Understanding Your Loan Estimate – The LJ Mortgage Way 🏡

At LJ Mortgage Team Inc., we break it all down so you know where you can save.

Buying a home is exciting but let’s be honest, the paperwork can be overwhelming. One of the most important documents you’ll see during the mortgage process is your Loan Estimate. This three-page form outlines your estimated interest rate, monthly payment, and total closing costs. But here’s the thing not every number is set in stone.

What’s Inside Your Loan Estimate

Section A – Origination Charges💡 These are the lender’s fees for processing your loan. This is where you can compare lenders and negotiate points to lower your interest rate.

Section C – Services You Can Shop For📋 Think title, settlement, and survey services. You don’t have to accept the first option—shopping around here can save you hundreds of dollars.

Sections B, E, F, G – Fixed Costs🔒 These include appraisal fees, property taxes, prepaids, and escrow. While these are generally set, we’ll help you understand how they impact your total costs.

Why It Matters

Your Loan Estimate isn’t just a piece of paper it’s your roadmap to understanding your mortgage. By knowing which charges are negotiable, where you can shop for better deals, and how to secure the best possible rate, you’ll make informed choices and keep more money in your pocket.

At LJ Mortgage Team Inc., our mission is simple:

✅ Transparency – We explain every line in plain English.

✅ Affordability – We help you identify savings opportunities.

✅ Peace of Mind – We make the mortgage process as stress-free as possible.

📍 LJ Mortgage Team Inc.127-03 Rockaway Blvd, South Ozone Park, NY 11420

📞 (516) 218-1297

LJ Realty Team – Buy • Sell • Rent Equal Housing Opportunity

LJ Mortgage Team Inc. NMLS# 2120286

Purchase & Refinance NYS Registered Mortgage Broker, NYS Dept. of Financial Services. Broker arranges mortgage loans with third-party providers. Mortgage Broker Only – Not a Mortgage Lender or Correspondent Lender. Licensed by the NJ Dept. of Banking and Insurance as a Mortgage Broker. We do not make any mortgage loan commitments or fund mortgage loans.

🔍 NMLS ID #2120286 – nmlsconsumeraccess.org

💬 Your Local Guide to Homeownership!

#LJMortgageTeam #HomeLoanTips #LoanEstimate #MortgageGuide #FirstTimeHomeBuyer #MortgageBroker #RealEstateTips #HomeBuyingJourney #MortgageRates #LoanOfficer #HomeBuyingMadeEasy