Loan Estimate is an estimate provided to you by a mortgage or
home equity lender detailing all the anticipated costs associated with buying, refinancing or taking out an equity loan on your home.
With the extraordinarily
detailed and sensitive information that hackers and their customers may now possess on millions of Americans — Social Security numbers, driver's licenses, credit card numbers,
home addresses and more — they may be able to create fake identities that are credible enough to fool banks and other
lenders into granting
home equity lines of credit and other mortgages in their names, making off with thousands of dollars in the process.