This video is a full breakdown of the loan estimate form. It goes through all items that appear on a loan estimate.

Mortgage disclosures and forms can be confusing if you aren't familiar with them. As a mortgage loan advisor, some of the most common questions I get are regarding Loan estimates and other disclosure forms.

In this video, I go through the Loan Estimate form, commonly referred to as the LE, line by line explaining what all sections and numbers mean. As a homeowner or potential homeowner, it's very important to understand this form because it represents the lion's share of the fees you are paying for your home.

Unfortunately, not all loan originators review LEs before sending them to their clients. That's why it is crucial for you to understand the Loan Estimate form and notify your lender of anything that looks incorrect.

▬ Contents of the video ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
0:00 - Intro
0:32 - Page 1: Header
2:47 - Page 1: Loan Terms
4:44 - Page 1: Projected Payments
6:29 - Page 1: Costs at Closing
7:08 - Page 2: Loan Costs; A. Origination Charges
8:12 - Page 2: Loan Costs; B. Services You Cannot Shop For
9:36 - Page 2: Loan Costs; C. Services You Cannot Shop For
11:19 - Page 2: Other Costs; E. Taxes and Other Government Fees
12:13 - Page 2: Other Costs; F. Prepaids
13:52 - Page 2: Other Costs; G; Initial Escrow Payment at Closing
16:27 - Page 2: Calculating Cash to Close
17:10 - Page 3: Comparisons
19:14 - Page 3: Other Considerations
20:19 - Page 3: Confirm Receipt

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