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HEA GFE ESTIMATE FORM Finance Factors, Ltd

HEA GFE ESTIMATE FORM Finance Factors, Ltd

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welcome to county office your ultimate guide to local government services and public records let's get started what is a good faith estimate GFE in The Labyrinth of real estate transactions a good faith estimate or GFE is like your Guiding Light it is a document provided by your lender when you apply for a mortgage but what does it contain well the GFE gives you an estimate all the costs you will incur when securing a mortgage it includes the interest rate the loan amount and the total cost of the mortgage over its term it's like a road map to your mortgage costs now you might be wondering why is it called a good faith estimate the term good faith is used because the lender is expected to provide an accurate estimate of your costs they are not allowed to change these costs without a valid reason but remember it's just an estimate the actual costs might vary however the real estate settlement procedures act respa limits how much certain costs can change the GFE is a crucial document in

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