What Are Good Faith Estimates (GFEs)?Feb 18 2013
Closing costs may seem overwhelming at times, but knowing what to expect before you get to the closing table is the best way to alleviate some fear and tension. That’s where Good Faith Estimates (or GFEs) come in. Whether you are purchasing a new home or refinancing, there are some standard service fees and laws that exist which will be accounted for in your GFE.
In our resource article: Mortgage Good Faith Estimates, we go over some of the regulations and fees you’ll come across in your GFE and during the mortgage process. Familiarizing yourself with these can help you better understand what to expect when you receive your GFE from your mortgage lender.