good faith estimate: Getting a Mortgage - Understanding the GFE - 01/09/13 08:43 AM
When you plan on getting a mortgage in the Columbus, GA/Phenix City, AL area anytime this year, you’re fairly certain to run into something known as the GFE. It’s the acronym for ‘Good Faith Estimate’-- and despite the reassuring name, the federal government decided they had better make it mandatory. 
The GFE has a new format dictated by the federal Real Estate Settlement Procedures Act which requires lenders to provide an estimate of the charges and fees due at closing. Lenders have three days to make it available.
The GFE looks like a bill. It features a list of fees and … (0 comments)