Frequently Asked Questions
What is a Loan Estimate?
A Loan Estimate is a three-page standardized form that provides important information about a mortgage loan you've requested. Lenders must provide this document within three business days of receiving your application. It includes details about the loan amount, interest rate, monthly payment, closing costs, and other key terms.
How does the AI analysis work?
Our AI-powered system uses advanced optical character recognition (OCR) and natural language processing to extract and analyze data from your Loan Estimate. It compares your terms against current market rates, identifies unusual fees, calculates long-term costs, and provides personalized insights based on industry best practices.
Is my information secure?
Yes, absolutely. Your documents are encrypted during upload and transmission using bank-level security. We process your information on secure servers, never share your data with third parties, and automatically delete uploaded files within 24 hours. We take your privacy very seriously.
How much does this service cost?
Our basic Loan Estimate analysis is completely free. We believe everyone should have access to clear, unbiased information about their mortgage. We may offer premium features in the future, but the core analysis will always remain free.
What file formats are supported?
We accept PDF files and image formats (JPG, PNG). The maximum file size is 10MB. For best results, ensure your document is clear and readable. If you have a paper Loan Estimate, simply take a clear photo with your smartphone.
Can I compare multiple loan estimates?
Yes! We encourage you to analyze multiple Loan Estimates from different lenders. Upload each one separately and we'll provide detailed analysis for each. This helps you make an informed decision and potentially save thousands of dollars over the life of your loan.
How accurate is the analysis?
Our AI system is trained on thousands of loan documents and is regularly updated with current market data. While we strive for maximum accuracy, this tool is designed to provide educational insights and should not replace professional financial advice. Always consult with a qualified mortgage professional for final decisions.
What should I do after receiving my analysis?
Use the insights to ask informed questions to your lender, negotiate better terms, or shop around with other lenders. Our analysis highlights key areas to focus on, potential red flags, and opportunities for savings. We recommend sharing our findings with a trusted mortgage advisor or financial planner.