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Real Estate Glossary

good faith estimate

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Written by Luis Escobar

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.

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.

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Luis Escobar

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