Also known as GFE, it is an estimated value of the closing costs in written form that the lender is obliged to prepare within 3 days of submitting their application. It must include an itemized list of costs and fees related to the loan.
good faith estimate
Also known as GFE, it is an estimated value of the closing costs in written form that the lender is obliged to prepare within 3 days of submitting their application. It must include an itemized list of costs and fees related to the loan.