Good Faith Estimate definition

Good Faith Estimate and “GFE” mean an estimate of charges, prepared in accordance with section 5 of RESPA, which a Borrower is likely to incur in connection with the Closing of a proposed Loan.

Good Faith Estimate means a good faith estimate of all anticipated costs that will be borne by the Mortgagor in a mortgage transaction;

Good Faith Estimate means a notification of expected charges for a scheduled or requested item or service, including items or services that are reasonably expected to be provided in conjunction with such scheduled or requested item or service, provided by a convening provider, convening facility, co-provider, or co-facility.

Examples of Good Faith Estimate in a sentence

• The mortgagee must ask the mortgagor about any costs or other ob- ligations that the mortgagor has in- curred to obtain the mortgage, as de- fined by the Secretary, in addition to providing the Good Faith Estimate re- quired by § 3500.7 of this title.

• 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 learn about the sales agreement, how to use a Good Faith Estimate to shop for the best loan for you, required settlement services to close your loan, and the HUD-1 Settlement Statement that you will receive at closing.

• 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.

• The mortgage broker’s fee must be itemized in the Good Faith Estimate and on the HUD–1 Settlement Statement.

More Definitions of Good Faith Estimate

Good Faith Estimate shall have the meaning set forth in Section 3(e)(2).

Good Faith Estimate means the number of hours a fast food employee can expect to work per week for the duration of the employee’s employment and the expected days, times, and locations of those hours.

Good Faith Estimate means the number of hours a fast food employee can expect to work per week for the duration of the

Good Faith Estimate. The audit should ensure that it was sent to the borrower within three days of receiving the credit application. The document is then checked for accuracy as to date, borrower(s) name(s) and address with reasonable fee estimates disclosed.

Good Faith Estimate means an estimate that is made in good faith, with the concurrence of the Company's independent auditors, and is based upon a review of any monthly, weekly or other operating or financial information made available from time to time to or prepared by the Chief Executive Officer, Chief Financial Officer, General Counsel or Controller of the Company.

Good Faith Estimate means the Borrower’s good faith estimate of the amount of an Advance to be requested by the Borrower pursuant to Section 2.5(b).

Good Faith Estimate to the CSM at least four weeks in advance. The Good Faith Estimate should be prepared by the title company or lender.