Printable blank Good Faith Estimate
What is a Good Faith Estimate?
The Good Faith Estimate is a legal statement that involves the analysis of approximate payments owed at the moment of the closing of mortgage credit or loan. The Good Faith Estimate or GFE helps borrowers and lenders to compare the loan. However, in 2015, the form was replaced by the Loan Estimate and Closing Disclosure Form.
What I need the Good Faith Estimate for?
The GFE describes all of the costs for the mortgage loan, including its amount, term, interest rate, prepayment penalty risks, origination charge, and moretce. The GFE fees are paid by buyer and seller.
Filling out the Good Faith Estimate
To fill the Good Faith Estimate properly, provide the following information:
- Name, the address, and additional information of the originator;
- Shopping for your loan;
- Important dates;
- Summary of the loan;
- Escrow account information;
- Summary of your settlement charges;
Organizations that work with Good Faith Estimate
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