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15y ago

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What information is included in a mortgage good faith estimate?

A mortgage good faith estimate includes details about the loan terms, estimated closing costs, and other fees associated with the mortgage.


What is a business term GFE mean?

Good Faith Estimate.


What does GFE stand for in retail?

GFE is Good Faith Estimate.


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Is a mortgage broker obligated to complete the loan if a good faith estimate has been provided?

No a Good faith Estimate is just that an estimate. A lender needs to verify all info you have provided to determine if you truly indeed qualify for the program presented and that means providing documentation of income assets, etc.


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Will himself has said that his faith is ambiguous.


What amount of title insurance on a reverse mortgage is required is it usually the maximum lending limit or appraised value?

Typically the lenders will require the final face value of the loan amount to maturity. That amount must be disclosed to you by the lender, and normally will appear on your Good Faith Estimate. This is also something the lender normally discusses in your Reverse Mortgage training course that is required before you are finalized for the loan.


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Good Faith Collaboration was created in 2010.


If you put a good faith deposit on a condo and find that there is a lien on it can you back out?

Your realtor can answer your question. There is usually a period between the payment of the good faith deposit and closing, during which you investigate matters involving the purchase of this property. In turning up a lien, you've done your job. Whether you can obtain a refund of your deposit or not, depending on whether or not the lien was disclosed or required to be disclosed, is a matter that your realtor can advise you about. If you want to 'back out' of your offer, this may not be the best valid reason to do so, given that in the course of transferring title, the lien must be satisfied in order for clear title to pass to you. This process is pretty automatic.


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