What should you check first?
The CFPB Loan Estimate Explainer recommends checking that the form reflects the discussion with the lender and asking about differences. Begin with the borrower information, property information and loan description. Do not silently correct the lender’s document; request a corrected version where needed.
How do you make a useful question log?
Create one row for each question. Include the document date, page or section, the item you do not understand, and the explanation requested. Keep the original file alongside the log so another person can see the same information you are asking about.
- Document date or version
- Page and section label
- Your question in one sentence
- Person asked and date contacted
- Answer received and any remaining action
How do you keep comparisons fair?
If you have more than one estimate, label each clearly. The CFPB explains that comparing estimates helps borrowers evaluate offers. Ask whether the assumptions and loan features are comparable before treating a difference as a conclusion.
Do not combine favorable lines from separate documents into a fictional offer. Keep each estimate intact, and note when an answer requires a revised document rather than a verbal explanation.
What happens when a new version arrives?
Save the new file separately with its date. Mark resolved questions and carry forward only those still unanswered. Avoid overwriting the original: being able to trace which document you discussed makes the next conversation clearer.
Use the official CFPB explainer below for definitions. Bring your questions to the loan officer handling the application. This guide explains an organizational method; it does not quote terms or recommend a particular loan.