Sammamish Mortgage is family owned and operated and has been serving the Pacific Northwest with excellence since 1992. We are a referral based Seattle mortgage company located on the Eastside and blessed by an abundance of positive word of mouth referrals from our happy clients and trusted business partners.
The Loan Estimate (LE) is an important mortgage closing document because it enables the buyer to have an accurate understanding of the overall mortgage closing costs, as well as the monthly payments on the mortgage loan. On October 3rd 2015 the CFPB released the standardized Loan Estimate form for all lenders to use, ensuring that borrowers are aware of the components of their loan ? including the interest rate, term length, penalties, fees and all other expenses. Because each lender is required to use the same 3-page Loan Estimate form, buyers can compare products from multiple lenders to find the best offer. The Loan Estimate combines old Good Faith Estimate (GFE) and Truth-in-Lending (TIL) forms.
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