Which section of the Loan Estimate shows the borrower's projected payments over the life of the loan?
Correct Answer
B) Projected Payments
Under TRID regulations (12 CFR 1026.37(c)), the 'Projected Payments' section of the Loan Estimate shows the borrower's projected payments over the life of the loan, including principal and interest, mortgage insurance, and estimated escrow amounts.
Why This Is the Correct Answer
Under TRID regulations (12 CFR 1026.37(c)), the 'Projected Payments' section of the Loan Estimate shows the borrower's projected payments over the life of the loan, including principal and interest, mortgage insurance, and estimated escrow amounts.
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