The First American Blog

What you should know about the Good Faith Estimate [VIDEO]

Posted by FirstAm Editor

 

 

GFE Good Faith Estimate Understanding Settlement Services Title Insurance and Closing

When you apply for a mortgage your lender will send you a Good Faith Estimate, also known as a GFE. This standardized government form lets you review your potential loan and estimates the costs of the settlement services you'll be responsible for paying if your loan application is approved.

While significant changes are being planned for mortgage loan disclosures, the current Good Faith Estimate (GFE) will remain the standard form until August 2015. 

Learn more at http://firstam.us/18wYxbT