Congratulations! You have selected the correct answer.
The answer is A. Your lender must provide you a Loan Estimate within three business days of receiving your application, according to the Consumer Financial Protection Bureau. The Loan Estimate outlines important information about your home loan, including the estimated interest rate, monthly payment and total closing costs for the loan. The lender is legally bound to the fees listed on the Loan Estimate they provided, but they are an approximation. While the origination fee cannot change at closing, the third-party fees can be changed by up to 10 percent of the initial quote. When you receive a Loan Estimate, the lender has not yet approved or denied your loan application.