan before you sign your documents.