Another disclosure requirement is:
The Good Faith Estimate of Settlement Costs : GFE
No later than three business days after receiving a loan application, the lender has to provide the borrower with what as known as the Good Faith Estimate or the GFE of the settlement costs that the buyer is facing.
The estimate can include a specifc amount or any of a range of costs that are based on similar transactions in that particular area.
Have you ever had a situation where a lender required you to use any particular attorney or title company and, if so, did they state whether or not they had a business relationship with that attorney or title company ?
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