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This document provides patients with an estimated cost of medical services before receiving care. It includes personal details of the patient, a breakdown of services expected, and important disclaimers regarding the accuracy and binding nature of the estimate.
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How to fill out good faith estimate

01
Obtain a Good Faith Estimate (GFE) form from your lender or mortgage broker.
02
Fill in your personal details, including your name, address, and contact information.
03
Provide information about the property you are buying or refinancing.
04
Under loan information, enter the type of loan, loan amount, and term.
05
Include details about interest rates and whether it is fixed or adjustable.
06
Itemize estimated costs, including loan origination fees, appraisal fees, title insurance, and any other relevant charges.
07
Review and double-check all entries for accuracy.
08
Sign and date the form, if required, and keep a copy for your records.

Who needs good faith estimate?

01
Borrowers who are applying for a mortgage or refinancing a home.
02
Real estate agents who need to provide clients with estimated costs.
03
Lenders and mortgage brokers who prepare financial documentation.

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A good faith estimate is a document provided by lenders to borrowers that outlines the estimated costs associated with a loan, typically for mortgage applications.
Lenders who offer federally related mortgage loans are required to provide a good faith estimate to borrowers.
To fill out a good faith estimate, lenders must accurately estimate and disclose various loan-related costs such as origination fees, title insurance, and other closing costs, using standardized forms.
The purpose of a good faith estimate is to provide borrowers with a clear understanding of the expected costs involved in obtaining a loan, enabling them to compare offers from different lenders.
The good faith estimate must report information including loan amount, interest rate, monthly payment, estimated closing costs, and itemized fees.
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