Good Faith Estimate

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What is a good faith estimate?

Good Faith Estimate

A good faith estimate is a document your lender is
required to provide you within 48 hours of your
mortgage loan application. Most lenders will provide
you with this form when you make application for
the mortgage.

This document outlines the estimated preliminary
costs involved with closing the loan as well as
the interest rate and APR you will be paying.

   

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