What is the Mortgage Good Faith Estimate?
The Good Faith Estimate (GFE) discloses estimated costs associated with your mortgage transaction. The GFE, by Federal law, estimates the lender’s charges along with the local closing agent’s charges and fees. The GFE also includes estimated amounts for real estate and property taxes and homeowner’s insurance.
The Good Faith Estimate (GFE) discloses estimated costs associated with your mortgage transaction. The GFE, by Federal law, estimates the lender’s charges along with the local closing agent’s charges and fees. The GFE also includes estimated amounts for real estate and property taxes and homeowner’s insurance.
Related Questions
- Where a mortgage broker is used, is it the mortgage brokers responsibility to provide the Good Faith Estimate (GFE) to consumers, or is that the lenders responsibility?
- Are amounts paid by mortgage lenders to mortgage brokers disclosed on the Good Faith Estimate (GFE) of settlement costs?
- Does a pre-approval with a good faith estimate mean you are defintely approved for a mortgage?
