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Mortgage glossary
Good Faith Estimate (GFE)
An older mortgage cost form that was generally replaced by the Loan Estimate for most covered mortgages in 2015. It may still appear in limited types of transactions. Ask which disclosure applies to your loan.
In plain language
This term may appear in conversations, forms, or documents during the mortgage process. If something important changes in your situation, ask how it may affect your case before making a decision.
This explanation is general and educational. It is not personalized advice, a loan offer, or a promise of approval.