Good Faith Estimate Financial Glossary

What is it? An estimate of charges which a borrower is likely to incur in connection with a loan closing.

Finance Term Definition Added By: Connor

The Good Faith Estimate definition has been viewed 2648 Time(s)!

Send To Friends!

If you'd like to send the Good Faith Estimate definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Good Faith Estimate. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Gross Income is Total income before taxes or deductions.

Financial Term onus items is Checks or drafts drawn on the same bank that is used by the payee/drawee to cash the check or deposit the proceeds. Checks or drafts payable to the drawors bank itself, as opposed to checks drawn on other institutions.

Financial Term Mortgage Insurance is A policy that protects lenders against some or most of the losses that can occur when a borrower defaults on a mortgage loan. Mortgage insurance is required primarily for borrowers with a down payment of less than 20% of the homes purchase price.

Financial Term Real Rate of Return is The inflation-adjusted return of an asset.

Financial Term Change is This shows the change in price of a security from the previous days closing price. For instance, -1 means the security has fallen $1.00.