numbers: Good Faith Estimate Part 5 - 02/14/07 03:42 PM
Line 902 *Mortgage Insurance Premium
This is the PMI or MI paid in advance.
Line 903 Hazard Insurance Premium
This is the first year's cost of your home owners policy. This fee will be what it will be, it's better if this estimate is high.
Line 905 *VA Funding Fee
Fee charged by the VA.
All lines in the 1000 series are to establish escrow/impound account and should not be compared between lenders they will be what they will be, only the PMI/MI on line 1002 can be known at the time of the disclosure. It's better if this estimate is high.
Escrow/impound accounts are required on … (4 comments)

 
William J Archambault Jr (The Real Estate Investment Institute ) Ambassador_large

William J Archambault Jr

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