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Loan Estimate Review

Just got your Loan Estimate from a lender and wondering if it's any good? Upload it. We'll check your rate against today's market, sanity-check every fee, and hand you the exact language to negotiate, all before you lock. This is the moment you have the most leverage in the entire mortgage.

💰 Freddie Mac research: getting just one extra quote saves the average borrower about $1,500 over the life of the loan — about $3,000 with five quotes. Most people never check how their quote stacks up. You're about to.

🔒 Your Loan Estimate is sent to the AI for analysis and is not stored. Nothing here is financial advice, just a clear read on where you stand and how to push back.

The standardized 3-page form your lender sent within 3 business days of your application. (Not the Closing Disclosure, that's the Compare tool.)

Common questions

▸How do I know if my Loan Estimate is good?

Compare three things: your interest rate against the current Freddie Mac weekly average (adjusting for points paid), your APR against the rate (a big gap means heavy fees), and Section A origination charges against the 0.5–1% of loan amount that is typical. A Loan Estimate is "good" when the rate is at or under market for your credit profile and the lender fees are lean. Our Rate Check does this comparison automatically against live market data.

▸Is my mortgage rate too high?

Check the current Freddie Mac 30-year average and note that it assumes strong credit, about 20% down, and roughly 0.6 discount points. Your rate can fairly differ based on credit score, down payment, loan type, and points, so compare your APR rather than the note rate alone. If you are more than about 0.25% above market with no offsetting credits and a solid profile, it is worth getting another quote and negotiating.

▸Can I negotiate my Loan Estimate?

Yes. The most negotiable items are the lender’s own Section A fees (origination, processing, underwriting), discount points, and the rate itself via a lender credit. The strongest move is leverage: get a second Loan Estimate and ask each lender to beat the other in writing. Loan Estimates are standardized by federal law specifically so you can comparison-shop.

▸How many Loan Estimates should I get?

Freddie Mac research found one extra quote saves about $1,500 over the life of the loan, and five quotes about $3,000. Three to five Loan Estimates is the practical sweet spot for most buyers. Request them within a short window so rate movements do not muddy the comparison.

▸Which fees on a Loan Estimate are negotiable?

Section A (origination charges) is set by the lender and is the most negotiable. Section B (services you cannot shop for) is mostly fixed. Section C (services you can shop for, like title and settlement) is negotiable by choosing your own provider, and many buyers never realize they are allowed to. Prepaids and escrow (Sections F and G) are estimates, not fees, so negotiate the lender, not the math.

▸Does getting multiple Loan Estimates hurt my credit?

Not meaningfully. Credit scoring models count multiple mortgage inquiries made within a single shopping window (typically 14–45 days depending on the model) as one inquiry, precisely so you can rate-shop. The cost of not shopping is far higher than a few points of inquiry impact.