good faith estimate
(GFE)
A disclosure that real estate mortgage lenders must, under the Real Estate Settlement Procedures Act (RESPA), give to all mortgage loan applicants within three days of when they apply. The disclosure must estimate all settlement charges the homebuyer will need to pay at closing, such as the lender's fees and other closing costs.
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

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