What is a good faith estimate?
The Bankrate.com financial term of the day is: "good faith estimate," or "GFE."
What's this new mortgage going to cost me? A borrower will find the answer in something called the "good faith estimate," or GFE. It's a written estimate of closing costs that a lender is required to provide within three days after receiving a home loan application. Brokers or lenders must be as accurate as possible in providing their estimates, which can help borrowers compare loan offers and make a smart choice.
A mortgage carries a price tag. The likely cost of your home loan will be expressed in your lender's good faith estimate, or GFE.
To shop for a great mortgage rate, visit the rate tables at Bankrate.com.
Fixed mortgage rates were slightly higher this week.
The 30-year fixed mortgage rate rose to 4.51 percent this week.
Mortgage rates pulled back slightly this week.
The benchmark 30-year fixed-rate mortgage rose to 4.5 percent.
The benchmark 30-year fixed mortgage rate inched lower.
Can a couple find common ground when it comes to debt?
Follow this 6-month homeowner countdown so you are ready come closing day.
Pay attention to fees on prepaid cards because in most cases you can avoid them.
Sleep better at night knowing you have extra money tucked away for unplanned expenses.
Do you want your kids to be smart about money? Follow these tips to get them started.
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