Fra Noi Embrace Your Inner Italian
The Good Faith Estimate (or GFE in my world) offers an estimated cost for the mortgage, as well as the mortgage terms. It’s the document I always send to customers when I quote them a rate. It’s also the one document I recommend they get from other companies if they want to compare rates and costs with my company. The GFE consists of three pages. Page 1 consists of: Date a borrower has to respond by How long the rate is locked for The loan amount The interest rate The term of the mortgage Whether the payment can go up …
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