Several people have asked how we calculate the figures in the new GFE. The instructor in the training class I took explained it this way.

The GFE Explained

This should clear it up pretty easily. Any questions?

 

 

16 Comments on How we calculate the GFE

JUL
12

And just as soon as we understand it, the CFPB is getting ready to change it all again.

Alan Bercovitz
12:54pm • #2

I think he forgot to carry the one.

1:41pm • #3

Hal, Thats great. I understand it perfectly now. Crystal clear.

6:10pm • #4
865,945 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Thanks for this very important clarification. I will be sure to share it with all of my clients.,. (LOL, sad but so true)!

7:14pm • #5
300,800 Points

I have always hated blackboards just thinking of my sisters finger nails OMG you get the picture.

8:18pm • #6
548,216 Points 9 Featured Posts Outside Blog Called Shot Master

Hal:

Yeah, sure, I understand it now.  I wish GFE wouldn't change.  Just when I finally understand it it is changed.

9:09pm • #7
760,387 Points 105 Featured Posts Outside Blog Called Shot Master

Sometimes that's what it feels like. Only we would probably find this humorous.

9:39pm • #8
466,170 Points 50 Featured Posts Called Shot Master

Hal, LOL! Why can't they leave things alone? Haven't they heard, if it's not broke, don't fix it.

10:48pm • #10
JUL
13
395,891 Points 5 Featured Posts Outside Blog Attended Rain Camp

That's great!  Quite frankly, that is about how tough it is to read it and explain it over the phone to a client.

3:09am • #11
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Thanks for all the comments. It just shows that it helps to have a sense of humor in this industry. To paraphrase Gene Watson's song, "Should I Give Up or Should I Go Crazy"

5:24am • #12
411,722 Points 15 Featured Posts Outside Blog Called Shot Master

That is what happens when the government steps in to make things easier for the consumer!

5:55am • #13
1,420,566 Points 41 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

it could also be labeled. . the short sale processs for lenders 

6:15am • #14

Now that's funny!

1:17pm • #15


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