Which document provides a detailed list of all fees associated with a mortgage?

The loan estimate is a critical document in the mortgage process, designed to provide borrowers with a clear understanding of the costs associated with their loan. This document outlines all fees that a borrower can expect when closing on a mortgage, including lender charges and third-party fees like appraisal and title insurance. It is delivered to the borrower within three business days of applying for a mortgage, ensuring transparency in the costs involved.

In contrast, a credit report contains information about a borrower's credit history and is used by lenders to evaluate creditworthiness but does not list associated mortgage costs. The FAIR Act statement, focused on fair lending practices and regulations, does not detail fees related to mortgage transactions. Lastly, a title report provides information about the ownership of a property and any liens against it but does not enumerate the fees associated with obtaining a mortgage. The loan estimate is therefore the appropriate document for borrowers to understand all anticipated expenses before completing their mortgage transaction.