Good Faith Estimates - Explained

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Good Faith Estimates - Explained
(presented by www.refinance-refinance.net - mortgage lenders)

By Ben Afzal

A Good Faith Estimate (GFE) is something that you are to receive within 3 days of a mortgage application. These are standard forms, so they are intended to be used to compare different offers (or quotes) from different lenders or brokers.

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The GFE lists an estimate of what the total costs will be to get your mortgage. It is a long list, and the charges can be confusing.

The key thing to remember is that it is only an estimate. Your final costs may be different

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This entry was posted on Thursday, June 8th, 2006 at 2:57 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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