When you receive a quote, you should look for several core financial metrics to evaluate the offer's true cost:

: An estimate of loan terms (interest rates, monthly payments, and fees) provided at no cost.

: The APR gives you the truest representation of the loan's actual cost because it factors in the fees.

: It is not legally binding for either the borrower or the lender.

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: The percentage charged on the principal borrowed.

: To allow borrowers to compare multiple loan offers quickly and efficiently. ⚖️ Loan Quote vs. Loan Estimate