This is the Most Important Document in the Mortgage Process!
Learn how numbers 801, 802, & 808 determine how much in fees you are being charged.
Always ask A LOT of questions!! There is a lot to know!
Which of these fees are JUNK FEES? Which of these FEES are required? And, which of these fees are overinflated?
I’ve put this on the first page to emphasize how important this
document is!!!
This is the “TELL-ALL” document of your mortgage process!!
GOOD FAITH ESTIMATE
The “800” section is the “FEE” section.
The
GOOD FAITH ESTIMATE is also known by the acronym “Goofee”, from the initials GFE.
You can instantly know if the Lender is paying the Mortgage Broker a commission (compensation) and how much!
This is where your NEW monthly mortgage payment amount is!
