Can Mortgage Borrowers Use the CFPB's Loan Estimate Disclosure to Shop For the Best Deal?

This article compares mortgage shopping using the CFPBs mandatory disclosure called Loan Estimate (LE) with shopping based on the Quick Mortgage Shopper (QMS) on my web site. Among the disadvantages of LE shopping relative to QMS is that the shopper must apply at each lender that is shopped.

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CFPBs [+]    Loan Estimate [+]    Quick Mortgage Shopper [+]    QMS [+]   

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