This document must provide a good-faith estimate of credit costs and transaction terms. It is in similar format to the Closing Disclosure.
Contains general information related to applicants, property, loan and rate lock status; loan terms; projected payments during term of the loan; costs at closing, including the total estimated closing costs and the estimated cash to close
Details loan costs; other costs; calculating cash to close; adjustable interest rate table (when applicable); adjustable payment table (when applicable)
Contains contact information for creditor and loan officer, comparisons, other considerations and confirm receipt (optional)