Blog Articles from Allegiant Mortgage, LLC

What is a Good Faith Estimate?

March 13th, 2015 11:46 AM by Rose Tignor

A Good Faith Estimate (GFE) is a form that lists basic information about the terms of a mortgage loan for which a consumer has applied.  The GFE includes the estimated costs related to the home loan and provides basic information about the loan itself, which helps consumers:

  • Compare offers
  • Understand the real cost of the loan
  • Make an informed decision about loan choices

The lender or the mortgage broker must provide a GFE within three (3) business days of receiving the loan application or other required information. Loan Fees (except for credit report fees) cannot be charged until a GFE is received and the borrower indicates that they plan to take out the home loan.  GFE’s are considered private information and cannot be provided to real estate agents without the client’s prior consent.

why use Allegiant?

  • Easy Online Application located at www.allegianthomeloans.com/loanapplication
  • Quick 30 minute approval response
  • Free Scenario Advice -- -- -- -- -- -- > call Todd at (615) 717-3185
  • Available nights & weekends when you’re out working in the field.
  • We’re even available to meet with clients in YOUR office.
  • Buyers walk away satisfied and educated.
  • Real time status updates, we keep you informed!!
  • LESS delayed closings and most importantly,
  • MORE closed sales

Posted by Rose Tignor on March 13th, 2015 11:46 AM

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