Good Faith Estimate 1

Good Faith Estimate in Business \ Misc. Inf. Tools

A Good Faith Estimate is a lenders proposal as to what your closing costs and loan fees will be associated with your real estate financing request. A lender is required by the federal Real Estate Settlement Procedures Act (RESPA) to provide a prospective home buyer with a good faith estimate of the fees due at closing within three days of applying for a loan. These mortgage fees, also called settlement costs, cover every expense associated...


   
 
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