Good Faith Estimate definition
Examples of Good Faith Estimate in a sentence
In addition to our fees, estimates of other fees you will pay in connection with your loan will be shown on your Good Faith Estimate.
You will be given credit at closing for any upfront money that you have paid as shown in the Statement of Terms section of this document and on the Good Faith Estimate.
If Seller shall pay any costs, expenses or charges (collectively “Charges”) of the Purchaser, and Purchaser receives any payments from Purchaser’s lender or from another third party, which are attributable to the Charges paid out by the Seller, including but not limited to any cure payments to the Purchaser as a result of Good Faith Estimate tolerance violations under RESPA, then Purchaser shall reimburse, credit, or otherwise refund such payments to Seller (“Reimbursements”).
In addition to our Broker Fees, estimates of other fees you will pay in connection with your loan are shown on your Good Faith Estimate of Closing Costs.
You may not be charged any fee, other than a reasonable credit report fee (if applicable), prior to (i) receiving your Good Faith Estimate from us, (ii) expressing your intent to proceed with the loan transaction and (iii) receiving the initial disclosures from the mortgage lender.