The Application

The application is the true start of the loan process.  The borrower completes, with the aid of a mortgage professional, the application and provides all Required Documentation.

The various fees and closing cost estimates will have been discussed while examining the many Mortgage Programs and these costs will be verified by the Good Faith Estimate(GFE) and a Truth-In-Lending Statement (TIL) which the borrower will receive within three days of the submission of the application to the lender.

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