Dashboard Forums 5. Your Loan Estimate Loan officer doesn’t want to give

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  • Mina Doodlesnack
    Participant
    Post count: 3

    One of the loan officers I’m dealing with doesn’t want to give the loan estimate to me and says that I have to fill out an application first and then I only get it three days later. Is this correct?

    nhamilton
    Keymaster
    Post count: 13

    Loan officers can generate quotes before you submit an application in a Loan Estimate format. While by law they MUST give you a Loan Estimate in the standard format after you submit the application, you are within your right to request a quote prior to submitting an application in a Loan Estimate format. That way, you’ll know the other fees that would be charged by that particular bank, not just interest rate estimate and monthly payment estimate.

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