Other Thomas Miller
OtherForum Replies Created
-
Loan Estimate needs to be issued three days from taking a mortgage loan application. How Does a Loan Estimate Work?
A Loan Estimate (LE) is a standardized three-page document that provides borrowers with an estimate of their mortgage interest rate, monthly payment, closing costs, and cash needed to close.
Under federal TRID disclosure rules, mortgage lenders generally must provide a Loan Estimate within three business days of receiving a complete mortgage application that includes six key pieces of information.
The Six Items That Trigger a Loan Estimate
- Borrower’s name
- Borrower’s income
- Borrower’s Social Security number to obtain a credit report
- Property address
- Estimated property value
- Requested mortgage loan amount
Once these six items are received, the three-business-day disclosure clock generally begins. The borrower does not need to provide pay stubs, bank statements, or other verification documents before receiving the Loan Estimate.
What Does the Loan Estimate Include?
The Loan Estimate outlines the proposed interest rate, loan amount, principal and interest payment, estimated property taxes and homeowners insurance, mortgage insurance when applicable, lender fees, third-party closing costs, prepaid expenses, escrow deposits, and estimated cash to close.
Important: A Loan Estimate is not a loan approval, and the interest rate is not necessarily locked. Some estimated costs may change under applicable disclosure rules.
What Happens After the Loan Estimate?
After reviewing the Loan Estimate, the borrower can indicate their intent to proceed. The mortgage then moves through processing, underwriting, and final approval. Before closing, the borrower receives a Closing Disclosure at least three business days before consummation, showing the finalized loan terms and closing costs.
Bottom line: The Loan Estimate helps borrowers understand and compare mortgage costs before committing to a loan. It is an estimate, not a final approval or guarantee of the loan terms.
Source: Consumer Financial Protection Bureau — TRID Disclosure Rules.
-
This reply was modified 2 days ago by
Gustan Cho.
consumerfinance.gov
TILA-RESPA Integrated Disclosure FAQs | Consumer Financial Protection Bureau
Frequently asked questions (FAQs) on the TILA-RESPA Integrated Disclosure (TRID) rule, also known as Know Before You Owe (KBYO).
-
No. Coast 2 Coast Mortgage Lending does not have a physical branch in Wisconsin.
-
Is owning just 1 kilo of silver enough to benefit from the next major move in the precious metals market? In this exclusive 19-minute analysis, Peter Schiff shares his perspective on silver’s long-term potential and explains why many investors continue to view physical silver as an important asset during periods of economic uncertainty.
With inflation concerns, rising global debt, strong industrial demand, and ongoing market volatility, silver remains one of the most closely watched commodities. This video explores the key drivers behind silver prices, the outlook for precious metals, and what investors should consider in today’s market.
In this video, you’ll discover:
Why Peter Schiff believes silver deserves investor attention
• The biggest factors influencing silver prices today
• How inflation and monetary policy affect precious metals
Why physical silver continues attracting long-term investors
Key risks and opportunities in the silver market
• Peter Schiff’s latest outlook for gold and silver
Whether you’re a silver stacker, gold investor, or someone interested in precious metals, this video provides valuable insights into today’s evolving financial
Learn why silver remains a popular long-term investment
• Understand the major drivers behind silver prices
Discover how economic trends affect precious metals
• Gain valuable insights from Peter Schiff’s market analysis
• Stay informed about gold and silver investing
• Prepare for potential opportunities in the precious metals market
-
Kash Patel is facing serious scrutiny after reports surfaced questioning whether his behavior, including alleged excessive drinking, is impacting his ability to lead the FBI effectively. David Shuster breaks it down on GCA Mortgage Forums NEWS
-
The New York Times reports that the FBI investigated their reporter who was covering FBI Director Kash Patel using bureau personnel to provide security for his girlfriend. The FBI has denied investigating her. Meanwhile, Patel is suing The Atlantic for an article about his alleged “excessive drinking.” Investigative Reporter for The New York Times Michael Schmidt, former FBI Counterterrorism Senior Executive Christopher O’Leary and Opinion Columnist for The New York Times David French join Katy Tur to discuss.
-
FBI Director Kash Patel sued The Atlantic for $250 million Monday after the magazine published explosive reporting detailing the director was fearful of losing his job and struggled to be reached after nights of excessive drinking.
The magazine published a story titled “The FBI Director Is MIA,” citing conversations with more than two dozen people, including current and former FBI officials, members of Congress, and hospitality industry workers.The Hill’s Zach Schonfeld and Ella Lee explore all of that and more in The Gavel, their newsletter covering the courts and legal issues.
-
Sarah Fitzpatrick, staff writer for The Atlantic, talks with Jen Psaki about her new reporting about a bizarre freak-out by FBI director Kash Patel when he thought being unable to log into his work computer meant he’d been fired by Donald Trump, and episodes of excessive drinking that alarmed his FBI colleagues.
-
This video discusses the significant collapse in U.S. homebuyer demand as of March 2026, which the creator describes as a historic downturn.
Key Takeaways:
Record Low Demand: Existing home sales have dropped to 3.98 million, representing one of the lowest levels since 2009. The creator attributes this to a “buyer’s strike” caused by record-high home prices relative to income.Affordability Crisis: The home price-to-income ratio is currently at 4.2, significantly higher than the long-term historical norm of 3.0 to 3.4. The creator argues that demand will likely remain suppressed until this ratio corrects.
Market Bifurcation: The housing market is not uniform. While some areas (like Austin, Texas, down 24.6% since 2022) have seen significant price drops, other areas in the Midwest and Northeast have experienced surprising appreciation.
Strategy for Buyers: The creator suggests that buyers can leverage this low-demand environment to make below-list price offers, particularly on properties that have been on the market for several months with multiple price cuts.
Data Tools: The creator emphasizes the use of the Reventure App to track local market trends, identify areas with declining values, and analyze individual property listings to determine fair offer ranges.
-
Michael Wolff and Joanna Coles pull back the curtain on the most enigmatic relationship in American politics, dissecting the strange, transactional marriage between Donald and Melania Trump and what it could mean for his presidency as pressure mounts from all sides. From her physical absence from the White House and reported separate life in New York to a calculated push to build her own multimillion-dollar brand, they trace how Melania may be quietly redefining the role of First Lady while distancing herself from her husband’s scandals, including the lingering shadow of Jeffrey Epstein. As Wolff reveals details of his explosive lawsuit and the possibility of forcing sworn testimony, a more volatile question emerges: whether Melania herself has become a political liability, even a potential threat, holding leverage that could shake the foundation of Trump’s carefully constructed image and expose truths his allies would rather keep buried.
The Daily Beast is committed to accurate, fair, independent, fast, and accountable journalism. We seek the truth and report it honestly, without fear or favor. We ground robust and provocative opinions in fact.
