When you begin your search for a home, one of the first and most important steps in the process is speaking with a lender to find out what program is best and what you as a homebuyer are able to afford.

Most lenders will conduct a brief phone interview with you at no charge.  You'll be asked to supply basic information such as names, address, income, debt, etc.   

Once your lender has established that you qualify for a loan, and you've made APPLICATION for that loan, they are REQUIRED BY LAW to provide you with a GOOD FAITH ESTIMATE within 3 days of making application for your loan and being approved for a loan. 

This Good Faith Estimate is only a general estimate of closing costs. This is so you have a general idea what to expect, how much items throughout the process will cost and who is responsible for them and at what point they'll need to be paid for.

NEVER do business with a lender who refuses to provide you with this GOOD FAITH ESTIMATE.  If they're unwilling or unable to provide you with one, move on to a different lender.  You will save a great deal of time, money and stress by doing so.

For a list of reputable lenders, give us a call at 614-755-9566 or visit our Preferred Partner section at http://www.buyahomecolumbus.com/