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Showing posts with label fees. Show all posts
Showing posts with label fees. Show all posts

Wednesday, April 19, 2006

Good Faith Estimate

An estimate of the total costs to get a loan when buying or refinancing a home

After you apply for a loan, a lender or broker is required by law to give you a Good Faith Estimate within 3 days. The costs will include lender and broker fees, loan-related fees, and third-party fees, such as the title insurance and appraisal.

Most of these fees must be paid on the closing date, the day when the sale or purchase of a home is completed.
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