Posted by Newnotary on 3/16/05 7:47pm
Msg #25888

Whats the GFE

Any help on this, I did search and find nothing

Reply by BrendaTX on 3/16/05 8:02pm
Msg #25893

GF Number?

Title companies use a GF #.

Reply by Charm_AL on 3/16/05 8:41pm
Msg #25897

Good Faith Estimate ...n/m

Reply by BrendaTX on 3/16/05 8:45pm
Msg #25898

Re: Good Faith Estimate ...n/m THANK YOU, Charm n/m

Reply by Polly_CA on 3/17/05 1:02pm
Msg #26028

Re: Good Faith Estimate ...n/m THANK YOU, Charm n/m

The good faith estimate is an estimate of how much the loan, refi, etc... is going to cost the borrower(s).

Reply by Art_MD on 3/17/05 1:12pm
Msg #26034

Re: Good Faith Estimate ...not too good an estimate

I'm amazed, but probably shouldn't be, at the blatent falsehoods on the GFE. They are getting worse and worse.

Fees go up

they play with the escrow amounts (had one recently where they cashout was $1800. BUT, the taxes are $3000/yr (borrower stated the taxes while looking over the papers). The escrow amount was 9 months at $47 per months. If correct at $250/mo the cashout would have basically disappeared.) On the GFE, the taxes were at $247/mo. Fees went up, escrow went down so that the cashout remained the same.
They leave off transfer taxes (county and state).




Art