Good faith estimate
Definition
The form that lists the settlement charges the borrower must pay at closing, which the lender is obliged to provide the borrower within three business days of receiving the loan application. See Why Do Lenders Itemize Loan Charges? and How to Shop Settlement Costs.
Related Terms Other terms related to 'Good faith estimate' starting with the letter 'G' Gift of equity, Government National Mortgage Association GNMA, Generic prices, Graduated payment mortgage GPM, Graduation period Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 