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What is a good faith estimate? How long into the loan process should I be getting that? In the beginning or end?

Need more info on Good Faith Estimate by Lincoln5112 from Brea, California. Aug 25th 2009 Reply

Ashlee Sandusky (ashlee.sandusky)
#2 ranked lender in Kentucky - 3 contributions

A good faith estimate gives you an idea of what fees you or a seller will have to pay. Keep in mind they are not exact, but they should be relatively close. This form is given should be given with all the initial disclosures after an application is taken. This allows the borrower to make a concrete decision about a company if they are shopping around. Hope this helps!

Aug 25th 2009
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