Mortgage, Home Loans, GFE - Utah County Real Estate

The first document issued to you by your loan officer is The Good Faith Estimate, or GFE is a document that, in compliance with the Real Estimate Settlement Procedures Act, discloses to the borrower all the costs associated with the loan transaction. The GFE discloses the interest rate, and settlement charges in effect on the date of application. The GFE is not required to be issued until an application is actually made. Once the application has been made the GFE must be issued to the borrower within three days following the date of the application. However, if the application is withdrawn during that initial three days then no disclosures are required to be issued.

Make sure when you receive a GFE, that you have it explained by an experience Mortgage Professional, preferably the one who has qualified you and is able to accurately disclose and define the various loan related fees. Make sure to point out the Yield Spread Premium Line (YSP), and have your loan officer explain it completely. Many times this line gets overlooked and borrowers are very surprised come closing time.

Search Utah MLS

Utah County Homes AMP Mortgage Xpress Orem Real Estate Provo Orem Homes Provo Real Estate Utah Realtor Utah Homes Utah Homes For Sale Provo Real Estate WS Orem Real Estate WS Utah Homes 4 Sale Alpine Real Estate American Fork Real Estate Cedar Hills Real Estate Highland Real Estate Lehi Real Estate Pleasant Grove Real Estate Utah County Home Values Utah County Realtor Utah County Realtors Provo Realtor Provo Utah Real Estate Eagle Mountain Real Estate Mapleton Real Estate Payson Real Estate Saratoga Springs Real Estate Spanish Fork Real Estate Springville Real Estate Utah Best Rate Utah Home Loans Franklin D. Hulme, DDS Utah County Title Companies Utah County Mortgage Companies Utah County Home Warranty Companies Utah County Home Inspection Companies Utah County Appraisal Companies Orem Real Estate, Provo Real Estate, American Fork Real Estate, Lehi Real Estate, Lindon Real Estate, Pleasant Grove Real Estate, Highland Real Estate, Alpine Real Estate, Eagle Mountain Real Estate, Saratoga Springs Real Estate Springville Real Estate, Mapleton Real Estate, Spanish Fork Real Estate, Cedar Hills Real Estate , Utah County Real Estate, Utah Homes For Sale Alpine Utah Homes, Utah County Real Estate