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Definitions of Good Faith Estimate (GFE)

This is a document that a lender is required to give a prospective borrower when they apply for a mortgage loan. The "GFE" is a written estimate of all closing costs and fees required for the proposed mortgage loan.
This is a document that a lender is required to give a prospective borrower when they apply for a mortgage loan. The "GFE" is a written estimate of all closing costs and fees required for the proposed mortgage loan. This definition of Good Faith Estimate (GFE) contributed by jimolenbush.