Saturday, May 21, 2011

How to Understand the Good Faith Estimate (GFE)

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All lenders and brokers are required to provide you with a Good Faith Estimate detailing the services you may be required to get and pay for in connection with your loan. In the past couple of years, the GFE has undergone government-mandated changes.

In typical government fashion, it didn’t really work out so well. Most borrowers - as well as, Real Estate and Lending Professionals -have complained that the GFE is now more confusing than ever.

Hopefully, this report I’ve put together will help make it crystal-clear for you. It's rather lengthy, so I'm not posting it here. Just send me an email and I'll email it to you in easy to read PDF format, KenAHall@gmail.com.

Hope you have a great weekend. Call me if I can help you with anything at all.

Ken

951-760-3833
kenahall@gmail.com

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