Guide to the good-faith estimate

Guide to the good-faith estimate

How much is this new loan going to cost me?

Most people naturally ask this when they borrow money to buy a house or when they refinance their mortgage.

An approximation of the final figure appears on the good-faith estimate, a three-page, government-mandated form that mortgage brokers and lenders must give prospective borrowers within three days of a loan application. Read More